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540 5th Place, Manhattan Beach, California 90266, Manhattan Beach, 90266 - 3 bed, 2 bath

540 5th Place, Manhattan Beach, California 90266 home-pic-0
ACTIVE$2,439,000
540 5th Place, Manhattan Beach, California 90266
3Beds
2Baths
1,300Sqft
1,452Lot
Year Built
2010
Close
-
List price
$2.44M
Original List price
$2.75M
Price/Sqft
$1,876
HOA
-
Days on market
-
Sold On
-
MLS number
SB24242069
Home ConditionGood
Features
Good View: Park/Greenbelt, Trees/Woods
Deck
Patio
ViewPark/Greenbelt, Trees/Woods

About this home

Possibly Over-Priced:The estimated price is 13% below the list price. We found 5 Cons,6 Pros. Rank: price - $2.44M(18th), sqft - 1300(14th), beds - 3(39th), baths - 2(30th).

PRICE REDUCED! This is an incredible opportunity to own one of the lowest priced single family home on the market in the exclusive sand section of Manhattan Beach!!!! This 1940's beach cottage has been beautifully remodeled and re-imagined in 2010 to combine it's old world charm with modern day amenities and conveniences. Featuring 3 bedrooms, 2 baths, hardwood floors, updated energy efficient windows throughout, laundry area and a huge 300 sq ft attic space with pull down ladder! The kitchen shines with stainless steel appliances, Corian countertops, a mosaic tile backsplash, a pantry area and a breakfast bar that opens to a spacious patio perfect for dining al fresco. The master bedroom offers vaulted ceilings and a private balcony overlooking the iconic greenbelt, perfect for enjoying the serene greenery and tree-top views. The exquisitely remodeled bathrooms showcase elegant mosaic and hexagon tilework. Situated on an oversized corner lot, ocean breezes and natural light fill the entire home while the open floorplan strikes the perfect balance of indoor-outdoor flow. Don't miss the newly painted/sealed side yard perfect for BBQ's and a large 400 sq ft crawl space under the house for storage! An attached garage and extra parking spot make this A+++ location even more convenient, with the beach, pier, award winning schools downtown, shops and restaurants all within walking distance. Available for the first time in over 40 years, don't let this one get away!

Nearby schools

9/10
Opal Robinson Elementary School
Public,•K-5•0.3mi
9/10
Grand View Elementary School
Public,•K-5•0.9mi
10/10
Hermosa View Elementary School
Public,•K-3•1.2mi
8/10
Hermosa Valley Elementary School
Public,•4-8•1.2mi
9/10
Manhattan Beach Middle School
Public,•6-8•1.3mi
9/10
Mira Costa High School
Public,•9-12•1.1mi

Price History

Date
Event
Price
06/24/25
Sold
$2,250,000
Condition Rating
Good
The property was extensively remodeled and re-imagined in 2010, which falls within the 5 to 15-year renovation window for a 'Good' rating. The kitchen features modern stainless steel appliances, Corian countertops, and a mosaic tile backsplash. Bathrooms are described as 'exquisitely remodeled' with elegant mosaic and hexagon tilework. Hardwood floors throughout and updated energy-efficient windows further contribute to a well-maintained, move-in ready condition with no immediate renovations required.
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 Sand Section Location: Unbeatable A+++ location within Manhattan Beach's exclusive Sand Section, offering walkability to the beach, pier, downtown shops, restaurants, and award-winning schools.
Extensive Modern Remodel: Beautifully re-imagined in 2010, the home blends old-world charm with modern amenities, including hardwood floors, energy-efficient windows, a updated kitchen with stainless steel appliances and Corian countertops, and exquisitely remodeled bathrooms.
Abundant Outdoor & Storage Space: Features a spacious patio for al fresco dining, a newly painted/sealed side yard perfect for BBQs, a private balcony with greenbelt views, plus significant 300 sq ft attic and 400 sq ft crawl space storage.
Rare Parking Advantage: Includes an attached garage and an additional extra parking spot, a highly sought-after and valuable amenity in the dense Sand Section of Manhattan Beach.
Compelling Value Proposition: Positioned as one of the lowest-priced single-family homes in this exclusive area, further enhanced by a recent price reduction and being available for the first time in over 40 years.

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 = 1452, living area = 1300.
Recently Sold Property: The property was recently sold within the past year on 2025-06-24. The sold price is $2,250,000.00.
Limited Living Space: At 1300 sq ft, the property offers a smaller footprint compared to many single-family homes in the area, which may limit future expansion or appeal to buyers seeking more expansive living areas.
Lack of Ocean Views: Despite its Sand Section location, the property description highlights greenbelt and tree-top views from the master balcony, with no mention of direct ocean views, which can be a significant premium feature in this market.
Absence of Air Conditioning: The description emphasizes natural ocean breezes, suggesting the property lacks a built-in air conditioning system, which could be a comfort consideration for some buyers during warmer periods.

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