• Home
  • FREE Listing Alerts
  • Home Search
    • Current Homes for Sale
    • All Manhattan Beach Listings
      • Sand Section Homes
      • Tree Section Homes
      • Hill Section Homes
      • Manhattan Village
      • East Manhattan – Liberty Village
      • East Manhattan – Mira Costa
    • Search By Home Type
      • Single Family Homes
      • Townhomes
      • Condos
      • Multi Unit-Investment
    • Off Market & Pocket Listings
    • Search By Price
      • Below $1,000,000
      • $1,000,000 – $1,500,000
      • $1,500,000 – $2,000,000
      • $2,000,000 – $2,500,000
      • $2,500,000 – $3,000,000
      • $3,000,000 – $5,000,000
      • Homes Priced Between $5,000,000 and $7,000,000
      • Homes Price Above $7,000,000
  • Sellers
    • What is Your Home Worth?
    • How We Sell Luxury Homes
    • Seller FAQs
  • Neighborhoods
    • The Sand Section
    • The Tree Section
    • The Hill Section
    • East Manhattan/ Liberty Village
    • Manhattan Village
    • MB School Info
  • About
    • Keith Kyle – Top Realtor
      • What Clients Think
      • Press & Media
      • Q&A with Keith
      • Our Yelp Reviews
    • Vista Sotheby’s
    • Vista Sotheby’s Locations
    • Manhattan Beach CA Schools
    • Communities
  • Contact
  • Weekend Open Houses
  • Blog

Manhattan Beach Real Estate

Search Manhattan Beach Luxury Homes for Sale

Luxury Home Flips Alive and Well in Manhattan Beach

September 20, 2016 by Keith Kyle

By Keith Kyle1641-23rd-street-remodeled-kitchen

Although we’ve seen quite a slowdown in luxury home flips in Manhattan Beach, they are still out there and are still alive and well.  The reason for the slowdown is that the home prices for older, original condition homes has increased so much in the last two years that it’s been tougher for investors and flippers to find properties with a guaranteed return.  2014 and 2015 saw a number of luxury home flips in Manhattan Beach and many opportunities for 1641-23rd-st-manhattan-beachrehabbing and often expanding these original beach bungalows and many investors did very well.  While it’s slowed down the recent flip, listing and sale at 1641 23rd Street in East Manhattan Beach.  Purchased for $1,260,000 in November 2015, the reinvented (and expanded by about 400 feet it appears) home came on the market as a luxury flip for $1,799,000 in July of 2016.  While that price may have been a bit over valued, the recent price drop to $1,699,000 seems to have done it as it’s gone into escrow as of September 20th.  The sales price hasn’t been released but these are still big numbers for homes in the Liberty Village neighborhood of East Manhattan.

We're sorry, but we couldn't find MLS # SB16159529 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Filed Under: East Manhattan Beach, Liberty Village, Manhattan Beach, Single Family Homes Tagged With: home flips, luxury homes in manhattan beach, manhattan beach flipped homes, manhattan beach real estate

Manhattan Market Stats

View all Manhattan Beach Posts

Copyright © 2021 · AgentPress Pro on Genesis Framework · WordPress · Log in