The latest sale on the beachfront Strand market in Manhattan Beach was definitely a project. It was in the middle of a pretty major remodel and it’s also somewhat challenged with the location as it’s steps to downtown so it’s a fairly congested area. Having said that views of the pier are spectacular.
This most recent sale was a rare condo so the price point was certainly very different from the single family and duplex properties on The Strand. 1144 The Strand #B closed at $3,500,000 after coming on the market in late 2020 for $4,500,000. The seller’s willingness to come down on price certainly played a role in getting it sold. It was a very large condo with almost 2,500 square feet and 3 bed/2 bath. The biggest challenge was that it had been undergoing a major renovation when put on the market so it was basically a construction site which eliminated any traditional financing and took a buyer with a lot of vision. See all of the beachfront homes for sale on The Strand in Manhattan Beach.
1144 The Strand #B, Manhattan Beach CA 90266 – Sold at $3,500,000
Listing courtesy of Bryn Stroyke – Bayside