$5,450,000
 $29,257 est/mo Sourced by Back At You

3921 Highland , Manhattan Beach, CA 90266

Manhattan Beach, CA 90266

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Description

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.

Details

MLS#PW24098173
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1935
Days On Site183
Listing Provided ByLyon Stahl Investment Real Est 310-425-9838 | Woody Stahl

Features

SQ Feet3,221
Garage1
Story(s)3
Units6
Building(s)1
ZoningMNCNE
Acreage0.08

Market Activity 90266

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 44 seconds ago
StateCA
CountyLos Angeles
CityManhattan Beach
Zip Code90266
Area142 Manhattan Bch Sand
Listing VS Median (in 90266)
Price:
$5,450,000
low | high
Med:
$2,212,500
100% of Average
SqFt:
3,221
low | high
Med:
1,618
99.782676187519% of Average
$ / SqFt:
$1,692
low | high
Med:
$1,454
64.054599745003% of Average
On Site:
183
low | high
Med:
162.500000
100% of Average
Sourced by Back At You
Listing Updated: October 16, 2024 at 3:52:44 PM PDT