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1812 Ocean Drive — Manhattan Beach — 2 Beds • 1 Bath • 690 Sq Ft | Belmont Brokerage | Belmont Brokerage

Pending

+27 more

$3,999,900

61 DOM

$5,797/sqft2 bd1 ba690 sqft

Call

1812 Ocean Dr Manhattan Beach, CA 90266

1,350sqft lot

Rare Generational Gem: 1812 Ocean Drive, Manhattan Beach – First Time on Market Since 1941! Steps to the Sand, Endless Potential Awaits Seize this once-in-a-lifetime chance to own a piece of Manhattan Beach history—Just steps to the strand and the beach, and just a few effortless blocks to the buzz of downtown’s world-class dining, shopping, and iconic pier vibe. This legal non-conforming half-lot corner property (18th Place & Ocean Drive) in the elevated part of the Sand Section delivers prime location, underground utilities, and Pacific Ocean views stretching from Palos Verdes to Malibu sunsets. Currently an adorable single-story 2-bedroom, 1-bath upstairs residence (~690 sq ft BTV) with a spacious 3-car garage below offering plenty of parking. But the real prize? Unlimited potential to remodel or tear down and craft your ultimate 3-story dream home—maximizing those panoramic ocean vistas, beach proximity, and coastal luxury living. • Prime Sand Section location – Elevated, walkable to the sand, downtown Manhattan Beach, top-rated schools, and quick hops to LAX & the 405. • Development dream – Build a custom SFR with ocean views from multiple levels; corner lot advantages for light, air, and privacy. • Lifestyle perfection – Wake up to the sound of waves, catch golden-hour sunsets from your future balcony, and enjoy effortless beachside living. This isn’t just a house—it’s a legacy opportunity in one of Southern California’s most coveted beach communities. Properties like this rarely come available, especially with such pedigree and potential. This property sits within the elevated part of the Sand Section complete with underground utilities. Effortless access to LAX and the 405 freeway. Don’t miss your shot at Manhattan Beach royalty. Opportunities this extraordinary vanish fast!

MLS SB26030894

310-753-8026 (Office) 310-529-9580 (Cell) mathew.waxman@gmail.com

Est. payment

$25,560/mo

Principal & interestTaxesInsurance

$20,226$4,167$1,167

Down %

Rate %

Years

Down payment: $799,980 · Total cost: $8,081,222

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$25,560/mo

Principal & interest: $20,226
Est. property tax: $4,167
Est. insurance: $1,167
Down payment: $799,980

Est. gross rent$16,666/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-8,894/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Price History

Event	Date	Price	Change
Listed	Feb 10, 2026	$4,195,000	—

Facts & Features

Transaction Data

▼Price Reduced from $4,195,000 (−$195,100)

Structure & Property

Year Built1948

Garage Spaces3

310-753-8026 (Office) 310-529-9580 (Cell) mathew.waxman@gmail.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

1812 Ocean Drive, Manhattan Beach, CA 90266

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Call

1812 Ocean Dr Manhattan Beach, CA 90266

About this home

Matt Waxman

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Matt Waxman

Sale & Tax History

No Recent Sales History

Location

Location

Listing Agent

Presented by Belmont Brokerage Inc.

1812 Ocean Drive, Manhattan Beach, CA 90266

About This Property

Property Photos

1812 Ocean Dr Manhattan Beach, CA 90266

About this home

Matt Waxman

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Matt Waxman

Sale & Tax History

No Recent Sales History

Location

Location

Listing Agent

Presented by Belmont Brokerage Inc.