Unique mixed-use DOUBLE LOT property on Highland Ave in Manhattan Beach's desirable El Porto neighborhood. This gem features 4 Units + Retail, including a fully leased laundromat on the ground floor. The top floor boasts a beautifully remodeled penthouse studio with breathtaking panoramic views stretching from Palos Verdes to Malibu, currently utilized for AirBNB – as Manhattan Beach is one of the few LA cities that allows for short-term rentals in its coastal zone! This property is a short-term rental GEM, offering a 7% Proforma Return with AirBNB Income. It also generates strong rental income with the other fully-leased units. The adjacent property at 3917 Highland Ave is included in the sale, combining for a total lot size of 3,576 square feet – making this an incredible opportunity for an investor to add a sought-after legacy property and rare double lot to their portfolio.
MLS #
CRPW24098173
MLS Source
California Regional MLS
Days on Site
18
Buyer's Brokerage Compensation*
2.00
Laundry
Community Facility
Garage/Parking
Parking Area, Garage: 1 Car(s)
Listing Agent
Woody Stahl
Lyon Stahl Investment Real Est
License #: 01399621
Phone: (310) 726-3391
Co-Listing Agent
Brett Lyon
License #: 01717818
Phone: (310) 706-4066
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | – | – |
3921 Highland is a Residential Income in Manhattan Beach, CA 90266. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $6,390,000 and was built in 1935.
This address can also be written as 3921 Highland, Manhattan Beach, CA 90266.©2024 California Regional MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of May 29, 2024. For the most current information, please contact Woody Stahl, (310) 726-3391