Active
3921 Highland
MANHATTAN BEACH CA, 90266
$5,990,000
$1,859.67 per sqft
Active
4 Beds
5 Baths
3,221 sqft
Multi-family
Built in 1935
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.
PW24098173MR
MLSⓇ ID
May 15, 2024
Listed
August 27, 2024
Updated
Map
3921 Highland
MANHATTAN BEACH CA, 90266
Interior Features
Total Stories
3
Bedrooms
4
Total Bathrooms
5
Laundry Description
Community
Fireplace
No
Fireplace Description
None
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.08 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Manhattan Beach Sand
Days on Market
103
Garage
Yes
Garage Spaces
1
Parking
Parking Space
Parking Total
10
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
MNCNE
Listing History
Date | Event | Price |
|---|---|---|
6/21/2024 | Price change | $5,990,000 -7% |
Listed by Woody Stahl with Lyon Stahl Investment Real Est
Listing Contact: 310-425-9838
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor The Di Prizito Group, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 8/27/2024
