2800 Ocean Dr, Manhattan Beach, CA 90266

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.