Est. cap rate

0.3%

Assumed rent, all units

$13,960/mo

Units

4

Price per unit

$6,250,000

Est. annual NOI

$83,760

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

5,967 sqft

Lot size

4,979 sqft

Year built

1922

Stories

2

Garage spaces

2

Style

Traditional

Heating

Central

Cooling

Central Air

Pool

None

View

Coastline,Ocean,Pier,Catalina,Bay,White Water,City Lights,Water,Panoramic

Status

Active

Days on market

169

MLS #

240754817

About this property

Commanding one of the most prominent corner positions on The Strand, 1000 The Strand is a rare multi-generational legacy coastal compound, completely remodeled in 2020, spanning approximately 6,000 square feet on an oversized, elevated lot along the coveted south-facing stretch of Manhattan Beach's most prestigious coastline. With sweeping Pacific Ocean views and a privileged vantage above the boardwalk, the residence offers a level of presence and architectural scale seldom found along this celebrated shoreline. A spectacular 400-square-foot oceanfront terrace overlooks the Pacific and the iconic Manhattan Beach Pier, serving as the home's signature gathering space. From this elevated vantage point, owners enjoy uninterrupted sunsets and a front-row seat to Manhattan Beach's most iconic coastal moments, including world-class AVP volleyball tournaments and the beloved December fireworks display. Positioned along The Strand and a short stroll to downtown Manhattan Beach, the property offers effortless access to boutique shopping, acclaimed restaurants, cafes, and the vibrant lifestyle that has made Manhattan Beach one of Southern California's most desirable beach communities.Rarely do properties of this scale and positioning come to market along The Strand. 1000 The Strand represents a true trophy estate and an opportunity to secure one of Manhattan Beach's most exceptional oceanfront residences.

Location

1000 The Strand

Manhattan Beach, Los Angeles, CA, 90266