
Manhattan Beach, California 90266
This High-Potential Investment Opportunity is a 3,100-square-foot duplex listed at $6,900,000, positioned well below the $6,622,229 Fair Market Value by -4%. Featuring a Condition Rating of 4, the property offers significant redevelopment potential to capture panoramic ocean and whitewater views. Located in the prestigious Manhattan Unified School District near Grand View Elementary, this asset provides immediate rental income while offering a rare canvas for custom luxury construction. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a legacy walk street property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 222 24th Street Subject | $6,900,000* List Price | 6 | 5 | 3,100 | $2,136 | - |
A 4117 Ocean Drive Sold | $5,000,000 | 5 | 3 | 2,804 | $1,783 | 0.8 mi |
B 113 35th Sold | $6,100,000 | 5 | 4 | 2,772 | $2,201 | 0.5 mi |
C 127 21st Active | $4,899,000 List Price | 5 | 4 | 2,252 | $2,175 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained but dated, with the most recent significant renovation occurring in 2001 (23 years ago). While functional and move-in ready for immediate income, the kitchen and interior finishes are over 20 years old, and the listing heavily emphasizes redevelopment potential for ocean views.
Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
Situated on a coveted walk street in the Sand Section, the property offers the quintessential coastal lifestyle with immediate proximity to the beach, Downtown Manhattan Beach, and top-rated Grand View Elementary.
Located at a high elevation with a natural downslope and a preserved west-facing corridor, the lot offers rare potential to capture panoramic ocean and whitewater views, especially upon redevelopment.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3100, other record living area = 3042.
With the original structure dating back to 1940 and the most recent significant remodel in 2001, the property likely requires substantial modernization or a complete rebuild to meet contemporary luxury standards.
The realization of maximum ocean views is contingent upon complex City approvals and architectural design, posing a degree of uncertainty and additional cost for prospective developers.
222 24th Street presents a rare generational opportunity on one of Manhattan Beach's most coveted walk streets. What truly distinguishes this property is its exceptional positioning and view potential. Situated near one of the highest elevations of the 200 block, the lot benefits from favorable topography that enhances its outlook and creates a view opportunity rarely found among Manhattan Beach walk street properties. The natural downslope of the surrounding terrain may open sightlines to the south, while the neighboring double-lot residence to the west preserves a uniquely valuable west-facing view corridor. For those considering redevelopment, a future residence may have the opportunity to capture extraordinary ocean and whitewater views directly over the rooftop of the westerly adjacent neighbor - an extremely uncommon advantage for a Manhattan Beach walk street home (subject to buyer investigation, design, and City approvals). Held by the same family for decades, this approximately 3,100-square-foot duplex offers a unique blend of immediate income potential, flexible living, and exceptional ocean view redevelopment possibilities. The existing property features two spacious residences with a combined six bedrooms and five-and-a-half baths. The front residence was originally constructed in the late 1960s, while significant remodels were completed in 1983 - including the addition of the third floor to the rear residence - and again in 2001 for the front residence. The homes are highlighted by vaulted ceilings, multiple outdoor decks, and the quintessential walk street lifestyle that makes this neighborhood of the Sand Section so highly sought after. Ideally located between Downtown Manhattan Beach and North Manhattan Beach, just moments from the beach, The Strand, volleyball courts, the surf, and award-winning Grand View Elementary School, 222 24th Street embodies the very best of South Bay coastal living. Whether preserved as a legacy family asset, maintained as an income-producing investment, or transformed into a custom dream home, this is a rare opportunity to acquire one of the most compelling view-oriented walk street properties to come to market in Manhattan Beach in years.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 1.2 mi
Grades K-3 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 5.0 | 4.0 |
| Square foot | 3,100 | 2,955.5 |
| Lot Size | 2,703 | 2,024.5 |
| Price | $6.90M | $5.29M |
| Price per sq ft | $2.2K | $1.7K |
| Built year | 1940 | 1971 |
| HOA | $0 | $0 |
| Days on market | 21 | 98 |
Jul 1, 2026
$6,900,000
Initial Listing
Oct 31, 2000
$1,300,000
Public Record
Dec 4, 1997
$734,090
Public Record
Aug 30, 1993
$315,000
Public Record