
Manhattan Beach, California 90266
This property presents a High-Potential Investment Opportunity with a List Price of $2,495,000—positioned well below the $2,581,081 Fair Market Value by 3%. This valuation gap offers $86,081 in Instant Equity for buyers. Featuring a Condition Rating of 5, the home requires a total overhaul, yet its unobstructed Pacific Ocean views and premium corner lot provide a rare canvas for a custom build. Located near top-rated schools like Grand View Elementary, this is an ideal acquisition for Developers or Investors seeking long-term coastal appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 315 33rd Subject | $2,495,000* List Price | 2 | 2 | 1,529 | $1,688 | - |
A 1902 Highland Avenue Sold | $2,683,000 | 4 | 2 | 1,954 | $1,373 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Originally built in 1939, this property is over 80 years old and shows no evidence of recent major renovations. The kitchen features extremely dated tile and cabinetry, and the listing description explicitly frames the property as a 'rehabilitation project' or a 'ground-up coastal build,' signaling that the home's systems and structure require a total overhaul.
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 in the highly coveted Manhattan Beach Sand Section, the property offers walking distance to the beach, El Porto surf, and local dining while maintaining a private, quiet atmosphere.
The premium northeast corner lot positioning provides permanent, unobstructed southwest Pacific Ocean views, a rare and high-value asset in this dense coastal market.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1348, living area = 1529.
Built in 1939, the existing structure likely requires a total renovation or demolition, necessitating substantial additional capital investment beyond the purchase price.
The compact 1,348 square foot lot size limits the total square footage of a new build, which may challenge developers looking to maximize interior living space.
Positioned in one of Manhattan Beach’s most desirable coastal pockets, 315 33rd Street offers the opportunity to experience the very best of South Bay beach living while enjoying a quieter setting just removed from the crowds along the shoreline. Located only minutes from the Manhattan Beach Strand and the renowned surf of El Porto, the property also provides easy access to Downtown Manhattan Beach, the Pier, beloved local eateries like Fish Bar and Pancho’s, and the charming boutiques that give the neighborhood its timeless beach-town character. Situated on a premium northeast corner lot with unobstructed southwest Pacific Ocean views, this property presents an exceptional opportunity for a thoughtful remodel, rehabilitation project, or custom ground-up coastal build. The approximately 30’ x 45’ lot offers an estimated 1,350 square feet of development potential, making it appealing to end users, developers, and investors alike. The location combines relaxed coastal living with commuter convenience, offering quick access to Rosecrans Avenue, Interstate 405, LAX, Venice, Marina del Rey, Santa Monica, and the greater Westside. Whether you are searching for a primary residence, second beach home, 1031 exchange opportunity, or an investment property positioned for strong short-term and long-term rental demand, 315 33rd Street represents a rare opportunity to own a piece of Manhattan Beach real estate close to everything that embodies the beach lifestyle while still maintaining a sense of privacy and retreat.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.6 mi
Grades K-3 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 12% |
| Baths | 2.0 | 4.0 | 31% |
| Square foot | 1,529 | 2,804 | 19% |
| Lot Size | 1,348 | 4,883 | 3% |
| Price | $2.50M | $3.80M | 19% |
| Price per sq ft | $1.6K | $1.5K | 58% |
| Built year | 1939 | 1985 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 121 | 6% |
May 14, 2026
$2,495,000
Initial Listing