2208 The Strand - Apartments FOR SALE


Manhattan Beach, CA 90266
$13,875,000 USD
310-265-3428
2208 The Strand, Manhattan Beach, CA for Sale
$13,875,000 USD
Apartments - FOR SALE
1/66
null | 3.38% Cap Rate

2208 The Strand
Manhattan Beach, CA 90266


OVERVIEW

Introducing 2208 The Strand, a rare and extraordinary trophy income property in the heart of Manhattan Beach. This fully renovated four-unit building offers an unparalleled opportunity to own a piece of Southern California’s most coveted coastline at an incredible value—less than $3.5M per unit, with a current 3.58% cap rate, and a pro forma 5.19% cap rate and $1.1M in projected GSI. Whether you're looking for a prime buy-and-hold investment, a personal beachfront retreat, or a way to maximize income through short-term rentals (permitted in the Coastal Zone), this property offers endless possibilities. Spanning 5,193 sq. ft., the building features four spacious units, including three 2-bedroom, 2-bath units and one 3-bedroom, 2-bath unit. Each unit is designed for luxury and privacy, occupying its own floor with no shared walls and boasting breathtaking ocean views from Palos Verdes to Malibu. The modern coastal aesthetic is highlighted by smooth-coat stucco exteriors and Fleetwood glass doors, seamlessly blending sleek design with the natural beauty of the Pacific. In addition to its stunning interiors and views, the property offers nine garage parking spaces and on-site laundry facilities, adding convenience for residents and tenants. Perfectly situated just steps from the beach, downtown Manhattan Beach, and the vibrant amenities of North Manhattan, this location offers the ultimate coastal lifestyle. Whether you choose to live in the owner’s unit and rent the others or maximize returns with short-term and long-term leasing strategies, this is a once-in-a-lifetime chance to own a premier multi-unit property on The Strand. Don’t miss this exceptional investment opportunity—contact us today.

FOR SALE DETAILS

PRICE

$13,875,000 USD

PRICE/SF

$2,672 USD /SF

# OF UNITS

4

PRICE/UNIT

$3,468,750

CAP RATE

3.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1972

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,169 SF

ZONING

-

APN/PARCEL ID

4177-028-010,4177-028-011

ASK ABOUT THIS PROPERTY

Shawn DuganStrand Hill PropertiesMore Info
310-265-3428

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Shawn DuganStrand Hill PropertiesMore Info
310-265-3428

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.