
Manhattan Beach, California 90266
This property presents a High-Potential Investment Opportunity with a List Price of $5,650,000—positioned well above the $4,838,006 Fair Market Value. While the property requires a total rehab or ground-up construction due to its Condition Rating of 5, the 5,253 sq ft elevated corner lot in the Manhattan Beach Hill Section offers rare development potential. Featuring panoramic ocean views, this asset is situated in a district with 9/10 rated schools. This is a strategic acquisition ideal for Luxury Developers or Owner-Occupants seeking a custom build.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 744 10th Subject | $5,199,000* List Price | 4 | 3 | 2,189 | $2,130 | - |
A 642 14th Sold | $4,775,000 | 4 | 4 | 2,311 | $2,066 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1942 and held by the same owner for 60 years, the property is in mostly original condition. The kitchen and bathrooms feature severely dated tiling and fixtures, and the presence of wall heaters indicates outdated HVAC systems. While currently standing, the listing's focus on land value and building 'from the ground up' confirms it needs a total rehab or replacement.
Elementary School: Opal Robinson Elementary School (9/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
Situated in the highly coveted Manhattan Beach Hill Section on a desirable corner lot, the property offers an elite coastal lifestyle within walking distance to downtown dining, shopping, and the beach.
The 5,253 sq ft elevated lot provides a rare 'blank canvas' opportunity for developers or end-users to build a custom luxury estate or perform a major architectural remodel in a high-demand area.
Built in 1942 and on the market for the first time in 60 years, the existing structure likely requires a complete teardown or a massive capital-intensive renovation to meet modern standards.
At a list price of $5.65 million, the acquisition cost is high for a project property, requiring a buyer with substantial additional liquidity for construction and carrying costs.
Exceptional opportunity in the coveted Manhattan Beach Hill Section. First time on the market in 60 years and ideally situated on a desirable corner lot with ocean views. This 4-bedroom, 3-bathroom home offers 2,189 sq ft of living and tremendous potential. Remodel to your vision or build your dream home from the ground up on this 5,253 sq ft elevated hill section lot, the property presents exciting possibilities. Enjoy a private backyard perfect for entertaining or relaxing. Just a short stroll to vibrant Downtown Manhattan Beach dining, shopping, restaurants, sand and surf. Whether you're an end-user or developer, opportunities like this in the Hill Section are rare. Don't miss your chance to create something truly special in one of the South Bay's most sought-after neighborhoods.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 4.0 | 47% |
| Square foot | 2,189 | 2,804 | 39% |
| Lot Size | 5,253 | 4,909 | 56% |
| Price | $5.20M | $3.80M | 71% |
| Price per sq ft | $2.4K | $1.5K | 93% |
| Built year | 1942 | 1985 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 121 | 6% |
Jun 5, 2026
$5,199,000
$5,650,000
-8% Price Drop
Initial Listing
May 14, 2026
$5,650,000
Initial Listing