Sq.Ft. Lot9,334
Year1952
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Status:
Active
Property Type:Mixed Use
MLS #:SB22256236
On Site:64 Days
Lot Size:9,334 Sq. Ft.
County:Los Angeles
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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.
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Price Change History
| Date | Old Price | New Price | Percent Change |
| 3/23/2023 | $29,000,000 | $28,900,000 | -0.3% |
Community Information
Address:3608 The Strand, Manhattan Beach, CA 90266
County:Los Angeles
City:Manhattan Beach
Zip Code:90266
Architecture
Year Built:1952
Stories:1
Style:Modern
Construction Materials: Stucco
Building Area: 13620.0
Number of Buildings: 3
Total Units: 11
Stories Total: 3
Unit 1: 1 Unit • 2 Beds • 3 Baths • Unfurnished • $13,000 pro forma
Unit 2: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $5,500 pro forma
Unit 3: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $5,500 pro forma
Unit 4: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $5,500 pro forma
Unit 5: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $5,500 pro forma
Unit 6: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $4,500 pro forma
Unit 7: 1 Unit • 2 Beds • 2 Baths • Unfurnished • $3,550 actual rent • $3,550 total rent • $7,500 pro forma
Unit 8: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $4,500 pro forma
Unit 9: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $5,000 pro forma
Unit 10: 1 Unit • 2 Beds • 2 Baths • Unfurnished • $3,695 actual rent • $3,695 total rent • $9,000 pro forma
Unit 11: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $5,000 pro forma
Roof: Rolled/Hot Mop, Tar/Gravel
Garage Spaces: 18.0
Parking Features: Assigned, Driveway, Garage, Community Structure, Tandem
Parking Total: 18.0
Features / Amenities
Laundry: Common Area, Laundry Room
Direction Faces: West
Common Walls: 2+ Common Walls
Property Features
Lot Size:
0.21 Acres / 9,334 Sq. Ft.
Lot Dimensions:88.8 X 105
Lot Features: SprinklersNone
Waterfront: Beach Access, Ocean Access, Ocean Front
View: Coastline, Ocean, Water
Utilities: Cable Available, Natural Gas Available, Sewer Connected
Sewer: Public Sewer
Water: Public
Electric: ElectricityOnProperty
Fencing: Wood
Directions:HIGHLAND AVE TO 36TH STREET, WEST TO OCEAN DRIVE, TURN RIGHT TO 3608 THE STRAND
Tax and Financial Info
Current Financing: Conventional
Gross Income: $86,940
Gross Scheduled Income: $86,940
Net Operating Income: $86,901
Electric Expense: $1,344
Fuel Expense: $1,000
Insurance Expense: $36,349
Maintenance Expense: $1,729
New Taxes Expense: $348,000
Trash Expense: $4,590
Terms: Cash
Disclosures: CourtConfirmation, Principal is Real Estate Licensed, RentControl, TenantsInCommonDREWhite, TenantsInCommonDREPink
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3608 The Strand Manhattan Beach, CA 90266
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Based on information from California Regional Multiple Listing Service, Inc. as of March 31, 2023. 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, 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. IDX provided by Sierra Interactive.
Property Summary:
Home for sale at 3608 The Strand Manhattan Beach, CA 90266.
Description: The property at 3608 The Strand Manhattan Beach, CA 90266 in the subdivision with the MLS# SB22256236 is currently listed for $28,900,000 and has been on the market for 63 days.
Description: The property at 3608 The Strand Manhattan Beach, CA 90266 in the subdivision with the MLS# SB22256236 is currently listed for $28,900,000 and has been on the market for 63 days.
GeoCoordinates:
33.900058
-118.419325
-118.419325
Listing Price:
$28,900,000
You are viewing the CRMLS listing details of the home for sale at 3608 The Strand Manhattan Beach, CA 90266, which features 0 bedrooms and 0 bathrooms, and 0 sq.ft. of living area.
