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 1616 Gates Avenue BD/BA 5br/6ba SQFT 5071 sqft LOT 7508 PRICE $3,050,000 $PSF $601 DOM 35 DOM SOLD SOLD 06/20/18 START $ $3,299,000 START 06/20/18
Address 1350 23rd Street BD/BA 5br/5ba SQFT 4799 sqft LOT 7449 PRICE $3,700,000 $PSF $771 DOM 2 DOM SOLD SOLD 06/04/18 START $ $3,649,000 START 06/04/18
Address 1706 Nelson Avenue BD/BA 5br/6ba SQFT 4298 sqft LOT 7500 PRICE $3,450,000 $PSF $803 DOM 8 DOM SOLD SOLD 05/24/18 START $ $3,500,000 START 05/24/18
Address 1534 8th Street BD/BA 5br/4ba SQFT 4550 sqft LOT 7501 PRICE $3,600,000 $PSF $791 DOM 0 DOM SOLD SOLD 02/23/18 START $ $3,600,000 START 02/23/18
Address 1561 Mathews Avenue BD/BA 6br/7ba SQFT 5667 sqft LOT 7450 PRICE $3,100,000 $PSF $547 DOM 113 DOM SOLD SOLD 02/06/18 START $ $3,379,000 START 02/06/18
Address 1540 Curtis Avenue BD/BA 5br/5ba SQFT 4400 sqft LOT 7499 PRICE $3,455,640 $PSF $785 DOM 29 DOM SOLD SOLD 11/17/17 START $ $3,525,000 START 11/17/17
Address 419 Altura Way BD/BA 5br/6ba SQFT 3577 sqft LOT 6912 PRICE $3,017,000 $PSF $843 DOM 374 DOM SOLD SOLD 11/15/17 START $ $3,495,000 START 11/15/17
Address 1633 Nelson Avenue BD/BA 5br/6ba SQFT 4430 sqft LOT 7500 PRICE $3,290,000 $PSF $743 DOM 1 DOM SOLD SOLD 11/13/17 START $ $3,300,000 START 11/13/17
Address 1457 18th Street BD/BA 5br/4ba SQFT 4550 sqft LOT 7000 PRICE $3,325,000 $PSF $731 DOM 146 DOM SOLD SOLD 10/31/17 START $ $3,565,000 START 10/31/17
Address 1200 5th Street BD/BA 5br/5ba SQFT 5072 sqft LOT 8501 PRICE $3,050,000 $PSF $601 DOM 104 DOM SOLD SOLD 10/05/17 START $ $3,795,000 START 10/05/17
Address 1450 23rd Street BD/BA 5br/7ba SQFT 4755 sqft LOT 7493 PRICE $3,383,000 $PSF $711 DOM 12 DOM SOLD SOLD 07/06/17 START $ $3,535,000 START 07/06/17
Address 1747 Gates Avenue BD/BA 5br/6ba SQFT 4429 sqft LOT 7500 PRICE $3,075,000 $PSF $694 DOM 52 DOM SOLD SOLD 06/29/17 START $ $3,199,000 START 06/29/17
Address 1657 Nelson Avenue BD/BA 5br/6ba SQFT 4354 sqft LOT 7500 PRICE $3,100,000 $PSF $712 DOM 128 DOM SOLD SOLD 06/23/17 START $ $3,350,000 START 06/23/17
Address 1541 Nelson Avenue BD/BA 5br/5ba SQFT 4430 sqft LOT 7500 PRICE $3,125,000 $PSF $705 DOM 10 DOM SOLD SOLD 05/02/17 START $ $3,199,000 START 05/02/17
Address 1601 Nelson Avenue BD/BA 6br/7ba SQFT 5791 sqft LOT 8581 PRICE $3,550,000 $PSF $613 DOM 99 DOM SOLD SOLD 04/28/17 START $ $3,999,000 START 04/28/17
Address 1420 3rd Street BD/BA 4br/5ba SQFT 4764 sqft LOT 6645 PRICE $3,300,000 $PSF $693 DOM 4 DOM SOLD SOLD 04/25/17 START $ $3,299,000 START 04/25/17
Address 1315 9th Street BD/BA 6br/8ba SQFT 5585 sqft LOT 7396 PRICE $3,650,000 $PSF $654 DOM 23 DOM SOLD SOLD 03/17/17 START $ $3,700,000 START 03/17/17
Address 1304 18th Street BD/BA 6br/6ba SQFT 4771 sqft LOT 7002 PRICE $3,100,000 $PSF $650 DOM 78 DOM SOLD SOLD 01/19/17 START $ $3,495,000 START 01/19/17
Address 1400 21st Street BD/BA 5br/5ba SQFT 4562 sqft LOT 7443 PRICE $3,225,000 $PSF $707 DOM 101 DOM SOLD SOLD 01/13/17 START $ $3,349,000 START 01/13/17
Address 1321 21st Street BD/BA 5br/6ba SQFT 5061 sqft LOT 7495 PRICE $3,125,000 $PSF $617 DOM 7 DOM SOLD SOLD 12/02/16 START $ $2,999,000 START 12/02/16
Address 1230 8th Street BD/BA 5br/5ba SQFT 4505 sqft LOT 7455 PRICE $3,425,000 $PSF $760 DOM 1 DOM SOLD SOLD 11/04/16 START $ $3,495,000 START 11/04/16
Address 1200 10th Street BD/BA 5br/6ba SQFT 4746 sqft LOT 7467 PRICE $3,600,000 $PSF $759 DOM 147 DOM SOLD SOLD 11/01/16 START $ $3,995,000 START 11/01/16
Address 1400 23rd Street BD/BA 6br/6ba SQFT 4800 sqft LOT 7445 PRICE $3,700,000 $PSF $771 DOM 21 DOM SOLD SOLD 10/26/16 START $ $3,775,000 START 10/26/16
Address 1431 18th Street BD/BA 5br/6ba SQFT 5277 sqft LOT 7000 PRICE $3,000,000 $PSF $569 DOM 243 DOM SOLD SOLD 01/06/16 START $ $3,999,000 START 01/06/16
Address 1131 6th Street BD/BA 5br/5ba SQFT 5022 sqft LOT 7501 PRICE $3,600,000 $PSF $717 DOM 68 DOM SOLD SOLD 11/04/15 START $ $3,999,900 START 11/04/15
Address 1430 18th Street BD/BA 6br/7ba SQFT 4600 sqft LOT 7021 PRICE $3,300,000 $PSF $717 DOM 83 DOM SOLD SOLD 10/06/15 START $ $3,495,000 START 10/06/15
Address 1632 Voorhees Avenue BD/BA 5br/5ba SQFT 4500 sqft LOT 7500 PRICE $3,251,000 $PSF $722 DOM 1 DOM SOLD SOLD 06/09/15 START $ $3,251,000 START 06/09/15
Address 1437 10th Street BD/BA 5br/6ba SQFT 4782 sqft LOT 7502 PRICE $3,156,075 $PSF $660 DOM 42 DOM SOLD SOLD 05/29/15 START $ $3,385,000 START 05/29/15
Address 1335 19th Street BD/BA 6br/6ba SQFT 5010 sqft LOT 7500 PRICE $3,050,000 $PSF $609 DOM 41 DOM SOLD SOLD 05/08/15 START $ $3,099,000 START 05/08/15
Address 1416 3rd Street BD/BA 5br/5ba SQFT 4764 sqft LOT 6644 PRICE $3,199,000 $PSF $671 DOM 190 DOM SOLD SOLD 12/23/14 START $ $3,199,000 START 12/23/14
Address 1420 3rd Street BD/BA 5br/5ba SQFT 4764 sqft LOT 6645 PRICE $2,899,000 $PSF $609 DOM 1 DOM SOLD SOLD 11/06/14 START $ $3,199,000 START 11/06/14
Address 111 S Meadows Avenue BD/BA 5br/6ba SQFT 4200 sqft LOT 9515 PRICE $4,000,000 $PSF $952 DOM 1 DOM SOLD SOLD 10/10/14 START $ $4,000,000 START 10/10/14
Address 1626 1st Street BD/BA 5br/5ba SQFT 4958 sqft LOT 7507 PRICE $3,200,000 $PSF $645 DOM 1 DOM SOLD SOLD 01/16/14 START $ $3,200,000 START 01/16/14

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