Listing Agent: Mark Lima      Broker/Office: Lima Real Estate Group
920 The Strand Manhattan Beach CA 90266
$ 14,950,000
  6   |    5   |    3083 Sq Feet

Listing ID

#OC26043254

Status

Active

Property Type

Quadruplex

County

Los Angeles

Year Built

1957

Days on website

2

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!
Location
Financial Information
List Price:  $ 14950000
Property Features
Community Features:  Sidewalks
High School District:  Manhattan Unified
Lot Features:  Walkstreet
Senior Community YN:  false
Structure Type:  Quadruplex
View:  Ocean
Water Source:  Public
High School District:  Manhattan Unified
Senior Community YN:  false
MLS Area Major:  142 - Manhattan Bch Sand
City:  Manhattan Beach
Listed By:   Mark Lima   Lima Real Estate Group 
CA Lic#