
Manhattan Beach, California 90266
This Development-Ready Land Asset is a High-Potential Investment Opportunity, listed at $5,750,000—positioned well above the $5,045,237 Fair Market Value by 13%. While priced at a premium, the property offers a rare 30' x 90' walk street lot with panoramic ocean views in a prime South Manhattan Beach location. With a Condition Rating of 6 (sold for land value), this site is ideal for a custom luxury build. It serves as a premier acquisition for Luxury Developers or Owner-Occupants seeking a world-class coastal lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 228 10th Street Subject | $5,750,000* List Price | 4 | 4 | 1,789 | $2,820 | - |
A 408 4th Sold | $4,250,000 | 2 | 3 | 1,782 | $2,385 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property was built in 1952 (70+ years old) and the listing explicitly states the sale is contingent upon the demolition of the existing residence, indicating it is being sold for land value only.
Elementary School: Opal Robinson Elementary School (9/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
Situated in the highly coveted South Manhattan Beach area west of Highland, this property offers immediate proximity to the beach, The Strand, and premier downtown dining and social clubs.
Unlike typical interior walk street lots, this site benefits from an unusually open setting with enhanced northwest-facing views toward the Manhattan Beach Pier due to neighboring low-profile structures and vacant land.
With a list price of $5.75 million for the land alone, the total capital requirement after high-end construction costs will be significant, potentially limiting the buyer pool to ultra-high-net-worth individuals.
The sale is contingent upon the seller obtaining city approvals for demolition, which introduces potential timing uncertainties and reliance on municipal processing before the close of escrow.
Rare opportunity to acquire a 30' x 90' walk street lot in a prime South Manhattan Beach location, west of Highland and just a short walk from downtown, the beach and The Strand. Arthur J, the 900 Club and Aviator Nation are all just steps away, yet the property enjoys an unusually open setting with enhanced northwest-facing views toward the pier — a combination rarely found on an interior walk street lot. Predominantly one-story properties along Manhattan Avenue, together with vacant land fronting Bayview Drive and parking to the north, create a wider view corridor and an exceptional sense of openness. Sale is contingent upon Seller obtaining all necessary approvals to demolish the existing residence, completing demolition, and obtaining any related approvals necessary to convey the property. 228 10th Street is the anticipated address; final address to be assigned by the City of Manhattan Beach.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades 6-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 4.0 | 3.6 |
| Square foot | 1,789 | 2,672.95 |
| Lot Size | 2,700 | 5,332.267 |
| Price | $5.75M | $3.90M |
| Price per sq ft | $3.2K | $1.5K |
| Built year | 1952 | 1977 |
| HOA | $0 | $470 |
| Days on market | 12 | 49 |
Aug 28, 2026
$5,750,000
Initial Listing
Dec 27, 2001
$950,000
Public Record
Jul 22, 1998
$735,000
Public Record