3921 Highland Manhattan Beach, CA $ 6,390,000
3921 Highland
$ 6,390,000
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3921 Highland

Manhattan Beach, CA, 90266
$ 6,390,000
Bedrooms1 Baths1.0 Sq 3,221

Monthly Estimate*

$ 42,470

Listed by Lyon Stahl Investment Real Est
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Multi-Family Home for sale in Manhattan Beach, CA

for $6,390,000 with 1 bedroom and 1 full bath. This 3,221 square foot home was built in 1935 on a lot size of 0.0821.

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.

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Multi-Family Active

Price

$ 6,390,000

Bedrooms

1

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

MixedUse

Lot Size

0.0821

Year Built

1935

Town/City

Manhattan Beach

County/Region

Los Angeles

MLS | Web ID

PW24098173

Days on Market

17

Features
General
Sewer PublicSewer
Zoning MNCNE
Garage Spaces 1.0
Pool Features None
Year Built 1935
Property SubType MixedUse
Gross Income 319367.0
Community Features Biking
County Los Angeles
Net Operating Income 204092.0
Operating Expense 115275.0
Insurance Expense 4026.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions Corner of Highland & 40th Street
City Manhattan Beach
Entry Location 1 2 3
View Y/N N
Senior Community Y/N N
Open Parking Spaces 9.0
NumberOfUnitsTotal 6
MLS Area 142 - Manhattan Bch Sand
Lot Size Units SquareFeet
Lot Size Square Feet 3576.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Highland
Listing Terms Conventional
Property Attached Y/N Y
Land Lease Y/N N
Home Warranty Y/N N
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 16
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 1
Property Sub Type Additional MixedUse
Expected Active Date 2024-05-15
Taxes 76517.0
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Exterior
Parking Features OneSpace
Lot Features Item610UnitsAcre
Water Source Public
Total Parking 10.0
Lot Size Area 3576.0
Number of Buildings 1
Spa N
Building Area Total 3221.0
Lot Size Acres 0.0821
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 6
Number of Separate Electric Meters 6
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Fireplace Features None
Total Stories 3
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 3921
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* Excluded Features
List By
Lyon Stahl Investment Real Est

Broker

(310) 726-3391

Phone

Affordability Calculator

$42,470
Per Month
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Monthly Principal & Interest
$42,470
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/15/2024$6,390,000 Listed Price

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3921 Highland, Manhattan Beach, CA, 90266 is a Multi-Family Home for sale at $6,390,000 with 3,221 sqft and a lot size of 0.0821. 3921 Highland has 1 bedrooms, 1.0 baths, and was built in 1935. The property's zip code is 90266 which is in Manhattan Beach, CA