$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.
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$5,450,000
Est. payment /mo
3,576 Sqft Lot
UPDATED:
10/16/2024 10:09 PM
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24098173
HOA Y/N No
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.
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
Zoning MNCNE
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage One Space
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Biking
Parking Type One Space
Total Parking Spaces 10
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 3
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4137010005
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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Listed by Woody Stahl • Lyon Stahl Investment Real Est • woody@lyonstahl.com
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