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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.
Property Type(s):
Residential Income
| Last Updated | 9/30/2024 | Year Built | 1935 |
|---|---|---|---|
| Community | Manhattan Bch Sand | Garage Spaces | 1.0 |
| County | Los Angeles |
Price History
| Prior to Jun 21, '24 | $6,390,000 |
|---|---|
| Jun 21, '24 - Sep 30, '24 | $5,990,000 |
| Sep 30, '24 - Today | $5,450,000 |
Additional Details
| AREA | Manhattan Bch Sand |
|---|---|
| GARAGE | One Space, Yes |
| LOT | 3576 sq ft |
| LOT DESCRIPTION | 6-10 Units/Acre |
| PARKING | One Space |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3 |
| WATER | Public |
| ZONING | MNCNE |
Location
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Listed with Lyon Stahl Investment Real Est
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