2208 The Strand Manhattan Beach, CA 90266

$8,250,000 Sold Price as of 07/06/2018

9 Beds
8 Baths
5,193 Sq.Ft.

Off Market

$8,250,000 Sold Price as of 07/06/2018 Refinance Your Mortgage

Property Overview: 2208 The Strand Manhattan Beach, CA has 9 bedrooms, 8 bathrooms, 5,193 living square feet and 3,512 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

2208 The Strand is currently an off market home in the city of Manhattan Beach. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Manhattan Beach has a median list price of $4,295,000. The median price per/sqft for Manhattan Beach is $1,492. With those numbers in mind, if you are looking to purchase a median priced home in Manhattan Beach, CA and put 20% down you will need to save up $859,000 for the down payment and will need roughly $85,900 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Manhattan Beach the commission could be as much as $117,488. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 2208 The Strand

Last leased for $8,995 on October 1st, 2019

November, 2023
Nov 21, 2023

Date

Expired

CRMLS: SB23083650

$14,350,000

Price
May 25, 2023

Date

Active

CRMLS: SB23083650

$14,350,000

Price
Listing provided courtesy of CRMLS

Introducing 2208 The Strand, an extraordinary trophy income property nestled in the heart of Manhattan Beach. This remarkable four-unit building presents a rare opportunity to own a slice of coastal paradise on one of Southern California's most coveted coastlines, at approximately $3.5M per unit. Spanning a combined 5,193 sq. ft., this beachfront Strand property offers a total of 9 beds and 8 baths across its 3 x 2-bed, 2-bath units and 1 x 3-bed, 2-bath unit. With complete interior and exterior rehabilitation, this property exemplifies luxury living. Each unit boasts panoramic ocean views, allowing residents to soak in the beauty of the Pacific from Palos Verdes to Malibu. With each unit occupying its own floor and no shared walls, privacy and tranquility are assured. The sleek design features smooth coat stucco and Fleetwood glass doors, seamlessly merging contemporary style with the coastal ambiance. In addition to the stunning interiors, the property offers 9 garage parking spaces and laundry facilities, ensuring convenience for residents. The current gross rents of $36,529 per month or $438,348 per year demonstrate the lucrative rental potential of this prime Strand property, with a 33 GRM and pro-forma upside to an impressive 23 GRM and 3.00% cap rate. This centrally located property offers a wealth of options. Whether you choose to live in the owner's unit and rent out the others or maximize the rental income throughout the entire building, this versatile investment provides endless possibilities. Situated within easy access to the beach, downtown Manhattan Beach, and the amenities of North Manhattan, residents can savor the best of coastal living. Don't miss this once-in-a-lifetime opportunity to own a coveted multi-unit building on The Strand. Seller may consider financing at a low 3.95% interest rate. Contact us today to seize this unparalleled investment opportunity. For those potentially interested in building a portfolio of Strand investment properties, the seller would also consider this property as part of a larger Strand acquisition, consisting of additional properties not yet on the market.

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November, 2023
Nov 21, 2023

Date

Expired

CRMLS: SB23091731

$14,350,000

Price
May 25, 2023

Date

Active

CRMLS: SB23091731

$14,350,000

Price
Listing provided courtesy of CRMLS

Introducing 2208 The Strand, an extraordinary trophy income property nestled in the heart of Manhattan Beach. This remarkable four-unit building presents a rare opportunity to own a slice of coastal paradise on one of Southern California's most coveted coastlines, at approximately $3.5M per unit. Spanning a combined 5,193 sq. ft., this beachfront Strand property offers a total of 9 beds and 8 baths across its 3 x 2-bed, 2-bath units and 1 x 3-bed, 2-bath unit. With complete interior and exterior rehabilitation, this property exemplifies luxury living. Each unit boasts panoramic ocean views, allowing residents to soak in the beauty of the Pacific from Palos Verdes to Malibu. With each unit occupying its own floor and no shared walls, privacy and tranquility are assured. The sleek design features smooth coat stucco and Fleetwood glass doors, seamlessly merging contemporary style with the coastal ambiance. In addition to the stunning interiors, the property offers 9 garage parking spaces and laundry facilities, ensuring convenience for residents. The current gross rents of $36,529 per month or $438,348 per year demonstrate the lucrative rental potential of this prime Strand property, with a 33 GRM and pro-forma upside to an impressive 23 GRM and 3.00% cap rate. This centrally located property offers a wealth of options. Whether you choose to live in the owner's unit and rent out the others or maximize the rental income throughout the entire building, this versatile investment provides endless possibilities. Situated within easy access to the beach, downtown Manhattan Beach, and the amenities of North Manhattan, residents can savor the best of coastal living. Don't miss this once-in-a-lifetime opportunity to own a coveted multi-unit building on The Strand. Seller may consider financing at a low 3.95% interest rate. Contact us today to seize this unparalleled investment opportunity. Inquire for Offering Memorandum. For those potentially interested in building a portfolio of Strand investment properties, the seller would also consider this property as part of a larger Strand acquisition, consisting of additional properties not yet on the market.

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May, 2020
May 5, 2020

Date

Leased

CRMLS: SB19168608

$8,995

Price
Sep 26, 2019

Date

Pending

CRMLS: SB19168608

$8,895

Price
Aug 23, 2019

Date

Price Change

CRMLS: SB19168608

$8,895

Price
Aug 1, 2019

Date

Price Change

CRMLS: SB19168608

$9,895

Price
Jul 16, 2019

Date

Active

CRMLS: SB19168608

$10,900

Price
Listing provided courtesy of CRMLS

INCREDIBLE TAKE YOUR BREATH AWAY VIEWS-Live the dream and experience beach living on the Manhattan Beach Strand! 3 bed, 2 bath brand new ocean front unit with incredible ocean front views, each unit has their own floor! Bask in the ocean breezes on private patio and decks with custom Fleetwood slide away glass doors, welcoming the BREATH-TAKING world class ocean views from prime Manhattan Beach strand into your new home. Completely BRAND NEW remodeled smart-wired unit with new slate appliances, lighting & fixtures, windows, plumbing, floors, quartz fireplace and countertops, custom cabinetry, etc, parking & laundry onsite! Long term PREFERRED, but min 30 days (and can be furnished and all utilities included for $2000 added to all of the rate for longer term lease) Also available: 2bed, 2 ba #B available FURNISHED $9750 -Includes all utilities, wifi, cable, parking, laundry onsite-just bring your toothbrush

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October, 2019
Oct 1, 2019

Date

Leased

CRMLS: SB19076659

$8,750

Price
Sep 26, 2019

Date

Pending

CRMLS: SB19076659

$8,750

Price
Aug 23, 2019

Date

Price Change

CRMLS: SB19076659

$8,750

Price
Aug 1, 2019

Date

Price Change

CRMLS: SB19076659

$9,750

Price
Jun 6, 2019

Date

Price Change

CRMLS: SB19076659

$10,750

Price
Jun 4, 2019

Date

Price Change

CRMLS: SB19076659

$12,750

Price
May 5, 2019

Date

Price Change

CRMLS: SB19076659

$10,990

Price
Apr 5, 2019

Date

Active

CRMLS: SB19076659

$4,995

Price
Listing provided courtesy of CRMLS

INCREDIBLE TAKE YOUR BREATH AWAY VIEWS-Live the dream and experience beach living on the Manhattan Beach Strand! BEAUTIFULLY FURNISHED AND AMENITIZED 2 bed, 2 bath brand new ocean front unit with incredible ocean front views, each unit has their own floor! Bask in the ocean breezes on private patio and decks with custom Fleetwood slide away glass doors, welcoming the BREATH-TAKING world class ocean views from prime Manhattan Beach strand into your new home. Completely BRAND NEW remodeled smart-wired unit with new slate appliances, lighting & fixtures, windows, plumbing, floors, quartz fireplace and countertops, custom cabinetry, etc, parking & laundry onsite! Includes ALL utilities, wifi, cable, electric, gas, trash, water, sewer and parking, laundry onsite-just bring your toothbrush. Long term PREFERRED, but min 30 days. 3bd, 2 ba #C also AVAILABLE now: huge, unfurnished 3+2 brand new for $9,895

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June, 2019
Jun 14, 2019

Date

Expired

CRMLS: SB19139974

$10,900

Price
Jun 13, 2019

Date

Active

CRMLS: SB19139974

$10,900

Price
Listing provided courtesy of CRMLS

Completely brand NEW LUXURY Large 3 bedroom, 2 bathroom with 35' of OCEAN FRONTAGE, smart-wired unit with new slate appliances, lighting & fixtures, windows, plumbing, floors, quartz fireplaces and countertops, custom cabinetry, etc, incredible large private deck, parking & laundry onsite! Bask in the ocean breezes with custom Fleetwood slide away glass doors, welcoming ocean views from prime Manhattan Beach strand into your new home. Currently vacant and can be brand newly custom furnished and fully amenitzed including WiFi, cable, utilities.

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July, 2018
Jul 7, 2018

Date

Sold

CRMLS: SB18014991

$8,250,000

Price
Jun 2, 2018

Date

Pending

CRMLS: SB18014991

$9,750,000

Price
Mar 27, 2018

Date

Price Change

CRMLS: SB18014991

$9,750,000

Price
Jan 24, 2018

Date

Active

CRMLS: SB18014991

$10,500,000

Price
Listing provided courtesy of CRMLS

This is THE STRAND income property *HOLD or BUILD* opportunity you've been waiting for! On what is arguably the most coveted beach front street in Southern California, you'll enjoy unprecedented appreciation with 100% year round tenancy! You can invest in capital improvements immediately (possibly significantly increase the finished square footage on the 3rd and 4th levels) and can always Build your Dream Home in the future! The existing 4 unit property has a combined 5193 interior sq ft with (3) 2 Bed, 2 Bath units and (1) 3 Bed, 2 Bath unit. Totaling 9 beds, 8 baths, and 9 covered parking spaces, this beachfront STRAND property will be rented year round at top of market rents! Current Gross rents $18,530/mo or $216,800/yr.

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July, 2018
Jul 7, 2018

Date

Sold

CRMLS: SB18022233

$8,250,000

Price
Jun 2, 2018

Date

Pending

CRMLS: SB18022233

$9,750,000

Price
Mar 27, 2018

Date

Price Change

CRMLS: SB18022233

$9,750,000

Price
Jan 30, 2018

Date

Active

CRMLS: SB18022233

$10,500,000

Price
Listing provided courtesy of CRMLS

This is THE STRAND income property *HOLD or BUILD* opportunity you've been waiting for! On what is arguably the most coveted beach front street in Southern California, you'll enjoy unprecedented appreciation with 100% year round tenancy! You can invest in capital improvements immediately (possibly significantly increase the finished square footage on the 3rd and 4th levels) and can always Build your Dream Home in the future! The existing 4 unit property has a combined 5193 interior sq ft with (3) 2 Bed, 2 Bath units and (1) 3 Bed, 2 Bath unit. Totaling 9 beds, 8 baths, and 9 covered parking spaces, this beachfront STRAND property will be rented year round at top of market rents! Current Gross rents $18,530/mo or $216,800/yr.

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July, 2018
Jul 6, 2018

Date

Sold (Public Records)

Public Records

$8,250,000

Price
June, 2018
Jun 4, 2018

Date

Canceled

CRMLS: SB18117473

$5,500

Price
May 29, 2018

Date

Price Change

CRMLS: SB18117473

$5,500

Price
May 18, 2018

Date

Active

CRMLS: SB18117473

$5,800

Price
Listing provided courtesy of CRMLS

• Rear Upper Unit in 4 unit bldg on The Strand • Ocean View from Living Room and Large Balcony • 3 bed, 1 ¾ baths • Light & Bright • Hardwood floors • Open kitchen with granite counters • Stainless dishwasher, stove/oven with microwave & Refrigerator • Beautiful wood kitchen cabinets • Open beam ceiling • Custom lighting • Fireplace • Big sliding glass door that leads to large deck • Coin op laundry in carport area • 2 tandem parking spaces • One year lease • No pets • Owner pays water and trash

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April, 1999
Apr 27, 1999

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 2208 The Strand

Assessed Value (2020): $8,416,400

Year	Land Value	Improved Value	Assessed Value
2020	$8,313,000	$103,400	$8,416,400

About 2208 The Strand

Detailed summary of property

2208 The Strand is categorized with a use code of Quadruplex (4 Units, Any Combination) in Manhattan Beach, CA 90266 and last sold on July 6, 2018 for $8,250,000. This property has 9 bedrooms, 8 bathrooms, roughly 5,193 living square feet, and sits on an approximately 3,512 square foot lot. Homes in Manhattan Beach are selling for a median price of $2,349,750 and a median price per square foot of $1,284. Based on Ardent Real Estate Group's Manhattan Beach Market Data, this home is sold 251.1% higher than the current median priced home. 2208 The Strand was last sold on July 6, 2018 for $8,250,000. The average home in Manhattan Beach, CA is selling in 104 days. There are currently 92 homes for sale in the Manhattan Beach real estate market and 78 of them are single family homes while 0 of them are condos and 14 are townhomes. If you are the homeowner and looking to sell the home at 2208 The Strand Manhattan Beach, CA 90266 contact Ardent Real Estate Group and we will put you in touch with one of our Manhattan Beach agents.

Public Facts for 2208 The Strand

Public county record property details

Beds: 9
Baths: 8
Year built: 1972
Sq. Ft.: 5,193
Lot Size: 3,512
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 8
APN: 4177-028-011

The source for these homes facts are from public records.

90266 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$4,295,000

Median List Price/Sq.Ft.

$1,492

Median Sold Price

$2,349,750

Median Sold Price/Sq.Ft.

$1,284

Total Inventory

Median Sale to List Price %

94.37%

Avg Days on Market

Loan Type

Conventional (30%), FHA (0%), VA (0%), Cash (40%), Other (30%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message

(714) 706-1823

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote