425 23rd Place, Manhattan Beach, California 90266, Manhattan Beach, 90266 - 4 bed, 3 bath
425 23rd Place
Manhattan Beach, California 90266
Property Price
SUMMARY
Analysis of 425 23rd Place, Manhattan Beach, California 90266 reveals a property with a current list price of $3,699,000, which is 8% above the estimated $3,395,799 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Manhattan Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 425 23rd Place Subject | $3,699,000* List Price | 4 | 3 | 2,040 | $1,665 | - |
A 129 Moonstone Street Sold | $3,450,000 | 3 | 4 | 2,143 | $1,610 | 0.8 mi |
B 228 5th Place Sold | $3,020,000 | 3 | 4 | 1,750 | $1,726 | 0.9 mi |
C 213 Seaview Street Sold | $3,250,000 | 4 | 4 | 1,748 | $1,859 | 0.9 mi |
D 2716 Highland Avenue Sold | $3,300,000 | 3 | 3 | 2,057 | $1,604 | 0.2 mi |
E 210 El Porto Street Sold | $2,850,000 | 2 | 4 | 1,726 | $1,651 | 0.7 mi |
F 2215 Alma Active Under Contract | $4,200,000 List Price | 3 | 3 | 2,431 | $1,728 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2015, this custom-designed home falls within the 10-year threshold for excellent condition. It features high-end modern amenities including a three-stop tube elevator, integrated solar panels, and contemporary coastal finishes. The property appears meticulously maintained with modern kitchen appliances and systems that meet current luxury standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
- Prime Gas Lamp Location
Situated in the prestigious Gas Lamp District, this home offers elite proximity to top-rated schools like Grand View Elementary and is just moments from the beach and downtown Manhattan Beach.
- Modern Accessibility & Efficiency
Built in 2015, the residence includes a three-stop tube elevator for seamless multi-level access and integrated solar panels, providing a rare combination of luxury and sustainable living.
CONSRISKS & DEFICIENCIES
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1349, living area = 2040.
- Limited Outdoor Space
With a lot size of only 1,349 square feet, the property offers very little private yard or outdoor entertaining space, which is a common trade-off for the Sand Section location.
- Compact Interior Proportions
Fitting four bedrooms and two flex rooms into 2,040 square feet of living space may result in smaller individual room dimensions and a more condensed interior feel.
About 425 23rd Place
Welcome to 425 23rd Place — a custom single-family home located in the highly sought-after Gas Lamp District of Manhattan Beach. Thoughtfully designed with both functionality and flexibility in mind, this exceptional residence blends coastal elegance with modern innovation. This spacious home features four well-appointed bedrooms plus two additional flex rooms, offering endless possibilities for a home office, gym, media room, playroom, guest quarters, or creative studio. Whether you’re working from home, hosting guests, or building your dream lifestyle, the versatility here is unmatched. Designed for convenience and long-term livability, the property includes a 3-stop tube elevator, seamlessly connecting multiple levels and enhancing accessibility for all stages of life. Energy efficiency meets luxury with installed solar panels, helping reduce utility costs while supporting sustainable living — a valuable feature in today’s market. Nestled in the coveted Gas Lamp District, you’re just moments from award-winning schools, downtown Manhattan Beach, world-class dining, boutique shopping, and pristine beaches. Enjoy the perfect balance of privacy and proximity in one of the South Bay’s most desirable neighborhoods. This is more than a home — it’s a custom coastal retreat designed for modern living.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2015
- Lot Size
- 1,349 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Manhattan Beach Unified Schools
Grand View Elementary School
Grades K-5 • 0.0 mi
Opal Robinson Elementary School
Grades K-5 • 1.1 mi
Hermosa View Elementary School
Grades K-3 • 2.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 4.0 | 44% |
| Square foot | 2,040 | 2,885.5 | 32% |
| Lot Size | 1,349 | 4,941 | 5% |
| Price | $3.70M | $3.43M | 56% |
| Price per sq ft | $1.8K | $1.4K | 79% |
| Built year | 2015 | 1986 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 175 | 3% |
Pricing History
Listed for Sale
Feb 25, 2026
$3,699,000
Initial Listing
Sold
Nov 5, 2013
$955,000
Public Record