229 El Porto Street, Manhattan Beach, California 90266, Manhattan Beach, 90266 - 4 bed, 2 bath
ACTIVE$2,279,000
229 El Porto Street, Manhattan Beach, California 90266
4Beds
2Baths
1,115Sqft
1,538Lot
Year Built
1931
Close
-
List price
$2.28M
Original List price
$2.28M
Price/Sqft
$2,044
HOA
-
Days on market
-
Sold On
-
MLS number
25606063
Home ConditionPoor
Features
Excellent View: Ocean
ViewOcean
About this home
Possibly Over-Priced:The estimated price is 15% below the list price. We found 4 Cons,6 Pros. Rank: price - $2.28M(11th), sqft - 1115(9th), beds - 4(50th), baths - 2(30th).
Steps from the sand, this duplex sits in the heart of Manhattan Beach's iconic El Porto neighborhood, a surfer's paradise known for its laid-back coastal energy and unbeatable beach access. The property includes two units: one with two bedrooms and one bathroom, and the other with one bedroom and one bathroom, offering flexibility for an owner-user or investor. Located just moments from the Manhattan Beach Pier, local shops, and some of the city's best restaurants, this property offers an incredible lifestyle in one of Southern California's most coveted coastal communities.
Nearby schools
9/10
Grand View Elementary School
Public,•K-5•0.7mi
9/10
Richmond Street Elementary School
Public,•K-5•1.5mi
8/10
El Segundo Middle School
Public,•6-8•1.5mi
9/10
Manhattan Beach Middle School
Public,•6-8•2.2mi
10/10
El Segundo High School
Public,•9-12•1.5mi
9/10
Mira Costa High School
Public,•9-12•2.7mi
Price History
Date
Event
Price
10/14/25
Listing
$2,279,000
03/11/98
Sold
$352,000
Condition Rating
Poor
Built in 1931, this property is nearly a century old. The listing explicitly states its 'Historic Property Age' and the need for 'significant updates to systems, infrastructure, and aesthetics.' The exterior images reveal a very dated structure with a worn roof and aged facade. Crucially, the absence of any interior images for the kitchen or bathrooms strongly suggests these areas are original or severely outdated, requiring substantial repairs and rehabilitation to meet current standards. The property's value is primarily in its prime location, not its current condition.
Pros & Cons
Pros
Great Schools: Elementary School: Richmond Street Elementary School (9/10). Middle School: Manhattan Beach Middle School (9/10). High School: El Segundo High School (10/10).
Unbeatable Coastal Location: Situated "steps from the sand" in Manhattan Beach's iconic El Porto neighborhood, this property offers unparalleled beach access and a highly sought-after coastal lifestyle, making it a prime location for beach enthusiasts.
Duplex Configuration & Income Potential: As a duplex with two distinct units (2-bed/1-bath and 1-bed/1-bath), the property provides excellent flexibility for an owner-user seeking rental income or a pure investor looking for a revenue-generating asset in a high-demand area.
Desirable Ocean Views: The property boasts desirable ocean views, enhancing its aesthetic appeal and contributing to the premium coastal living experience.
Vibrant Lifestyle & Amenities: Located moments from the Manhattan Beach Pier, local shops, and acclaimed restaurants, residents can enjoy a vibrant, walkable lifestyle with convenient access to the best of what this coveted community offers.
Excellent School District: The property is situated within a highly-rated school district, with multiple elementary, middle, and high schools boasting ratings of 9 or 10, a significant draw for families.
Cons
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1538, living area = 1115.
Historic Property Age: Built in 1931, the property is nearly a century old, which may imply the need for significant updates to systems, infrastructure, and aesthetics to meet modern standards and buyer expectations.
Limited Lot & Living Space: With a total square footage of 1115 sqft and a small lot size of 1538 sqft, the property offers limited living space and minimal outdoor area, which might be a constraint for some buyers, especially for a duplex.
Aggressive Pricing Strategy: The current listing price of $2.279 million is approximately 9% above the estimated property value of $2.063 million, suggesting an aggressive pricing strategy that may require justification or negotiation.