
Manhattan Beach, California 90266
This Rare 1.5-Lot Duplex presents a Strong Value Opportunity with a List Price of $5,500,000—positioned well above the $5,086,845 Fair Market Value by -8%. While the property carries a Condition Rating of 6, the expansive 4,050 sq ft lot in the Sand Section offers immense development potential. Featuring Panoramic Ocean Views and proximity to Top-Rated Schools like Grand View Elementary, this asset is a prime candidate for a custom coastal estate. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a legacy development project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 229 31st Street Subject | $5,500,000* List Price | 0 | 0 | 2,060 | $2,469 | - |
A 127 21st Active Under Contract | $4,899,000 List Price | 5 | 4 | 2,252 | $2,175 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1946, this property is over 75 years old with no record of major renovations to systems or interiors. The listing emphasizes the rare 1.5-lot size and development potential for a 'dream coastal residence,' indicating the value is primarily in the land.
Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
This unique 1.5-lot offering totals approximately 4,050 square feet across two separate APNs, providing exceptional development potential or the rare luxury of a large private yard in the dense Sand Section.
Situated on a highly coveted walkstreet just steps from the beach, the property offers a quiet, pedestrian-friendly environment paired with stunning ocean views from both residential units.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4052, other record lot size in square feet = 2698.
Built in 1946, the existing structures likely require significant modernization or a complete rebuild to meet contemporary luxury standards and maximize the land's high market value.
The property is currently tenant-occupied with instructions not to disturb, which may complicate the viewing process, delay development timelines, or necessitate navigating local tenant-buyout regulations.
Amazing opportunity to own this rare and exceptional 1-1/2 lot walkstreet property in the highly sought-after Sand Section of Manhattan Beach. This unique offering includes a duplex situated on a full walkstreet-to-alley lot, together with the adjoining walkstreet half-lot to the west, which is included in the sale(2 separate APN#'s), for a total lot square footage of approximately 4,050 sq feet! The charming 2-bedroom, 1-bath detached home fronts the walkstreet and enjoys ocean views from the spacious living room, complete with an inviting fireplace. The adjoining half-lot provides a beautifully manicured private yard for this home, creating a rare and expansive outdoor setting filled with beautiful greenery, fruit trees, and lush landscaping. Back inside, the bright kitchen offers abundant counter space & cabinetry, along with a convenient stackable washer & dryer.The rear unit offers two levels of living space, with the main living area perched above the 2-car garage.The main level features the living room with an ocean view & a cozy fireplace, kitchen, two bedrooms, and a bathroom. Downstairs, you'll find an additional bathroom, laundry area, and a versatile third bedroom with its own fireplace—perfect for use as an office, den, guest room, or workout space. Ideally located just a hop, skip, and a jump from the beach, this exceptional property places you within easy reach of the restaurants, boutique shops, entertainment, and vibrant coastal lifestyle that make the Manhattan Beach Sand Section so desirable. Whether you're looking to invest, develop, create a dream coastal residence with ADU, or simply own a truly unique piece of Manhattan Beach, this extraordinary property presents an opportunity not to be missed. The possibilities are endless! Please do not disturb Tenants
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.5 mi
Grades K-3 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.3 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,060 | 1,926.857 |
| Lot Size | 4,052 | 1,596 |
| Price | $5.50M | $4.89M |
| Price per sq ft | $2.7K | $1.8K |
| Built year | 1946 | 1967 |
| HOA | $0 | $0 |
| Days on market | 19 | 101 |
Aug 21, 2026
$5,500,000
Initial Listing