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Key Details
Sold Price $3,200,000
Property Type Single Family Home
Sub Type Single Family Residence
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
Bedrooms 3
Half Baths 1
Three Quarter Bath 3
Construction Status Fixer,Repairs Major,Under Construction
HOA Y/N No
Year Built 2019
Lot Size 1,197 Sqft
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 Drive's tranquility and proximity to the beach, this prime location is perfect for those seeking an unmatched lifestyle in an ideal setting. The property's 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 142 - Manhattan Bch Sand
Zoning MNRH
Rooms
Main Level Bedrooms 2
Interior
Interior Features Bedroom on Main Level, Main Level Primary, Primary Suite
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Park, Street Lights, Sidewalks
Waterfront Description Across the Road from Lake/Ocean
View Y/N Yes
View Ocean, Water
Attached Garage Yes
Total Parking Spaces 2
Private Pool No
Building
Lot Description Tear Down, Value In Land
Story 4
Entry Level Three Or More
Sewer Unknown
Water See Remarks
Level or Stories Three Or More
New Construction No
Construction Status Fixer,Repairs Major,Under Construction
Schools
School District Manhattan Unified
Others
Senior Community No
Tax ID 4176029011
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard, Trust
Lease Land No
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Bought with Ashley Anderson • eXp Realty of California Inc