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$ 12,995,000
Est. payment | /mo
9 Beds
8 Baths
$ 12,995,000
Est. payment | /mo
9 Beds
8 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25029527
Bedrooms 9
Property Sub-Type Res Income 2-4 Units
Property 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 Californias most coveted coastline at an incredible valueless 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 owners 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 prop
Location
State CA
County Los Angeles
Zoning Assessor
Direction From Highland Ave go west on Marine and right on Ocean Dr.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 4
Level or Stories 4
Others
Tax ID 4177028011
Virtual Tour https://www.2208TheStrand.com
Listed by Shawn Dugan Strand Hill Properties
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