3608 The Strand

MANHATTAN BEACH, CA, 90266

$28,900,000

$2,121 per ft²
$28,900,000
$2,121 per ft²
Active
Active
 - For Sale
beds
16 Beds
baths
15 Baths
carpenters-square
13,620 ft²
property_type
Multi-family
calendar
Built 1952
ONE OF A KIND AND IRREPLACEABLE 11 UNIT OCEAN FRONT BEACH CLUB SITUATED ON 2-2/3 BEACH FRONT LOTS 88 FEET WIDE X 105 FEET DEEP, OFFERS SPECTACULAR WHITE SAND, WHITE WATER VIEWS OF THE OCEAN AND COASTLINE FROM PALOS VERDES TO MALIBU. PROPERTY COMES WITH (TIC) ENTITLEMENTS FROM THE DEPARTMENT OF REAL ESTATE WHICH CONVEYS THE RIGHT TO SELL EACH INDIVIDUAL UNIT SEPARATELY. TENANT IN COMMON (TIC) OWNERSHIP, POPULAR IN SAN FRANCISCO, GAINING POPULARITY IN LOS ANGELES, CONVEYS FOR EACH DWELLING AN UNDIVIDED PROPERTY CO-OWNERSHIP INTEREST, ALONG WITH THE EXCLUSIVE RIGHT TO OCCUPY AND THE RIGHT TO SELL. EXCEPTIONAL UPSIDE POTENTIAL WITH ESTIMATED RENOVATION COSTS FOR EXTERIOR $185,000/UNIT, INTERIOR $195,000/UNIT. PROFORMA INCOME $70,500/MO., $846,000/YEAR ESTIMATED PROPERTY VALUE AFTER RENOVATION $38,000,000. SELLER FINANCING AVAILABLE. SELLER WILL CONSIDER SALE OF 50% PROPERTY INTEREST. PLEASE REFER TO PRIVATE REMARKS AND CALL LISTING AGENT FOR ADDITIONAL INFORMATION.
MLS® ID:
SB22256236MR
Listed:
1/26/23
Updated:
3/30/23
Compass
Kris Zacuto
Mobile: (310) 702-6299Email: kris@kriszacuto.com

Interior Features

Total Bedrooms
16
Total Bathrooms
15
Laundry Description
Community, Room
Cooling
None

Exterior/Building Features

Lot Size
9,334 ft² lot
Exterior Features
Stucco
Architectural Style
Modern
Roof
Rolled/Hot Mop, Tar and Gravel
Sewer
Public Sewer

Other Property Details

Association Amenities
Other
Garage
Yes
Garage Spaces
18
Parking
Assigned, Driveway, Garage
Parking Total
18.0
View
Y
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Total Stories
3

Property History

Date
Event
Price
Value
3/23/23
Price Change
$28,900,000
0%

Courtesy of Real Estate West, Inc., Robert Schumann,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Kris Zacuto shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 3/30/23

Compass
Kris Zacuto
Mobile: (310) 702-6299Email: kris@kriszacuto.com
Contact