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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$14,450,000

Est. payment - /mo

3,332 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26042619

HOA Y/N No

Year Built 1957

Lot Size 3,332 Sqft

Property Sub-Type Quadruplex

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!

Location

State CA

County Los Angeles

Area 142 - Manhattan Bch Sand

Interior

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Sidewalks

View Y/N Yes

View Ocean

Total Parking Spaces 3

Private Pool No

Building

Lot Description Corner Lot, Landscaped, Rectangular Lot, Walkstreet

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4179015001

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Probate Listing

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Listed by Mark Lima Lima Real Estate Group mlima@limarealestategroup.com, DRE #01845513

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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

920 The Strand Manhattan Beach, CA 90266

Ernie Caponera

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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920 The Strand