Incredible opportunity on the coveted Eastside of Manhattan Beach. Whether you’re a builder, developer, investor, or buyer looking to create a custom residence, this property offers exceptional potential on a full-sized 7,470 SF lot, just blocks from Mira Costa High School and Pennekamp Elementary.
The property currently supports three income streams; a main residence, a rear studio apartment, and an additional 1 Bed ADU, combining for $8,000/month in current gross rental income. The main residence features a 2,100 SF with 3 bedrooms and 3 bathrooms. Enjoy immediate cash flow while planning a renovation, expansion, or future redevelopment. Originally built in 1958, the main home retains its classic character and offers an excellent opportunity for renovation or reimagining. The detached guest house, complete with its own bathroom and separate laundry room, provides added flexibility for guests, extended family, or rental income. The expansive backyard offers ample space to entertain, garden, expand, or design your dream home. Ideally situated on a quiet interior street with convenient access to award-winning schools, Polliwog Park, shopping, dining, and the beach, opportunities to acquire a property of this size and potential in Manhattan Beach are increasingly rare. Buyers are encouraged to conduct their own investigations regarding the property. Total square footage is estimated.