
Manhattan Beach, California 90266
This Modernized Coastal Duplex is a Strong Value Opportunity, listed at $2,499,000—positioned well below the $2,758,079 Fair Market Value by 9%. This valuation gap provides $259,079 in Instant Equity. Boasting a Move-In Ready Condition Rating, the property features Ocean Views, updated Granite Kitchens, and stainless steel appliances. Located in the Manhattan Beach Sand Section near Top-Rated Schools like El Segundo High (10/10), it offers immediate rental income or a "house-hack" lifestyle. This is an elite acquisition for Owner-Occupants seeking coastal luxury or Luxury Investors targeting high-demand submarkets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 223 Shell Street Subject | $2,499,000* List Price | 0 | 0 | 1,901 | $1,451 | - |
A 200 Moonstone Street Sold | $2,200,000 | 0 | 0 | 1,440 | $1,528 | 0.1 mi |
B 217 43rd Pending | $2,200,000 List Price | 3 | 3 | 1,368 | $1,608 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant recent interior updates. Both units have been modernized with new laminate flooring, fresh paint, and recessed lighting. The kitchens are equipped with contemporary stainless steel appliances, granite countertops, and updated tile backsplashes. While the building was originally constructed in 1970, the interior renovations and well-maintained condition of the bathrooms and living spaces meet current market standards for a high-quality rental or owner-occupied residence.
Elementary School: Richmond Street Elementary School (9/10). Middle School: Manhattan Beach Middle School (9/10). High School: El Segundo High School (10/10).
Situated in the highly coveted Manhattan Beach Sand Section, the property is just blocks from the ocean and downtown, offering an elite lifestyle and significant long-term appreciation potential.
The duplex configuration with a vacant 2-bedroom unit provides immediate flexibility for owner-occupancy, multigenerational living, or market-rate rental income alongside the existing $4,800/month lease.
The 1,711 square foot lot is relatively small, which limits private outdoor yard space and restricts future expansion of the building's footprint.
Despite interior updates, the 1970 construction may require more intensive maintenance or system upgrades compared to newer builds, particularly given the corrosive nature of the coastal environment.
Unit Mix: (1) 3-Bedroom unit with recently signed lease (within the past year) | (1) 2-Bedroom unit currently VACANT ~ Set just blocks from the ocean, 223 Shell Street presents a rare 1,901 SF duplex opportunity in one of Manhattan Beach’s most desirable coastal locations. With covered parking spaces and a versatile unit mix, the property offers both comfort and convenience moments from the beach and downtown. The front upper-level unit features three bedrooms and bright, inviting living spaces. The large living and dining areas are filled with natural light and enhanced by recessed lighting, creating an airy setting for everyday living and entertaining. Between the kitchen and dining area, large sliding glass doors open to a front-facing ocean-view terrace, offering an extension of the living space. The updated kitchen is equipped with stainless steel appliances and includes an in-unit washer and dryer for added convenience. Each bedroom is light and bright with generous closet space, while the primary suite features an en-suite bath. A second full bathroom with dual vanities serves the two additional bedrooms. The rear vacant unit offers two bedrooms and a comfortable, functional layout. The kitchen is finished with stainless steel appliances and granite countertops, while both bedrooms are generously sized and provide ample closet space. A renovated full bathroom adds both style and convenience. Blocks from the ocean and moments to downtown Manhattan Beach, this oceanside duplex offers a rare opportunity to enjoy coastal living, ocean views, investment potential, and multigenerational flexibility in an exceptional location. 3 Bed Unit - $4,800 per month | 2 Bed Unit - Currently Vacant, previously getting $3,295 per month.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.3 mi
Grades 6-8 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 47% |
| Baths | 0.0 | 3.0 | 47% |
| Square foot | 1,901 | 3,264 | 27% |
| Lot Size | 1,711 | 2,698 | 27% |
| Price | $2.50M | $3.90M | 27% |
| Price per sq ft | $1.3K | $1.5K | 47% |
| Built year | 1970 | 1963 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 226 | 7% |
Apr 8, 2026
$2,499,000
Initial Listing