4117 Ocean Drive, Manhattan Beach, California 90266, Manhattan Beach, 90266 - 5 bed, 3 bath
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Manhattan Beach, California 90266
This Beachfront Development Site on The Strand represents a Prime Investment Opportunity listed at $5,000,000—positioned well below the $5,216,826 Fair Market Value by 4%. This valuation gap offers $216,826 in Instant Equity. Currently in Original 1939 Condition, the property’s primary value is its High-Density Zoning and Panoramic Ocean Views stretching to the Palisades. Boasting rare 6-car tandem parking and proximity to 10/10 Rated Schools, this is a premier acquisition for Luxury Developers or Visionary Owner-Users.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4117 Ocean Drive Subject | $5,000,000* List Price | 5 | 3 | 2,804 | $1,860 | - |
A 113 35th Sold | $6,100,000 | 5 | 4 | 2,772 | $2,201 | 0.3 mi |
B 225 24th Sold | $5,100,000 | 5 | 5 | 3,451 | $1,478 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1939, this original duplex is marketed primarily as a development site or a major renovation project. The lack of interior photos for a beachfront property at this price point, combined with the aged exterior and the listing's emphasis on the potential for a future new structure in a high-density zone, indicates that the kitchens, bathrooms, and major systems are likely at the end of their functional lifespan and require substantial rehabilitation.
Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: El Segundo High School (10/10).
Situated directly on The Strand in Manhattan Beach, this rare beachfront property offers immediate access to the sand and an elite coastal lifestyle.
Located in a high-density zone, the property presents a significant opportunity for a multi-unit luxury development or a custom renovation project on a 3,500 sqft lot.
Built in 1939, the original structures likely require extensive modernization or a complete rebuild to meet contemporary luxury standards and maximize value.
While the parking capacity is high, the tandem configuration can be inconvenient for multi-unit tenants, potentially impacting rental logistics or daily ease of use.
Overflowing with the timeless charm of classic Manhattan Beach cottages, this exceptional beachfront property in El Porto presents a rare opportunity to establish your roots on a truly remarkable piece of The Strand. Currently, an original 1939 duplex featuring two 2-bed/1-bath units facing The Strand, this property also has a detached 1-bedroom/1-bathroom unit overlooking Ocean Drive. Embodying quintessential beach ambiance, the interiors showcase hardwood floors, sun-kissed living spaces, and expansive picture windows framing panoramic views stretching from Catalina to the Palisades. The property offers much that can serve as design inspiration for a renovation project, or there is the option to make plans for a future new structure. The location is in a high-density zone, allowing for a multi-unit development site on the combined lots. The three-car garage with tandem parking for up to six vehicles ensures ample space, while nearby public parking provides added convenience for guests and visitors. Indulge in the coastal lifestyle and seize the opportunity to create lasting memories in this unparalleled Strand property.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.4 mi
Grades K-5 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 53% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,804 | 3,264 | 40% |
| Lot Size | 3,500 | 2,698 | 67% |
| Price | $5.00M | $3.90M | 53% |
| Price per sq ft | $1.8K | $1.5K | 60% |
| Built year | 1939 | 1962 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 226 | 7% |
Mar 21, 2026
$5,000,000
Initial Listing