4117 The Strand, Manhattan Beach, California 90266, Manhattan Beach, 90266 - 5 bed, 3 bath

4117 The Strand, Manhattan Beach, California 90266 home-pic-0
ACTIVE$5,500,000
4117 The Strand, Manhattan Beach, California 90266
5Beds
3Baths
2,804Sqft
3,500Lot
Year Built
1939
Close
-
List price
$5.5M
Original List price
$5.5M
Price/Sqft
$1,961
HOA
-
Days on market
-
Sold On
-
MLS number
SB24081959
Home ConditionTear down
Features
Excellent View: Catalina, Hills, Ocean, Panoramic
ViewCatalina, Hills, Ocean, Panoramic

About this home

We found 3 Cons,5 Pros. Rank: price - $5.50M(82th), sqft - 2804(91th), beds - 5(82th), baths - 3(64th).

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.

Price History

Date
Event
Price
05/01/24
Listing
$5,500,000
Condition Rating
Tear down

Built in 1939, the property is described as an 'original 1939 duplex' and explicitly suggests it can serve as 'design inspiration for a renovation project, or there is the option to make plans for a future new structure.' This, combined with the mention of a 'high-density zone, allowing for a multi-unit development site,' strongly indicates that the value lies in the land and its redevelopment potential, rather than the existing structure. The lack of interior photos prevents a detailed assessment of kitchens and bathrooms, but the overall description points to a property that has not undergone major renovations in decades and is considered functionally obsolete for modern living, aligning with the 'tear-down' criteria.
Pros & Cons

Pros

Unrivaled Beachfront Location: This exceptional property boasts a direct beachfront position on The Strand in Manhattan Beach's highly desirable El Porto, offering a premier coastal lifestyle and direct access to the sand.
Exceptional Development Opportunity: Located in a high-density zone, the property presents a rare opportunity for multi-unit development or the construction of a new custom structure, maximizing future value and investment potential.
Panoramic Ocean Views: Expansive picture windows throughout the property frame breathtaking, unobstructed panoramic views stretching from Catalina Island to the Palisades, enhancing its luxury appeal.
Income-Generating Triplex: Currently configured as an original 1939 triplex (two 2-bed/1-bath units and a detached 1-bed/1-bath unit), it offers immediate rental income potential as a residential income property.
Abundant Parking: A significant advantage for a beach property, it includes a three-car garage with tandem parking for up to six vehicles, complemented by convenient nearby public parking for guests.

Cons

Significant Renovation/Redevelopment Required: Built in 1939, the property is an 'original' structure, implying substantial investment will be needed for modernization, extensive renovation, or complete redevelopment to meet contemporary luxury standards.
High Entry Price Point: Listed at $5.5 million, the property represents a significant capital outlay, which may limit the potential buyer pool to high-net-worth individuals or experienced developers.
Dated Current Configuration: While possessing 'timeless charm,' the existing 2-bed/1-bath units are likely dated in terms of layout, finishes, and amenities, necessitating upgrades for modern living or rental appeal.

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