Remarks

Welcome to 3921 Highland Avenue, an exceptional mixed-use property nestled in the highly sought after City of Manhattan Beach. Offering a perfect blend of residential comfort, and lucrative business potential, this property provides a rare opportunity to own a prime piece of real estate in one of California’s most vibrant and desirable beach communities! The first level has two rentals that include a private corner office space and a fully leased, established laundromat that offers both a steady source of rental income and added convenience for the community. With a thriving business in place, the commercial spaces also bring reliable cash flow that makes this property an attractive investment. On the second level there are 3 remodeled residential units (2bd/1bth, 2bd/1bth plus den, and a Studio Apt). Each unit was designed with stylish finishes and functionality in mind. The top-floor penthouse is a true standout, offering breathtaking panoramic views of the Pacific Ocean from Palos Verdes to Malibu. The sale also includes the neighboring property at 3917 Highland Avenue, bringing the total lot size to 3,576 square feet. This expansion provides 10 parking spaces and a potential for growth, additional amenities, or even further development opportunities. Zoned to allow short-term rentals, this property holds enormous potential for those looking to take advantage of the lucrative vacation rental market in Manhattan Beach. Located just moments away from the iconic Manhattan Beach Pier, shops, restaurants, and the beach, 3921 Highland Avenue offers an incredible lifestyle in a highly coveted area. Whether you are an investor seeking diverse income streams or a homeowner looking to live in one of the Southern California's most beautiful coastal cities, this property is a must-see!

Details

MLS#: SB25061759
Price: $5,450,000

Sq Ft: 3221.00
Year Built: 2021

County: Los Angeles