House for Sale, 2208 The Strand 90266

Description

2208 The Strand, Manhattan Beach 90266 STATUS: Active LIST PRICE: $12,995,000 Previous List Price: $13,875,000 From Highland Ave go west on Marine and right on Ocean Dr. 1 / 69 Recent: 04/09/2025 : PRC CHG : $13,875,000->$12,995,000 Map Realist 2.0 Assessor Map Listing has Supplements BED / BATH: 9/8,0,0,0 SQFT(src): 5,193 (A) PRICE PER SQFT: $2,502.41 LOT(src): 3,512/0.0806 (A) LEVELS: Three Or More GARAGE: 9/Detached YEAR BUILT(src): 1972 (ASR) PROP SUB TYPE: QUAD/D DOM / CDOM: 12/12 SLC: Standard PARCEL #: 4177028011 LISTING ID: SB25029528 Glide Offer DESCRIPTION Introducing 2208 The Strand, a rare and extraordinary trophy income property in the heart of Manhattan Beach. This fully renovated four-unit building offers an unparalleled opportunity to own a piece of Southern California's most coveted coastline at an incredible value-less than $3.3M per unit, with a pro forma 5.50% cap rate and $1.1M in projected GSI. Whether you're looking for a prime buy-and-hold investment, a personal beachfront retreat, or a way to maximize income through short-term rentals (permitted in the Coastal Zone), this property offers endless possibilities. Spanning 5,193 sq. ft., the building features four spacious units, including three 2-bedroom, 2-bath units and one 3-bedroom, 2-bath unit. Each unit is designed for luxury and privacy, occupying its own floor with no shared walls and boasting breathtaking ocean views from Palos Verdes to Malibu. The modern coastal aesthetic is highlighted by smooth-coat stucco exteriors and Fleetwood glass doors, seamlessly blending sleek design with the natural beauty of the Pacific. In addition to its stunning interiors and views, the property offers nine garage parking spaces and on-site laundry facilities, adding convenience for residents and tenants. Perfectly situated just steps from the beach, downtown Manhattan Beach, and the vibrant amenities of North Manhattan, this location offers the ultimate coastal lifestyle. Whether you choose to live in the owner's unit and rent the others or maximize returns with short-term and long-term leasing strategies, this is a once-in-a-lifetime chance to own a premier multi-unit property on The Strand. Don't miss this exceptional investment opportunity-contact us today.