
Manhattan Beach, California 90266
This property presents a Strong Value Opportunity with a List Price of $3,695,000—positioned well below the $4,011,889 Fair Market Value by 7%. This valuation gap offers $316,889 in Instant Equity. Featuring a Condition Rating of 5, the home requires a comprehensive interior rehab, yet offers Panoramic Ocean Views and a Dual-Unit Versatility layout. Located near Top-Rated Schools like El Segundo High, this is a prime Value-Add Asset ideal for Buy-and-Hold Investors or Owner-Occupants seeking a legacy coastal project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4308 Crest Drive Subject | $3,695,000* List Price | 0 | 0 | 1,638 | $2,449 | - |
A 425 30th Street Sold | $2,800,000 | 2 | 1 | 986 | $2,840 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Originally built in 1929, this nearly 100-year-old property features a main kitchen with highly dated cabinetry, tile, and wallpaper that appear to be over 30-40 years old. While the secondary unit shows some minor updates, the overall age of the structure and the need for a comprehensive interior rehab to modernize systems and finishes align with the poor condition criteria.
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 the area's best streets, the property offers stunning, unobstructed coastal vistas and sunset views from its prime vantage point.
The inclusion of an attached 2-bedroom, 1-bathroom unit alongside the main residence provides exceptional flexibility for rental income, guest housing, or multi-generational living.
Built in 1929, the property likely requires significant capital investment for modernizing systems and structural elements to meet current luxury standards.
At a list price of $3.695M for 1,638 square feet, the valuation is heavily tied to the land and potential rather than the utility of the existing square footage.
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 | 0.0 | 4.0 | 2% |
| Baths | 0.0 | 4.0 | 2% |
| Square foot | 1,638 | 2,804 | 22% |
| Lot Size | 3,687 | 4,883 | 23% |
| Price | $3.69M | $3.80M | 47% |
| Price per sq ft | $2.3K | $1.5K | 91% |
| Built year | 1929 | 1985 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 121 | 5% |
May 19, 2026
$3,695,000
Initial Listing