
Manhattan Beach, California 90266
This Rare 1920s Coastal Value-Add Asset is listed at $3,995,000, positioned relative to a $3,680,493 Fair Market Value. The property’s Fair Condition Rating and original 1929 architecture present a significant opportunity for forced appreciation through modernization or redevelopment. Boasting Panoramic Ocean Views and an Attached 2-Bedroom Unit for rental income or guest use, the site offers exceptional versatility in the North Manhattan Beach Sand Section. Served by Top-Rated 9/10 Schools like Mira Costa High, this property is a high-upside legacy play for Luxury Developers or Savvy Investors.
Property is moderate renovation needed.
This 1929 beach cottage is well-maintained and retains its original architectural character, but it is significantly outdated by modern luxury standards. While the interior appears functional and habitable with classic wood flooring and stone features, the property lacks recent renovations to the kitchen, bathrooms, and major systems, showing clear signs of age and physical depreciation consistent with a 'Fair' rating.
Elementary School: Richmond Street Elementary School (9/10). Middle School: Manhattan Beach Middle School (9/10). High School: El Segundo High School (10/10).
Perched on an elevated corner lot on one of Manhattan Beach’s premier streets, the property offers stunning, unobstructed views of the coastline, Pacific Ocean, and sunsets.
Situated in North Manhattan Beach, the home provides a relaxed beach lifestyle with superior proximity to LAX, Silicon Beach, and world-class surf breaks compared to more congested areas.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Built in 1929, the property likely requires significant capital investment for modernizing systems and finishes to meet the expectations of today's luxury buyers.
With five bedrooms squeezed into just 1,638 square feet of living space, the individual rooms and common areas may feel undersized and lack the open-concept flow desired in modern coastal homes.
Perched high on one of Manhattan Beach’s best ocean view streets, this rare 1920s corner lot coastal property offers timeless charm, panoramic ocean views, and exceptional versatility. Located in the heart of North Manhattan Beach, the property presents a unique opportunity for both lifestyle buyers and investors alike. The main residence features 3 bedrooms and 2 bathrooms, showcasing classic beach cottage character with warm architectural details, abundant natural light, and refreshing ocean breezes. Elevated positioning along Crest Drive allows for stunning coastal vistas and unforgettable sunsets. Complementing the main home is an attached 2-bedroom, 1-bathroom unit which ideal for guest accommodations or flexible living options. Rich in history and full of character, this property offers a rare chance to own a piece of Manhattan Beach’s past while capitalizing on its future upside. Just moments from the sand, downtown, and award-winning schools, the location is second to none. Positioned at the northern edge of the city, this area provides quicker access to Los Angeles, LAX, and Silicon Beach, making it especially attractive for high-level professionals who want a beach lifestyle without sacrificing convenience. Just steps away is one of Southern California’s most iconic surf breaks—drawing surfers and beach lovers year-round. The Strand here feels a bit more relaxed, offering space, scenery, and that classic California beach energy without the heavier foot traffic of downtown. It's the sweet spot between coastal living and city connectivity. A true legacy opportunity—properties like this rarely come available.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.3 mi
Grades 6-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 60% |
| Baths | 3.0 | 4.0 | 49% |
| Square foot | 1,638 | 2,548 | 21% |
| Lot Size | 3,687 | 4,800 | 28% |
| Price | $4.00M | $3.50M | 59% |
| Price per sq ft | $2.4K | $1.5K | 93% |
| Built year | 1929 | 1981 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 154 | 1% |
Apr 10, 2026
$3,995,000
Initial Listing