More $3M+ Sales, and Asks, in East MB

By Dave Fratello | June 26th, 2018

The trend toward $3-million-dollar-plus asking prices and sales over $3M continues East of Sepulveda.

1616 Gates Avenue Manhattan Beach CAThere are 5 such sales over $3M this year already. Of those, 4 were new construction, and 1 was a resale.*

That resale was huge 1616 Gates (5br/6ba, 5070 sqft.), a 2008 build that just closed for $3.050M. (It's pictured here.)

This year's sales bring to 34 the total number of sales in East Manhattan Beach over $3M for homes on standard-sized lots (they span 6600 sqft.-8500 sqft.). A 35th such 3+ sale is on a 9500+ sqft. lot, while other, higher sales featured much larger lots.

Look at all the data on those 34-35 sales, and one conclusion is pretty obvious: Most $3M+ sales are new homes that have never been lived in, just like with most $3M+ sales this year.

(Our asterisk* above is a reference to how we counted 1561 Mathews [$3.100M] as new construction, though it sold in Feb. 2018 with a 2014 build date. It had a long history of not selling before that, then sold in late 2016 but no one moved in before this year's resale. Part of the appeal was that it was untouched.)

We looked at data on $3M+ sales on the east side some months ago, in late 2017. Our post had a good, descriptive title: "Many More $3M+ Sales in East MB in 2017." (There's a lot of data in that post, too.)

We made something of an amazing finding: Before 2017, there were 14 sales of $3M or more. In calendar year 2017, there were 15.

So the total more than doubled just last year. (Again, we're focused on $3M+ sales in East Manhattan Beach on typical-size lots.)

With that kind of momentum, of course people are going to try for $3M or so this year.

Two active listings are asking $3M or more, and they're both resales:

1210 10th Street Manhattan Beach CA1210 10th (4br/5ba, 4480) is a 1994 build that's clean but could use some updates.

There's a lot of space, though its split-level living spaces have fallen out of favor.

It's got a pool and a position up on the 10th St. hill that's very favorable, with some nice neighborhood views from the back of the home.

1210 10th began at $3.295M in May.

It has cut $150K to $3.145M as it concludes its second month on market.

1450 5th Street Manhattan Beach CALast week, 1450 5th (6br/5ba, 4300 sqft.) debuted at $3.695M.

It's a 2001 build in a good location with some polish to it, although it appears most of the stylistic updating was done before a 2012 sale, not too much more recently.

Sales, this one's had a few:

2004: $2.160M

2011: $2.070M

2012: $2.490M (after remodel)

2015: $2.960M

Time for another?

So, maybe we've got you wondering about what all those $3M+ East Manhattan sales have looked like.

Below is the complete list, with the newest sales shown first. One 2007 sale doesn't show and for some reason, 1161 9th (2017) doesn't right now, so use the link here from the address to see it.

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All East Manhattan Beach Sales Over $3M (Standard-Sized Lots)

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 1826 6th Street BD/BA 5br/7ba SQFT 4951 sqft LOT 7507 PRICE $3,200,000 $PSF $646 DOM 94 DOM SOLD SOLD 04/16/21 START $ $3,599,000 START 04/16/21
Address 1540 Curtis Avenue BD/BA 5br/5ba SQFT 4226 sqft LOT 7499 PRICE $3,670,000 $PSF $868 DOM 0 DOM SOLD SOLD 04/01/21 START $ $3,670,000 START 04/01/21
Address 1226 9th Street BD/BA 5br/5ba SQFT 3583 sqft LOT 6253 PRICE $3,775,000 $PSF $1,054 DOM 152 DOM SOLD SOLD 03/19/21 START $ $3,850,000 START 03/19/21
Address 1648 5th Street BD/BA 5br/6ba SQFT 4828 sqft LOT 7501 PRICE $3,965,000 $PSF $821 DOM 8 DOM SOLD SOLD 02/25/21 START $ $4,072,000 START 02/25/21
Address 1436 23rd Street BD/BA 6br/7ba SQFT 4600 sqft LOT 7498 PRICE $4,210,000 $PSF $915 DOM 4 DOM SOLD SOLD 02/09/21 START $ $4,199,000 START 02/09/21
Address 1120 6th Street BD/BA 5br/5ba SQFT 3573 sqft LOT 7488 PRICE $3,420,000 $PSF $957 DOM 103 DOM SOLD SOLD 02/04/21 START $ $3,499,000 START 02/04/21
Address 1721 8th Street BD/BA 6br/6ba SQFT 4581 sqft LOT 8750 PRICE $4,500,000 $PSF $982 DOM 7 DOM SOLD SOLD 12/22/20 START $ $4,485,000 START 12/22/20
Address 1712 N Meadows Avenue BD/BA 5br/5ba SQFT 3531 sqft LOT 5600 PRICE $3,300,000 $PSF $935 DOM 27 DOM SOLD SOLD 12/18/20 START $ $3,450,000 START 12/18/20
Address 1731 Ruhland BD/BA 5br/5ba SQFT 5020 sqft LOT 7500 PRICE $4,000,000 $PSF $797 DOM 71 DOM SOLD SOLD 12/15/20 START $ $4,199,000 START 12/15/20
Address 1400 21st Street BD/BA 6br/5ba SQFT 4562 sqft LOT 7443 PRICE $3,885,000 $PSF $852 DOM 14 DOM SOLD SOLD 12/15/20 START $ $3,885,000 START 12/15/20
Address 2113 Chestnut Avenue BD/BA 5br/6ba SQFT 3564 sqft LOT 5003 PRICE $2,975,000 $PSF $835 DOM 13 DOM SOLD SOLD 12/01/20 START $ $3,000,000 START 12/01/20
Address 1246 10th Street BD/BA 6br/6ba SQFT 7000 sqft LOT 7503 PRICE $4,700,000 $PSF $671 DOM 72 DOM SOLD SOLD 11/19/20 START $ $4,895,000 START 11/19/20
Address 117 S Meadows Avenue BD/BA 5br/5ba SQFT 4671 sqft LOT 9511 PRICE $5,000,000 $PSF $1,070 DOM 11 DOM SOLD SOLD 10/28/20 START $ $4,895,000 START 10/28/20
Address 1515 10th Street BD/BA 5br/6ba SQFT 4608 sqft LOT 7509 PRICE $3,360,000 $PSF $729 DOM 11 DOM SOLD SOLD 10/27/20 START $ $3,450,000 START 10/27/20
Address 1837 9th Street BD/BA 5br/6ba SQFT 4900 sqft LOT 7501 PRICE $3,800,000 $PSF $776 DOM 21 DOM SOLD SOLD 10/19/20 START $ $4,149,000 START 10/19/20
Address 1416 18th Street BD/BA 5br/4ba SQFT 3701 sqft LOT 7014 PRICE $3,800,000 $PSF $1,027 DOM 5 DOM SOLD SOLD 10/09/20 START $ $3,800,000 START 10/09/20
Address 1324 18th Street BD/BA 5br/5ba SQFT 4600 sqft LOT 7004 PRICE $3,460,000 $PSF $752 DOM 7 DOM SOLD SOLD 10/08/20 START $ $3,499,000 START 10/08/20
Address 1431 8th Street BD/BA 6br/5ba SQFT 4435 sqft LOT 7499 PRICE $3,300,000 $PSF $744 DOM 25 DOM SOLD SOLD 10/08/20 START $ $3,450,000 START 10/08/20
Address 1618 9th Street BD/BA 5br/6ba SQFT 4561 sqft LOT 7504 PRICE $2,875,000 $PSF $630 DOM 116 DOM SOLD SOLD 09/30/20 START $ $3,250,000 START 09/30/20
Address 1545 Voorhees Avenue BD/BA 5br/5ba SQFT 4800 sqft LOT 7505 PRICE $3,948,750 $PSF $823 DOM 33 DOM SOLD SOLD 09/29/20 START $ $4,295,000 START 09/29/20
Address 1157 6th Street BD/BA 5br/4ba SQFT 4292 sqft LOT 7502 PRICE $3,350,000 $PSF $781 DOM 5 DOM SOLD SOLD 08/24/20 START $ $3,375,000 START 08/24/20
Address 1619 9th Street BD/BA 5br/6ba SQFT 4948 sqft LOT 7507 PRICE $4,150,000 $PSF $839 DOM 26 DOM SOLD SOLD 08/21/20 START $ $4,249,000 START 08/21/20
Address 1247 6th Street BD/BA 5br/5ba SQFT 4482 sqft LOT 7502 PRICE $3,500,000 $PSF $781 DOM 145 DOM SOLD SOLD 08/18/20 START $ $3,750,000 START 08/18/20
Address 1609 6th Street BD/BA 5br/4ba SQFT 4964 sqft LOT 7501 PRICE $3,750,000 $PSF $755 DOM 15 DOM SOLD SOLD 07/17/20 START $ $3,750,000 START 07/17/20
Address 1131 8th Street BD/BA 5br/6ba SQFT 4388 sqft LOT 8002 PRICE $3,556,500 $PSF $811 DOM 70 DOM SOLD SOLD 07/15/20 START $ $3,475,000 START 07/15/20
Address 1467 3rd Street BD/BA 5br/5ba SQFT 4472 sqft LOT 7466 PRICE $3,050,000 $PSF $682 DOM 7 DOM SOLD SOLD 07/10/20 START $ $3,150,000 START 07/10/20
Address 1550 5th Street BD/BA 5br/6ba SQFT 5964 sqft LOT 7505 PRICE $3,800,000 $PSF $637 DOM 48 DOM SOLD SOLD 06/30/20 START $ $3,899,000 START 06/30/20

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