Discover a unique opportunity in Manhattan Beach's desirable El Porto neighborhood on Highland Avea stunning DOUBLE LOT property seamlessly blending residential and commercial spaces. This gem features 4 Units + Retail, anchored by a fully leased ground-floor laundromat. Indulge in the epitome of coastal elegance with a beautifully remodeled penthouse studio offering breathtaking panoramic views from Palos Verdes to Malibu. Zoned for AirBNB use, take advantage of Manhattan Beach's rare allowance for short-term rentals in its coastal zonean investor's dream! This property boasts not only a potential 7% Proforma Return from AirBNB income but also robust rental revenue from its fully leased units. Including the adjacent lot at 3917 Highland Ave for a total of 3,576 square feet, this presents a once-in-a-lifetime opportunity to secure a coveted legacy property with substantial potential for expansion and investment growth.
MLS# | PW24098173 |
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Listing Type | For Sale |
Style | Mixed Use |
Sub-Type | Resale |
Status | Active |
Year | 1935 |
Days On Site | 183 |
Listing Provided By | Lyon Stahl Investment Real Est 310-425-9838 | Woody Stahl |
SQ Feet | 3,221 |
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Garage | 1 |
Story(s) | 3 |
Units | 6 |
Building(s) | 1 |
Zoning | MNCNE |
Acreage | 0.08 |
State | CA |
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County | Los Angeles |
City | Manhattan Beach |
Zip Code | 90266 |
Area | 142 Manhattan Bch Sand |
Listing VS Median (in 90266) | |
Price: $5,450,000 low | high Med: $2,212,500 SqFt: 3,221 low | high Med: 1,618 $ / SqFt: $1,692 low | high Med: $1,454 On Site: 183 low | high Med: 162.500000 |