- N/A BR
- 0 BA
- N/A SqFt.
- 1,353 Lot
- $1,770,000
- Closed
- 1/3/24
Description
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.
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Property Details for 3921 Highland
Listing Details
- Listing Advertised By
- Dave Fratello, Edge(310) 243-6299|
|
- Listing Presented By
- Woody Stahl
- Listing Brokered By
- Lyon Stahl Investment Real Est
- Type
- Residential Income, Mixed Use
- Year Built
- 1935 (Assessor)
- MLS Area
- 142 - Manhattan Bch Sand
Price and MLS Information
- Status
- Active | Listing History
- MLS Days on Mkt.
- 150 DOM
- Combined DOM*
- 150
- First Date Active
- May 15th, 2024
- Current Price
- $5,990,000
- Orig. List Price
- $6,390,000
- MLS® #
- PW24098173
- APN
- 4137010005
- Special
- Standard
Home Interior Information
- Fireplaces
- None
Room Information
- Laundry
- CommonArea
Exterior Information
- Lot Size (sq. ft.)
- 3,576
- Lot Size (acres)
- 0.08
- Pool
- None
- Parking Spaces
- 10
- Garage Spaces
- 1
Utilities Information
- Water Source
- Public
Additional Information
- Zoning
- MNCNE
- Co-Agent
- Brett Lyon
- Co-Agent Office
- Lyon Stahl Investment Real Estate, Inc.
* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.
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Neighborhood Information
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Listing/Price History
3921 Highland, Manhattan Beach, (MLS® #PW24098173)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $6,390,000) | $5,990,000 | $400,000 (6.26%) | |
| First Day Active | $6,390,000 | – |
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Listing Summary
Quick Summary of 3921 Highland: This home in Manhattan Beach is priced at $5,990,000 . The Mixed Use residence was originally built in 1935 and was listed on May 15th, 2024 at $6,390,000, showing 150 Days on Market currently. Contact Dave Fratello today for more information or to go see 3921 Highland.
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Sold Listings Similar to 3921 Highland, Manhattan Beach
Based on information from California Regional Multiple Listing Service, Inc. as of October 12th, 2024 at 12:02am PDT. 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.
