$3,350,000
SOLD MAR 12, 2025

4020 Ocean Dr Manhattan Beach, CA 90266

3 Beds
2 Baths
1,568 Sq Ft
1,572 Sq Ft Lot

Recently Sold

$2,136 Per Sq Ft

27% Above List Price

16 Days on Market

Highlights

  • White Water Ocean Views
  • Property has ocean access
  • Updated Kitchen
  • Grand View Elementary School Rated A
  • Ocean Side of Highway 1
  • Property is near a park

About This Home

As of March 2025

ONE MINUTE WALK TO THE SAND! WHITE WATER VIEWS! ELEVATOR! GUEST QUARTERS! LEGAL DUPLEX! CORNER LOT!
Hear the pounding of the surf...smell the salty air...gaze at the waves crashing on the shore...life can be sweet at this unique beach view retreat.
Rarely available haven just a minute walk to the sand in highly desirable Manhattan Beach offers the best of both worlds. Because of the addition of an elevator, this legal duplex is now ideal for extended family with mom and dad not having to worry about climbing to the second level.
Extensively remodeled home with newer kitchen, baths and doublepaned windows overlooking white water views from all key rooms and from the spacious 185 sq. ft. balcony& brick patio makes this beach escape special. Easy parking with a large two car garage (appraiser taped 484 sq. ft.) & ability to park one car in front of the house plus ample nearby public parking makes this home great for entertaining.
Need a smaller place? Then freeze the elevator and rent one of the units; per appraiser upper unit is 1026 sq. ft. and lower unit is 542 sq. ft. Or, as needs change, rent both units or check with the City about building a three story, 30 foot high home. Plus this property is in a small area of the City where short term rentals are allowed. Tremendous place to escape now and flexibility for the future. Other upgrades/amenities include vaulted ceiling, virtual wall of glass in upstairs living room & nice white water views from downstairs living room, Saltillo tile downstairs, extensive built-in cabinets & bookcases, white water view bay window, car charger, tankless water heater.
And as nice as this property is currently, the views will be even nicer when the City approved undergrounding of utility lines and poles is completed per Public Works estimate of mid 2025. And current owner has already prepaid her$24,000+ assessment share for all of these changes & her own costs for separate electric panels for a smooth connection.
This home is ideally located to enjoy great recreation from surfing to volleyball in the sand to bicycling on the 22 mile beach path to strolling on the Strand walking path overlooking rose gardens and expansive coastal views. Enjoy sailing and fishing with nearby Marinas as well as extensive shopping and restaurants ranging from fine dining to casual bites to eat. Just a short drive to downtown LA theatres, stadiums and much more. Plus LAX is only a few minutes away so the world is your oyster!

Last Agent to Sell the Property

Sheila-Anne Teisher

Estate Properties Brokerage Phone: 424-212-1212 License #00999624 Listed on: 01/23/2025

Estate Properties

Last Buyer's Agent

Sheila-Anne Teisher

Estate Properties Brokerage Phone: 424-212-1212 License #00999624 Listed on: 01/23/2025

Estate Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960 | Remodeled

Lot Details

  • 1,572 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 2 Car Attached Garage
  • Electric Vehicle Home Charger
  • Parking Available
  • Front Facing Garage
  • Side by Side Parking
  • Two Garage Doors
  • Garage Door Opener
  • Up Slope from Street

Property Views

  • White Water Ocean
  • Bay

Home Design

  • Duplex
  • Entry on the 2nd floor
  • Turnkey
  • Stucco

Interior Spaces

  • 1,568 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Bay Window
  • Garden Windows
  • Sliding Doors
  • Family Room Off Kitchen
  • Living Room with Attached Deck
  • Storage

Kitchen

  • Eat-In Galley Kitchen
  • Updated Kitchen
  • Breakfast Area or Nook
  • Open to Family Room
  • Self-Cleaning Convection Oven
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Mirrored Closets Doors
  • Remodeled Bathroom
  • In-Law or Guest Suite
  • Bathroom on Main Level
  • Dual Sinks
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Ocean Side of Highway 1
  • Living Room Balcony
  • Brick Porch or Patio

Location

  • Property is near a park

Utilities

  • Natural Gas Connected
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 14 / 3
  • Tax Tract Number 4103
  • Assessor Parcel Number 4137009023
  • $291 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Property is near a preserve or public land

Recreation

  • Park
  • Water Sports
  • Bike Trail

Property Details

Home Type

Multi-Family

Year Built

Built in 1960 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: MNRH
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 4137009023
  • Year Built: 1960
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1568.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Elevator, Granite Counters, High Ceilings, In-Law Floorplan, Living Room Balcony, Living Room Deck Attached, Recessed Lighting, Storage
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Eating Area: Area, Breakfast Nook
  • Entry Level: 2
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 2136.48
  • Room Type: Family Room, Galley Kitchen, Kitchen, Living Room, Main Floor Bedroom, Separate Family Room
  • Window Features: Bay Window(s), Double Pane Windows, Garden Window(s)
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Bath(s), Jetted Tub, Main Floor Full Bath, Remodeled, Upgraded
  • Room Kitchen Features: Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • View: Bay, Ocean, Water, White Water
  • Patio And Porch Features: Brick, Patio, Patio Open
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Electric Vehicle Charging Station(s), Garage, Garage Faces Front, Garage - Two Door, Garage Door Opener, On Site, Private, Side by Side
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Convection Oven, Dishwasher, Microwave, Refrigerator, Self Cleaning Oven, Tankless Water Heater
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Park, Watersports, Preserve/Public Land

Lot Info

  • Land Lease: No
  • Lot Features: Corner Lot, Park Nearby, Up Slope from Street
  • Lot Size Sq Ft: 1572.00
  • Lot Size Acres: 0.0361
  • Latitude Manual: 33.90291900

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1572.0000 Square Feet
  • Number Of Units Total: 2
  • Waterfront Features: Beach Access, Ocean Access, Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Block: 3
  • Tax Census Tract: 6202.01
  • Tax Lot: 14
  • Tax Tract Number: 4103
  • TaxOtherAnnualAssessmentAmount: 291.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2025
Closed on
Feb 12, 2025
Sold by
Adams Matthes Revocable Trust and Adams Gladi M
Bought by
Me Casa Verde Llc
Seller's Agent
Sheila-Anne Teisher
Estate Properties
Buyer's Agent
Sheila-Anne Teisher
Estate Properties
List Price
$2,629,000
Sold Price
$3,350,000
Premium/Discount to List
$721,000
27.42%
Views
21
Current Estimated Value
$3,293,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$56,151
Avg. Annual Appreciation
-2.26%

Purchase Details

Closed on
Apr 12, 2017
Sold by
Adams Gladi M
Bought by
Adams Gladi M and Matthes Ella J

Purchase Details

Closed on
Mar 11, 2003
Sold by
Adams Gladi M
Bought by
Adams Gladi Marie and Gladi Adams Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $3,350,000 Progressive Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2025 03/12/25 Sold $3,350,000 +27.4% $2,136 / Sq Ft
02/08/2025 02/08/25 Pending -- -- --
01/23/2025 01/23/25 For Sale $2,629,000 -- $1,677 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,200 $177,080 $122,071 $55,009
2024 $2,200 $173,609 $119,678 $53,931
2023 $2,107 $170,206 $117,332 $52,874
2022 $2,073 $166,870 $115,032 $51,838
2021 $2,103 $163,599 $112,777 $50,822
2019 $2,049 $158,748 $109,433 $49,315
2018 $1,990 $155,637 $107,288 $48,349
2016 $1,859 $149,595 $103,123 $46,472
2015 $1,823 $147,348 $101,574 $45,774
2014 $1,812 $144,463 $99,585 $44,878
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV25005979

California Regional Multiple Listing Service (CRMLS)

APN: 4137-009-023