9
Map
$2,599,000
↓ $200K (7.1%)
●
Land -
For Sale
1041 Boundary Place
Manhattan Beach, CA 90266
Studio
0 Bath
$12,762
Est. Monthly
About This Property
Exceptional builder opportunity on this large lot in the highly
sought-after Manhattan Beach prestigious Hill Section! Located at
1041 Boundary Place, this property offers the rare chance to create
your dream ocean view beach home in one of Manhattan Beach's most
desirable neighborhoods. The existing structure presents a
tear-down opportunity for a buyer or builder ready to design and
build a custom residence tailored to their vision. Enjoy the best
of the Manhattan Beach lifestyle with close proximity to the beach,
downtown Manhattan Beach, award-winning schools, parks, shopping,
and dining. Bring your architect, builder, and imagination to
unlock the full potential of this prime Hill Section location!
Unit Size
-
Days on Market
48 days
Land Size
0.15 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1937
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 17 days ago (CRMLS #SB26194007)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2026 | Price Decreased |
$2,599,000
↓ $200K
(7.2%) | |
| Price Decreased | |||
| Sep 5, 2026 | Listed by Vista Sotheby’s International Realty | $2,799,000 | |
| Listed by Vista Sotheby’s International Realty | |||
Property Highlights
Exterior Details
Waterfront Features: OceanSideOfFreeway, OceanSideOfHighway
Lot Features: Back Yard, Front Yard, Landscaped, Near Public Transit, Rectangular Lot, TearDown, Trees, ValueInLand, Yard
Lot Size Area: 6595
Lot Size Units: Square Feet
Lot Size Acres: 0.1514
Lot Size Square Feet: 6595
Lot Size Dimensions: 60x110
Tax Lot: 3
Water Source: Public
Utilities Details
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
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ft²
Price/ft²
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Asking Price
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Closing Price
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Sold On
HOA + Taxes
About Hill Section
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Robert Lane, Vista Sotheby’s International Realty
Last Updated: 17 days ago
Data Source: CRMLS, MLS# SB26194007
Last Updated: 17 days ago
Data Source: CRMLS, MLS# SB26194007
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