3921 Highland
Manhattan Beach, CA 90266
$940,000.00 (-14.71%)
Active for $5,450,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 3,576 sqft
| MLS | PW24098173 |
| Year Built | 1935 |
| Property Type | Mixed Use |
| County | Los Angeles |
| Status | Active |
| Active | $5,450,000 |
| Structure Size | N/A sqft |
| Lot Size | 3,576 sqft |
| Beds | N/A |
| Baths | N/A |
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.
Listing information courtesy of: Woody Stahl, Lyon Stahl Investment Real Est . *Based on information from the Association of REALTORS/Multiple Listing as of 11/12/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Marine Azatian
Broker Associate
Direct: 818.434.9913
Email: Email Me
DRE: 01360449
DRE #01873088
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