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 2004 Manzanita Lane BD/BA 5br/4ba SQFT 3062 sqft LOT 5398 PRICE $3,400,000 $PSF $1,110 DOM 39 DOM SOLD SOLD 09/01/22 START $ $3,368,000 START 09/01/22
Address 1337 9th Street BD/BA 5br/6ba SQFT 3988 sqft LOT 6220 PRICE $3,799,000 $PSF $953 DOM 9 DOM SOLD SOLD 08/25/22 START $ $3,899,000 START 08/25/22
Address 207 S. Redondo Ave BD/BA 5br/6ba SQFT 4429 sqft LOT 7502 PRICE $4,266,892 $PSF $963 DOM 6 DOM SOLD SOLD 07/29/22 START $ $3,899,000 START 07/29/22
Address 1901 Lynngrove Drive BD/BA 5br/4ba SQFT 3269 sqft LOT 5768 PRICE $3,725,000 $PSF $1,139 DOM 5 DOM SOLD SOLD 06/10/22 START $ $3,599,000 START 06/10/22
Address 1219 17th Street BD/BA 5br/4ba SQFT 3515 sqft LOT 5958 PRICE $4,250,000 $PSF $1,209 DOM 7 DOM SOLD SOLD 06/07/22 START $ $3,999,999 START 06/07/22
Address 1636 2nd Street BD/BA 5br/5ba SQFT 3553 sqft LOT 5109 PRICE $3,950,000 $PSF $1,112 DOM 67 DOM SOLD SOLD 06/03/22 START $ $3,850,000 START 06/03/22
Address 1550 Gates Avenue BD/BA 5br/5ba SQFT 4336 sqft LOT 7499 PRICE $3,625,000 $PSF $836 DOM 8 DOM SOLD SOLD 06/01/22 START $ $3,450,000 START 06/01/22
Address 1756 Gates Avenue BD/BA 5br/5ba SQFT 4342 sqft LOT 7509 PRICE $3,535,000 $PSF $814 DOM 10 DOM SOLD SOLD 05/23/22 START $ $3,299,000 START 05/23/22
Address 1505 Gates Avenue BD/BA 5br/4ba SQFT 4026 sqft LOT 7495 PRICE $3,125,000 $PSF $776 DOM 46 DOM SOLD SOLD 03/01/22 START $ $3,230,000 START 03/01/22
Address 1247 6th Street BD/BA 4br/5ba SQFT 4369 sqft LOT 7502 PRICE $4,250,000 $PSF $973 DOM 0 DOM SOLD SOLD 02/23/22 START $ $4,250,000 START 02/23/22
Address 1618 11th Street BD/BA 7br/7ba SQFT 5007 sqft LOT 7501 PRICE $5,475,000 $PSF $1,093 DOM 1 DOM SOLD SOLD 02/18/22 START $ $5,475,000 START 02/18/22
Address 1561 Nelson Avenue BD/BA 5br/4ba SQFT 4109 sqft LOT 7384 PRICE $3,850,000 $PSF $937 DOM 8 DOM SOLD SOLD 11/30/21 START $ $3,799,000 START 11/30/21
Address 1221 11th Street BD/BA 6br/6ba SQFT 5636 sqft LOT 9450 PRICE $5,705,000 $PSF $1,012 DOM 7 DOM SOLD SOLD 11/29/21 START $ $5,675,000 START 11/29/21
Address 918 N Peck Avenue BD/BA 5br/5ba SQFT 3586 sqft LOT 5744 PRICE $3,545,000 $PSF $989 DOM 32 DOM SOLD SOLD 11/09/21 START $ $3,545,000 START 11/09/21
Address 1540 1st Street BD/BA 5br/6ba SQFT 4525 sqft LOT 7509 PRICE $4,650,000 $PSF $1,028 DOM 19 DOM SOLD SOLD 11/03/21 START $ $4,699,000 START 11/03/21
Address 1603 6th Street BD/BA 6br/5ba SQFT 5656 sqft LOT 8635 PRICE $4,225,000 $PSF $747 DOM 8 DOM SOLD SOLD 10/29/21 START $ $3,999,999 START 10/29/21
Address 1809 Magnolia Avenue BD/BA 4br/5ba SQFT 3392 sqft LOT 5986 PRICE $3,500,000 $PSF $1,032 DOM 0 DOM SOLD SOLD 10/18/21 START $ $3,500,000 START 10/18/21
Address 428 Altura Way BD/BA 4br/2ba SQFT 3007 sqft LOT 7915 PRICE $3,100,000 $PSF $1,031 DOM 453 DOM SOLD SOLD 09/30/21 START $ $3,999,000 START 09/30/21
Address 1659 6th Street BD/BA 6br/6ba SQFT 5255 sqft LOT 7457 PRICE $3,525,000 $PSF $671 DOM 38 DOM SOLD SOLD 09/28/21 START $ $3,699,000 START 09/28/21

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