121 28th Street Manhattan Beach, CA 90266-2016

4,999,000

RARE FULL RH LOT IN THE SAND SECTION, IN ONE FAMILY SINCE 1926.Fewer than 1 in 10 RH-zoned parcels between Marine and Rosecrans still hold a single-family home on a full-size lot. Most have already been built out as multifamily, and current state housing law generally prevents replacing those units with a single home.This full 30 x 90 lot, one block from the beach, gives you three ways to win, with plenty of future upside!MOVE IN: the remodeled 1926 bungalow offers 2 bedrooms, 2 baths, central air, quartz counters, a covered front porch with an ocean view down 28th St, a rear deck, and a detached 2-car garage with rear access off 28th Pl. Are you a golfer? This home is a hole in one, with a charming putting green and a patio to grill!HOLD IT: an investment property in the Coastal Zone, where short-term rentals are currently allowed with a City business license and transient occupancy tax.BUILD IT: a true development opportunity. Explore a new single-family home or up to three units, subject to City and Coastal review. Broker analysis indicates approximately 4,585 SF of living area may be possible over three stories under current zoning, plus certain garage and below-grade basement area.Sold as-is. Buyer to independently verify lot size, zoning, buildable area, unit potential, Coastal and short-term rental requirements, and all parcel data.

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