Open House More Info

03-25 12:30PM-2:30PM

3608 The Strand Manhattan Beach, CA 90266

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$28,900,000

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16 Beds
15 Baths
13,620 sq. ft.
Multi-Family
MLS# SB22256236

3608 The Strand, Manhattan Beach, CA 90266

Listing provided courtesy of: Real Estate West, Inc. realestatewest@verizon.net

Open House More Info

03-25 12:30PM-2:30PM

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Views: 49 Days On Market: 57

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Property Details

Description Open Houses

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.

General Features
- Association Amenities Other
- Association Fee 0.00
- Buyer Compensation 3.000 %
- Community Features Sidewalks
- County Or Parish Los Angeles
- Number Of Buildings 3
- Number Of Separate Electric Meters 11
- Number Of Separate Gas Meters 11
- Number Of Separate Water Meters 0
- Number Of Units Total 11
- YearBuilt 1952
Building Features
- Architectural Style Modern
- Cooling None
- Laundry Features Community,Individual Room
- Levels One
Property Features
- Fencing Wood
- Lot Size Acres 0.21
- Lot Features Lot 6500-9999, Sprinklers None
- Pool Private Y/N 0
- Pool Features None
- View Error: ClassID in tblMLSFieldPropertyType is null.
- Waterfront Features Error: ClassID in tblMLSFieldPropertyType is null.
- Parking Total 18.00
- Lot Size Dimensions 88.8 X 105

Contact

Carla Hoffman

Global Real Estate Advisor

DRE# 01993942

916 Manhattan Ave

Mobile Phone: 310-386-0697

Neighborhood

90266 (Manhattan Beach) Demographics

43 Median Age

7,508 Population Density (per sq. mile)

81% College Educated

$153,926 Estimated Median Income

9,007 Estimated Total Home Owners

4,306 Estimated Total Renters

68% / 32% Estimated Owner / Renter Divide

3 Estimated Average Household Size

35,064 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$2,800,000 Median Sales Price

17 Homes Sold

35 New On Market

Average Days on Market

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source: Multiple Listing Service	New Value: $28,900,000
3/23/2023 5:17:27 PM	Price Reduced Source: Multiple Listing Service	New Value: $28,900,000	-0.34%
1/27/2023 4:34:00 PM	New in Database Source: Multiple Listing Service	New Value: $29,000,000

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* This payment calculator is intended for educational and planning purposes only.
** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Based on information from California Regional Multiple Listing Service, Inc. as of 3/25/2023 2:06:37 PM. 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.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.