3921 Highland Avenue
3921 Highland Avenue
$6,390,000
4
5
3,221
3,221
$1,984
Description
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...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.
- Listed by Woody Stahl • DRE #01399621 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Est • woody@lyonstahl.com
- Listed by Brett Lyon • DRE #01717818 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 3921 Highland Avenue
Parking Spaces Total
10
Private PoolNo
Total Units6.0
Building TypeAttached
Lot Size SourceAssessor
Living Area3221
Assessor Parcel Number4137-010-005
Property Attached YNtrue
Location
LISTING UPDATED: 05/29/2024 10:27 AM
Property Details for 3921 Highland Avenue
Status | Active |
---|---|
MLS # | PW24098173 |
Days on Market | 28 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1935 |
Lot Size | 0.08 AC / 3,576 SF |
County | Los Angeles County |
Location
Building Information for 3921 Highland Avenue
Stories3Residences-Year Built1935Building Size-Lot Size0.08 AC / 3,576 SF
Payment Calculator
$34,873 per month
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Property Information for 3921 Highland Avenue
Property History for 3921 Highland Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 3921 Highland Avenue
This home is within Manhattan Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Grand View Elementary School PublicK to 5 | ||
Manhattan Beach Middle School Public6 to 8 | ||
Mira Costa High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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