tomo logo

$10,849,000

Beds
5
Baths
4.25
sq ft
4,354

4308 The Strand, Manhattan Beach, CA 90266

4308 The Strand

Manhattan Beach, CA 90266

  • 184 days on market
    • Price drop $651,000↓
Outstanding Amenities, Fantastic Income Potential... Amazing Opportunity!! Explore the versatile options of this stunning property, which can function as either a single-family residence or a duplex. The home has a prime location, ample space, and breathtaking ocean views. - The single-family home features a well-thought-out layout with 4 bedrooms, each with a walk-in closet, and 3 bathrooms all on one level. It also includes a 2-stop state-of-the-art vacuum elevator, a spacious fully equipped laundry room, a professional kitchen, 3 fireplaces, a 3-car garage with built-in storage, and a private downstairs suite perfect for hosting guests. The custom design with high ceilings and large windows provides ocean views from nearly every room in the house. - Alternatively, the property can be used as a duplex, taking advantage of the city's unique approval for short-term leasing in this limited area. The duplex configuration would consist of a 4-bedroom, 3.5-bathroom unit and a 1-bedroom, 1-bathroom unit, each offering its own luxurious living space, open kitchen, and an ocean-view patio. - Additional life-enhancing amenities include 2 on-site guest parking spaces, a capacious storage room, solar panels and underground utility lines that are both paid for in full. - Considering the multitude of reasons, both personal and financial, selecting this residence is undeniably the perfect choice.

Details

Property type

Single Family Residence

Est. home value

$10,402,117

Property condition

Updated/Remodeled

Lot size

3,494 sq ft

Price per sq ft

$2,492

Year built

2000

Price History

09/05/2024
CRMLS

CRMLS #SB24091798

Price change
$10,849,000
-5.66%
05/08/2024
CRMLS

CRMLS #SB24091798

Listed
$11,500,000
-8%
02/05/2024
CRMLS

CRMLS #SB23182015

Removed
$12,500,000

Schools & Community

Elementary school: 

Grand View

Middle school: 

Manhattan Beach

High school: 

Mira Costa

Community features: 

Street Lights

High school district: 

Manhattan Unified

Number of units in community: 

1

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Republic Bank

Loan start date

July 1998

Original loan amount

$995,000

Est. remaining balance

Not provided

Interest rate

7.07%

Loan type

Building or Construction Loan

Seller

Gary L Wells and Cindi Wells

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/08/2024 at 6:20 AM

Listing updated: 09/30/2024 at 9:12 AM

Listed by: Molly Graw, Pacifica Properties Group, Inc. Phone #: (310) 374-0303

MLS: CRMLS #SB24091798

CRMLS logo

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