Manhattan Beach, CA 90266,2800 Ocean DR
Manhattan Beach, CA 90266,2800 Ocean DR
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$3,200,000

$3,200,000

Est.Price: ?

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Est. payment /mo

3 Beds

4 Baths

2,181 SqFt


SOLD DATE : 11/08/2024

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

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California Regional MLS (CRMLS)
Listed by Ashley Anderson • eXp Realty of California Inc • 310-435-6633
Bought with Ashley Anderson • eXp Realty of California Inc
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2214 Faraday Ave, Carlsbad, Ca, 92008

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