
Manhattan Beach, California 90266
This Premier Development Asset is listed at $3,500,000, representing a stable acquisition price closely aligned with its $3,489,621 Fair Market Value. Located on the prestigious American Martyrs Hill, the property holds a Condition Rating of 6, signaling a prime teardown opportunity on a 4,412-square-foot lot. Featuring panoramic City Lights, Canyon, and Greenbelt views and proximity to Top-Tier 9/10 Rated Schools like Pacific Elementary and Mira Costa High, the parcel offers significant ROI potential through a custom luxury build. This is an elite acquisition for Luxury Home Builders or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 661 19th Street Subject | $3,500,000* List Price | 3 | 1 | 1,105 | $3,180 | - |
A 720 27th Street Sold | $3,025,000 | 2 | 1 | 960 | $3,151 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1952 and marketed specifically as a development opportunity for builders, this property is valued for its prime location on American Martyrs Hill rather than the existing structure. The listing description and lack of interior photos indicate the 1,105 sqft home is a likely teardown, with the value residing in the land and potential for a new luxury build.
Elementary School: Pacific Elementary School (9/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
Situated on the prestigious American Martyrs Hill, the property is moments away from downtown Manhattan Beach, the beach, and the scenic Green Belt.
This rare parcel offers a significant opportunity for builders or developers to create a custom luxury residence in one of the most sought-after neighborhoods in the South Bay.
The property was recently sold within the past year on 2025-06-10. The sold price is $2,900,000.00.
Built in 1952 with only 1,105 square feet and a single bathroom, the existing home is likely a teardown or requires a massive capital investment to meet modern luxury standards.
At a $3.5 million list price for the land value alone, the property requires a substantial financial commitment before any construction or renovation costs are even considered.
Attention builders/developers, rare opportunity nestled on the prestigious American Martyrs Hill of Manhattan Beach, moments from the beach, downtown MB, the Green Belt, and American Martyrs School.This exceptional property offers a great location and potential for a wonderful development for a discriminating family to call home. A rare opportunity to buy and hold an exceptional parcel in this sought-after American Martyrs Hills location. Completed plans for a custom modern farmhouse ready to submit.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades 6-8 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 41% |
| Baths | 1.0 | 4.0 | 8% |
| Square foot | 1,105 | 2,548 | 7% |
| Lot Size | 4,412 | 4,800 | 33% |
| Price | $3.50M | $3.50M | 50% |
| Price per sq ft | $3.2K | $1.5K | 98% |
| Built year | 1952 | 1981 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 47 | 154 | 11% |
Mar 6, 2026
$3,500,000
Initial Listing
Jun 10, 2025
$2,900,000
Public Record