Listed by Robert Schumann with Real Estate West, Inc.

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
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:
SB22256236
Listed:
1/26/23
Updated:
3/30/23
RE/MAX Estate Properties
Cecily Lee
Office: (310) 990-4857Email: cecilyalee@outlook.com

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area, Laundry Room
Cooling
None

Exterior/Building Features

Lot Size
9,334 ft² lot
Architectural Style
Modern
Lot Details
Sprinklers None
Roof
Rolled/Hot Mop, Tar/Gravel
Sewer
Public Sewer

Other Property Details

Area Name
142 - Manhattan Bch Sand
Association Amenities
Other
Garage
Yes
Garage Spaces
18
Parking
Assigned, Driveway, Garage, Community Structure, Tandem
Parking Total
18.0
View
Y
County
Los Angeles
Utilities
Cable Available, Natural Gas Available, Sewer Connected
Water Source
Public
Pool
No
Pool Description
None
Total Stories
3
Buyer Agency Compensation
3.000

Property History

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

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/30/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/30/23 at 9:06 AM UTC

RE/MAX Estate Properties
Cecily Lee
Office: (310) 990-4857Email: cecilyalee@outlook.com
Contact