
Manhattan Beach, California 90266
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $3,499,000—positioned above the $3,349,646 Fair Market Value. While priced at a premium, the property offers a rare 3,600 sqft oversized lot in the prestigious Gas Lamp District. Featuring a Condition Rating of 3, the home provides a solid foundation with vaulted wood-beamed ceilings and a spacious deck. With access to Top-Rated Schools like Grand View Elementary and Mira Costa High, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term land value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 540 24th Street Subject | $3,499,000* List Price | 3 | 3 | 2,385 | $1,404 | - |
A 2108 Grandview Avenue Sold | $3,500,000 | 4 | 3 | 2,333 | $1,500 | 0.1 mi |
B 1729 Pacific Avenue Sold | $3,700,000 | 3 | 3 | 2,850 | $1,298 | 0.4 mi |
C 521 13th Street Sold | $3,950,000 | 3 | 3 | 2,428 | $1,627 | 0.5 mi |
D 2212 N Ardmore Avenue Sold | $3,502,000 | 4 | 3 | 2,428 | $1,442 | 0.2 mi |
E 3604 Laurel Sold | $3,800,000 | 3 | 3 | 2,800 | $1,357 | 0.6 mi |
F 3013 Maple Avenue Sold | $3,025,000 | 3 | 3 | 1,742 | $1,737 | 0.5 mi |
G 2508 Pine Sold | $4,170,000 | 5 | 4 | 3,077 | $1,355 | 0.7 mi |
H 2504 Palm Sold | $2,500,000 | 4 | 2 | 1,802 | $1,387 | 0.5 mi |
I 716 13th Active | $3,250,000 List Price | 3 | 2 | 2,070 | $1,570 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1940 but significantly updated and well-maintained. The kitchen features modern white shaker cabinetry, stone and butcher block countertops, and stainless appliances. While some areas like the laundry room and flooring show more age, the home is move-in ready with functional systems and updated baths, fitting the 10-20 year renovation profile.
Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
Situated in the prestigious Gas Lamp District, this property sits on a 3,600 sqft lot—roughly 1.5 times the size of a standard lot in the area—offering rare outdoor space and significant long-term development potential.
In a high-density coastal neighborhood where parking is at a premium, the inclusion of an oversized two-car garage plus an additional off-street parking space provides a major functional advantage.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2385, other record living area = 1059.
Built in 1940, the home likely requires updates to its original systems and finishes to align with modern luxury standards, potentially necessitating additional capital investment after purchase.
At a $3.499M price point for a 1940s structure, the property is positioned at a premium that may lead buyers to evaluate it primarily as a land-value play rather than a turnkey residential offering.
Located in the coveted Gas Lamp District of Manhattan Beach, 540 24th Street presents a charming beach cottage framed by mature trees and set on an oversized lot approximately one and a half times the size of the average Gas Lamp property. Entering through the front door, the home welcomes you with abundant natural light, airy interiors, and a sense of warmth and character throughout. At the front of the residence, a formal living room offers an inviting gathering space centered around a charming fireplace and framed by large front-facing windows that fill the room with light. Adjacent to the living room, the kitchen enjoys a natural connection to the surrounding living spaces, featuring butcher block countertops, thoughtful storage, and a convenient pass-through that enhances both everyday living and effortless entertaining. Positioned just beyond, a dining nook surrounded by walls of windows provides a bright and refreshing setting for meals, ideally situated alongside the kitchen and main living areas. Toward the rear of the home, a sunken family room serves as a welcoming hub, distinguished by vaulted wood-beamed ceilings, a dramatic floor-to-ceiling stone fireplace, built-in cabinetry, and a dry bar. Two sets of double doors open directly to the outdoor living spaces, creating a seamless connection between indoors and out. Step outside to the spacious side deck and yard, offering plenty of room for outdoor dining, entertaining, and lounging. Also on the main level, a full bathroom and dedicated laundry room with built-in storage add everyday convenience and functionality. Ascending to the second level, the home's private living quarters include three generously sized bedrooms. The primary suite serves as a peaceful retreat, featuring vaulted wood-beamed ceilings, custom built-ins, a charming bay window with built-in bench seating, a walk-in closet, and a spacious ensuite bathroom complete with dual vanities, a soaking tub, and a glass-enclosed shower. The two additional bedrooms each offer ample closet space and share a secondary bathroom with a shower/tub combination. Completing the property is an oversized two-car garage along with an additional off-street parking space located behind the garage. Blending timeless character, generous living spaces, and a rare oversized Gas Lamp District lot, 540 24th Street presents a rare opportunity to enjoy the charm of coastal living in one of Manhattan Beach's most sought-after neighborhoods.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 1.1 mi
Grades K-3 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 4.0 |
| Square foot | 2,385 | 2,840 |
| Lot Size | 3,600 | 5,009 |
| Price | $3.50M | $3.96M |
| Price per sq ft | $1.5K | $1.5K |
| Built year | 1940 | 1984 |
| HOA | $0 | $0 |
| Days on market | 29 | 48 |
Jun 23, 2026
$3,499,000
Initial Listing
Mar 17, 1994
$539,000
Public Record