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$5,450,000

Beds
Unknown
sq ft
3,221

3921 Highland Ave, Manhattan Beach, CA 90266

3921 Highland Ave

Manhattan Beach, CA 90266

  • 188 days on market
    • Price drop $540,000↓
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.

Details

Property type

Mixed Use

Lot size

3,576 sq ft

Price per sq ft

$1,693

Year built

1935

Price History

09/30/2024
CRMLS

CRMLS #PW24098173

Price change
$5,450,000
-9.02%
06/21/2024
CRMLS

CRMLS #PW24098173

Price change
$5,990,000
-6.26%
05/15/2024
CRMLS

CRMLS #PW24098173

Listed
$6,390,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 11/19/2024 at 4:30 AM

Listing updated: 09/30/2024 at 4:31 PM

Listed by: Woody Stahl, Lyon Stahl Investment Real Est Phone #: (310) 425-9838

MLS: CRMLS #PW24098173

CRMLS logo

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