3921 Highland, Manhattan Beach, CA 90266

$6,390,000
List Price
$6,390,000
Status
ACTIVE
MLS#
PW24098173
Year Built
1935
Lot Size
3,576
Acres
0.08
Lot Location
6-10 Units/Acre
Days on Market
6
Property Type
Multifamily
Property Sub Type
Mixed Use

Property Description

Unique mixed-use legacy property on Highland Ave in Manhattan Beach's desirable El Porto neighborhood. This extensively remodeled gem features a fully leased laundromat on the ground floor, along with two 2-bed/1-bath units, one studio, and one office on the second floor. The top floor boasts a beautifully remodeled penthouse studio with breathtaking panoramic views stretching from Palos Verdes to Malibu. The adjacent property at 3917 Highland Ave is included in the sale, combining for a total lot size of 3,576 square feet. This property is also zoned to permit short-term rentals with the potential to generate $575K annual revenue according to AIR DNA.

Additional Information

Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
6
Gross Scheduled Income
$329,244
Operating Expense
115275

Listing courtesy of Listing Agent: Woody Stahl (woody@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Est.

Mortgage Calculator

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.