3608 The Strand, Manhattan Beach, CA 90266 (MLS # SB22256236)

Price	$28,900,000
Status	Active
Beds	n/a
Baths	0 Bath
Home size	13,620 sqft
Lot Size	9,335 sqft
Days on Market	58

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.

Property Type(s): Residential Income

Last Updated	3/23/2023	Year Built	1952
Community	Manhattan Bch Sand	Garage Spaces	18.0
County	Los Angeles

Price History

Prior to Mar 23, '23	$29,000,000
Mar 23, '23 - Today	$28,900,000

Additional Details

AIR	None
AMENITIES	Other
AREA	Manhattan Bch Sand
CONSTRUCTION	Stucco
GARAGE	Assigned, Community Structure, Driveway, Garage, Tandem, Yes
HOA DUES	0
LOT	9334 sq ft
LOT DESCRIPTION	Sprinklers None
LOT DIMENSIONS	88.8 X 105
PARKING	Assigned,Driveway,Garage,Community Structure,Tandem
POOL DESCRIPTION	None
SEWER	Public Sewer
STORIES	1
STYLE	Modern
UTILITIES	Cable Available,Natural Gas Available,Sewer Connected, Electric: Electricity - On Property
VIEW	Yes
VIEW DESCRIPTION	Coastline,Ocean,Water
WATER	Public
WATERFRONT	Yes
WATERFRONT DESCRIPTION	Beach Access,Ocean Access,Ocean Front

Location

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Listed with Real Estate West, Inc.

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