232 29th Street, Manhattan Beach, California 90266, Manhattan Beach, 90266 - bed, bath

232 29th Street, Manhattan Beach, California 90266 home-pic-0
ACTIVE UNDER CONTRACT$3,995,000
232 29th Street, Manhattan Beach, California 90266
0Bed
0Bath
4,195Sqft
2,698Lot
Year Built
1957
Close
-
List price
$4M
Original List price
$4.38M
Price/Sqft
$952
HOA
-
Days on market
-
Sold On
-
MLS number
SB25111168
Home ConditionPoor
Features
Excellent View:
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $4.00M(82th), sqft - 4195(91th), beds - undefined(50th), baths - undefined(50th).

232 29th Street is a rare triplex opportunity located on a highly coveted walkstreet on a full street-to-alley lot in the heart of Manhattan Beach. Just steps from the Strand and the 30th Street lifeguard tower—and only two blocks from Bruce’s Beach—this pride-of-ownership property blends timeless coastal charm with exceptional owner-user flexibility. The building features an ideal unit mix of (3) spacious 2-bedroom, 2-bathroom units—perfect for an owner-occupant or value-add investor. The owner’s unit showcases high ceilings and a private upstairs balcony that opens directly onto the walkstreet, creating a true indoor-outdoor beachside living experience. There is also ample parking with a large 4-car garage and 2 additional carport spaces. Residents enjoy access to private rooftop areas with panoramic ocean views stretching from Palos Verdes to Malibu—an elevated amenity that enhances both lifestyle and long-term value. Further enhancing the investment potential, the property is located in the Coastal Zone, allowing for the possibility of short-term rental use—ideal for maximizing income in a premier beachside location. With its unbeatable location, versatile layout, and incredible views, 232 29th Street presents a rare opportunity to own a prime piece of Manhattan Beach just steps from the sand.

Nearby schools

9/10
Grand View Elementary School
Public,K-50.2mi
9/10
Opal Robinson Elementary School
Public,K-51.4mi
10/10
Hermosa View Elementary School
Public,K-32.3mi
9/10
Manhattan Beach Middle School
Public,6-81.9mi
8/10
Hermosa Valley Elementary School
Public,4-82.3mi
9/10
Mira Costa High School
Public,9-122.2mi

Price History

Date
Event
Price
08/12/25
Price Change
$3,995,000
05/19/25
Listing
$4,375,000
Condition Rating
Poor

Built in 1957, the property's interior, particularly the kitchen shown in the images, is severely outdated with dark wood cabinets, old tile backsplash, and worn carpet, suggesting renovations that are 30-50+ years old or original features. The property analysis explicitly notes the age and potential need for 'significant capital expenditure for system upgrades (e.g., plumbing, electrical) or modernization across all units.' While the exterior and location are desirable, the interior condition requires substantial rehabilitation to meet contemporary standards, aligning with the 'poor' classification.
Pros & Cons

Pros

Great Schools: Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
Prime Coastal Location: Situated on a highly coveted walkstreet in the heart of Manhattan Beach, just steps from The Strand, 30th Street lifeguard tower, and Bruce’s Beach, offering unparalleled beach access and lifestyle.
Panoramic Ocean Views & Rooftop Access: Residents enjoy private rooftop areas with panoramic ocean views stretching from Palos Verdes to Malibu, a premium amenity significantly enhancing value and appeal.
Triplex Income Potential & Flexibility: A rare triplex opportunity with three spacious 2-bedroom, 2-bathroom units, ideal for an owner-occupant, investor, or maximizing income through short-term rentals due to its Coastal Zone location.
Ample Parking: Features a large 4-car garage and 2 additional carport spaces, providing significant and highly desirable parking capacity in a dense beach community.
Desirable Unit Mix: The ideal unit mix of three spacious 2-bedroom, 2-bathroom units caters to a broad tenant base and offers excellent rental income potential or owner-user flexibility.

Cons

Age of Property (1957): Built in 1957, the property, while having 'timeless coastal charm,' may require significant capital expenditure for system upgrades (e.g., plumbing, electrical) or modernization across all units to meet contemporary standards.
High Price Point & Recent Price Adjustment: The substantial list price of $3.995 million, following a reduction from an original $4.375 million, indicates a premium valuation that may require a specific buyer profile and suggests market sensitivity to the property's current offering.
Potential for Varied Unit Condition: The description highlights specific features of the 'owner’s unit' but does not detail the condition or level of updates in the other two units, implying potential for varying conditions and future renovation needs to achieve consistent modern standards and maximize rental income.

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