200 39th Street, Manhattan Beach, California 90266, Manhattan Beach, 90266 - bed, bath

200 39th Street, Manhattan Beach, California 90266 home-pic-0
ACTIVE UNDER CONTRACT$2,675,000
200 39th Street, Manhattan Beach, California 90266
0Bed
0Bath
1,416Sqft
1,349Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Richmond Street Elementary School (9/10). Middle School: Manhattan Beach Middle School (9/10). High School: El Segundo High School (10/10).
Top Cons:
Age of Structure: Built in 1972, the property's underlying structure is over 50 years old, which, despite recent renovations, could present future maintenance considerations for systems not explicitly upgraded.

Compared to the nearby listings

Price:$2.67M vs avg $2.30M (+$375,000)55%
Size:1,416 sqft vs avg 1,716 sqft27%
Price/sqft:$1.9K vs avg $1.5K82%

More Insights

Built in 1972 (53 years old).
Condition: The property, built in 1972, has undergone significant recent renovations, including a brand-new roof, newer water heaters, and updated interiors with contemporary finishes and charm in each unit. While the original structure is over 50 years old, the extensive updates and modern aesthetic visible in the provided images (e.g., shiplap fireplace, modern stairs) indicate a move-in ready condition with well-maintained systems. The lack of direct images for kitchens and bathrooms prevents an 'Excellent' rating, but the description strongly suggests these areas have also been thoughtfully renovated to current standards.
Year Built
1972
Close
-
List price
$2.67M
Original List price
$2.67M
Price/Sqft
$1,889
HOA
-
Days on market
-
Sold On
-
MLS number
SB25257701
Home ConditionGood
Features
Good View: Ocean
Patio
ViewOcean

About this home

Just one block from the sand in the highly desirable El Porto neighborhood of Manhattan Beach, 200 39th Street offers a rare chance to own a beautifully updated coastal income property in a prime location. This legal duplex with three separate rental units provides multiple streams of income and strong long-term potential in one of Southern California’s most in-demand beach communities. The property includes: a spacious upper-level 2-bed/2-bath unit with ocean views, a bright and modern 1-bed/1-bath apartment, and a furnished studio—each thoughtfully renovated with contemporary finishes and charm. All units are currently tenant-occupied with strong rental history and consistent rent growth. Significant property upgrades include a brand-new roof, two dedicated 220v outlets for EV charging, newer shared washer and dryer, newer water heaters, epoxy garage flooring, built-in surfboard racks, and recent termite tenting. The building includes three garage parking spaces with additional overflow parking behind, a major bonus in a beachside neighborhood where parking is premium. El Porto is currently in the final stages of undergrounding its utility poles, which will enhance the streetscape and add long-term value to the neighborhood. The location offers unbeatable walkability to the beach, local surf spots, and North Manhattan’s restaurants and cafes—with convenient access to LAX, the Westside, and Downtown LA. Whether you're looking to add a stable, low-maintenance asset to your portfolio or acquire a 1031 exchange property near the coast, 200 39th Street is a standout investment with immediate income and future appreciation potential.

Nearby schools

9/10
Grand View Elementary School
Public,K-50.7mi
9/10
Richmond Street Elementary School
Public,K-51.5mi
8/10
El Segundo Middle School
Public,6-81.5mi
9/10
Manhattan Beach Middle School
Public,6-82.2mi
10/10
El Segundo High School
Public,9-121.6mi
9/10
Mira Costa High School
Public,9-122.6mi

Price History

Date
Event
Price
08/14/18
Sold
$1,715,000
12/07/12
Sold
$1,210,000
Condition Rating
Good

The property, built in 1972, has undergone significant recent renovations, including a brand-new roof, newer water heaters, and updated interiors with contemporary finishes and charm in each unit. While the original structure is over 50 years old, the extensive updates and modern aesthetic visible in the provided images (e.g., shiplap fireplace, modern stairs) indicate a move-in ready condition with well-maintained systems. The lack of direct images for kitchens and bathrooms prevents an 'Excellent' rating, but the description strongly suggests these areas have also been thoughtfully renovated to current standards.
Pros & Cons

Pros

Great Schools: Elementary School: Richmond Street Elementary School (9/10). Middle School: Manhattan Beach Middle School (9/10). High School: El Segundo High School (10/10).
Exceptional Coastal Location: Situated just one block from the sand in Manhattan Beach's highly desirable El Porto neighborhood, offering unparalleled walkability to the beach, surf, and local amenities.
Robust Income-Generating Asset: A legal duplex with three distinct, tenant-occupied units providing immediate, diversified income streams and a proven history of consistent rent growth.
Significant Recent Upgrades: Extensive capital improvements including a new roof, newer water heaters, shared laundry, EV charging, and recent termite tenting, ensuring reduced near-term maintenance.
Premium Parking & Accessibility: Features three garage parking spaces plus overflow, a rare and valuable amenity in this beachside community, complemented by convenient access to major employment hubs.
Future Value Appreciation & Views: Benefits from ongoing neighborhood enhancements (utility undergrounding) poised to boost long-term value, with the added appeal of ocean views from the upper unit.

Cons

Age of Structure: Built in 1972, the property's underlying structure is over 50 years old, which, despite recent renovations, could present future maintenance considerations for systems not explicitly upgraded.
Compact Lot and Building Footprint: The relatively small lot size (1349 sqft) and total building square footage (1416 sqft) for three units suggest limited individual unit sizes and minimal private outdoor space.
High Barrier to Entry: The substantial list price of $2.675 million represents a significant capital outlay, potentially narrowing the buyer pool to highly qualified investors.

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