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920 The Strand, Manhattan Beach, CA 90266

$14,950,000
  • 920 The Strand, Manhattan Beach, CA 90266 Main Photo

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New to the Market Active
BEDS6 BATHS5 full SQUARE FEET3,083 MLS#OC26043254
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLManhattan Unified

Listing Courtesy of: Lima Real Estate Group
Agency Phone: 714-333-6407
Associate Name: Mark Lima
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Listing Shown by: Farrell Smyth, Inc.
Agency Phone: 805-543-2172


Property Description

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!

920 The Strand | MLS# OC26043254

This multi-family property located at 920 The Strand, Manhattan Beach, CA 90266 is currently listed for sale with an asking price of $14,950,000. The Strand is located within the Manhattan Unified school district. Search Manhattan Beach real estate on www.farrellsmyth.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: None
Garage: 3 car attached
Lot Size: 0.08 Acres
Stories: 2.0
Year Built: 1957

Feature Descriptions

Community Features: Sidewalks
Days on Site: 6
Fireplace: LivingRoom
Laundry: CommonArea, LaundryRoom
Lot: RectangularLot, Walkstreet
Parcel#: 4179015001
Sewer: PublicSewer
Special View Info: Ocean
Units: 4
Water: Public

Local Schools

School District: Manhattan Unified

Listed By / Shown By

Listed By

Agency Name: Lima Real Estate Group
Agency Phone: 714-333-6407
Agent Name: Mark Lima

Shown By

Agency Title: Farrell Smyth, Inc.
Agency Phone: 805-543-2172

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Estimate Your Payment

Estimated Payment

$ 37,632.64 per month $33,272.22 Principal & Interest $0.00 Property Tax (data not provided by mls) $4,360.42 Homeowner's Insurance

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