$ 5,450,000
3921 Highland Manhattan Beach, CA 90266
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 5,450,000
Est. payment /mo
Price Dropped by $540K
3921 Highland Manhattan Beach, CA 90266
3,576 Sqft Lot
UPDATED:
10/16/2024 10:11 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW24098173
Originating Board California Regional MLS
Year Built 1935
Lot Size 3,576 Sqft
Property Description
Discover a unique opportunity in Manhattan Beach's desirable El Porto neighborhood on Highland Ave-a 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 zone-an 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.
Location
State CA
County Los Angeles
Area 142 - Manhattan Bch Sand
Interior
Laundry Community Facility
Exterior
Garage Parking Area
Garage Spaces 10.0
Pool None
Building
Water District - Public
Others
Tax ID 4137010005
Special Listing Condition Not Applicable
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Listed by Woody Stahl • Lyon Stahl Investment Real Est