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Key Details
Sold Price $3,200,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,181 sqft
Price per Sqft $1,467
MLS Listing ID AR24231314
Sold Date 11/08/24
Style Detached
Bedrooms 3
Full Baths 3
Half Baths 1
Construction Status Fixer,Repairs Major,Under Construction
HOA Y/N No
Year Built 2019
Lot Size 1,200 Sqft
Acres 0.0275
Property Description
Just one block from the Strand in the desirable Sand Section, this corner lot offers developers and owner/users alike a rare chance to build a custom coastal dream home in one of Manhattan Beach's most sought-after neighborhoods. With Ocean Drives tranquility and proximity to the beach, this prime location is perfect for those seeking an unmatched lifestyle in an ideal setting. The propertys value lies in the land alone, presenting an incredible development potential for anyone looking to build in Manhattan Beach. Property is being sold "AS-IS" for land/development value only: The existing structure is approximately 50% completed, with construction halting in October 2021. All permits, including coastal permits, are expired and cannot be reinstated. Buyer will need to reapply for new permits and approvals from local officials and the coastal commission to move forward with possible development. Buyer must conduct all inspections and comprehensive due diligence, including verifying zoning, structural integrity, permits, insurance, and any other property matters. The property is being sold with no guarantees or warranties provided by the seller, agent, or broker. Buyer accepts all risks, including the possibility of demolition. A 1542 release will be requested from all parties involved in the sale. The construction came to a halt in October 2021 and the structure's wood has been exposed to the environmental elements as it was sitting for numerous years. A Wood Forensic Scientist Letter is available but does not guarantee the current condition of the wood or structure. Before
Just one block from the Strand in the desirable Sand Section, this corner lot offers developers and owner/users alike a rare chance to build a custom coastal dream home in one of Manhattan Beach's most sought-after neighborhoods. With Ocean Drives tranquility and proximity to the beach, this prime location is perfect for those seeking an unmatched lifestyle in an ideal setting. The propertys value lies in the land alone, presenting an incredible development potential for anyone looking to build in Manhattan Beach. Property is being sold "AS-IS" for land/development value only: The existing structure is approximately 50% completed, with construction halting in October 2021. All permits, including coastal permits, are expired and cannot be reinstated. Buyer will need to reapply for new permits and approvals from local officials and the coastal commission to move forward with possible development. Buyer must conduct all inspections and comprehensive due diligence, including verifying zoning, structural integrity, permits, insurance, and any other property matters. The property is being sold with no guarantees or warranties provided by the seller, agent, or broker. Buyer accepts all risks, including the possibility of demolition. A 1542 release will be requested from all parties involved in the sale. The construction came to a halt in October 2021 and the structure's wood has been exposed to the environmental elements as it was sitting for numerous years. A Wood Forensic Scientist Letter is available but does not guarantee the current condition of the wood or structure. Before reapplying for new permits, the buyer must obtain a wood rater report as required by the city. Title 9 may impact zoning as this was previously a duplex which was converted to a SFR and permitted as a SFR, however this was before Senate Bill 9 took place in 2021 which made it illegal to change the zoning of multifamily properties to SFR - Buyer should verify with the local government officials given permits are expired. The property has an outstanding mechanics lien. This unique opportunity offers substantial potential for the right buyer but requires thorough due diligence. Buyers are encouraged to carefully evaluate all aspects and requirements for 2800 Ocean Dr.
Location
State CA
County Los Angeles
Area Manhattan Beach (90266)
Zoning MNRH
Exterior
Garage Spaces 2.0
View Ocean, Water
Total Parking Spaces 2
Building
Lot Description Sidewalks
Story 4
Lot Size Range 1-3999 SF
Sewer Unknown
Water Other/Remarks
Level or Stories 3 Story
Construction Status Fixer,Repairs Major,Under Construction
Others
Monthly Total Fees $57
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscal.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Ashley Anderson • eXp Realty of California Inc