
Manhattan Beach, California 90266
This Quadruplex Residential Income Asset represents a Strong Value Opportunity, listed at $14,450,000—positioned above the $13,225,391 Fair Market Value. While the property requires modernization due to its Condition Rating of 4, its rare corner lot on The Strand offers unmatched Panoramic Ocean Views and Coastal Zone Short-Term Rental potential. With proximity to Top-Rated Schools like Hermosa View Elementary, this property is a premier acquisition for Value-Add Investors or Owner-Occupants seeking a trophy asset in Manhattan Beach.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 920 The Strand Subject | $13,950,000* List Price | 6 | 5 | 3,083 | $4,176 | - |
A 2516 The Strand Active | $11,999,000 List Price | 4 | 4 | 3,568 | $3,363 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1957, the property is well-maintained and functional but significantly outdated. The kitchens feature older tile countertops and basic white appliances, while the bathrooms and flooring reflect styles from several decades ago. While move-in ready for renters, it lacks any modern luxury renovations, with the listing's value primarily driven by its prime corner lot location and redevelopment potential.
Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: El Segundo High School (10/10).
Occupying a rare corner lot on The Strand, the property provides superior privacy, abundant natural light, and unobstructed dual-aspect ocean views that are significantly better than standard mid-block parcels.
Delivered completely vacant, this quadruplex offers a unique opportunity for immediate redevelopment or high-revenue short-term rentals, which are specifically permitted within this Coastal Zone.
Built in 1957, the existing building likely requires a total overhaul or demolition to meet the luxury standards expected at this price point, adding significant time and cost to the investment.
The nearly $15 million acquisition price represents a massive entry cost, requiring a sophisticated developer or investor with substantial liquid capital for both the purchase and the subsequent redevelopment.
This is a once in a generation opportunity to acquire a property with triple prime location in one of the best, if not THE BEST, locations in all of Manhattan Beach. Situated at the corner of The Strand and 10th Street, 920 The Strand sits directly across from the volleyball courts, and just steps from the pier as well as Downtown Manhattan Beach with all of it's great restaurants, shopping, and entertainment. A rare corner lot, it offers sweeping ocean views from both the front (West) and side (North), as well as much more abundant natural light, and cooling coastal breezes in comparison to the other properties on the strand with structures on both sides of them. Again, these are benefits, along with added privacy from having only one direct neighbor and adjacency to a quiet walk street, that come only with owning one of the few corner lots on the Strand. Another very unique aspect of this property is that it is being sold completely vacant, giving the new owner maximum flexibility whether for redevelopment, traditional rental income, or the rare opportunity to maximize revenue through short term rentals, as permitted in the Coastal Zone. This 4 unit property includes one 1-bedroom unit and three 2-bedroom units, all with amazing ocean views, as well as an extremely spacious outdoor area to enjoy the coastal lifestyle, soak up the sun, people watch, take in countless breathtaking sunsets, enjoy the big firework show, or enjoy having the best seat in the house for the AVP volleyball tournament. This unique offering is ideal for a visionary developer, a savvy investor seeking a trophy rental, or an owner who wants to live in one unit while generating income from the others. A truly rare opportunity on the Strand. Do not miss it!
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-3 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 5.0 | 4.0 |
| Square foot | 3,083 | 2,955.5 |
| Lot Size | 3,333 | 2,024.5 |
| Price | $13.95M | $5.29M |
| Price per sq ft | $4.5K | $1.7K |
| Built year | 1957 | 1971 |
| HOA | $0 | $0 |
| Days on market | 146 | 98 |
Jul 17, 2026
$13,950,000
$14,450,000
-3% Price Drop
Initial Listing
Apr 30, 2026
$14,450,000
$14,950,000
-3% Price Drop
Initial Listing
Feb 26, 2026
$14,950,000
Initial Listing