3921 Highland Manhattan Beach, CA 90266
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site23 Days
- MLS StatusActive
- MLS ID NumberPW24098173
- Home Size Source N/A
- Year Built1935
- Lot Size0.0821 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Parking Space
- Parking Spaces 10
- Sewer Public Sewer
- Number of Stories 3
- Acreage 0.0821
- Water Public
- Garage Spaces 1
- Zoning MNCNE
- Listing Conditions Standard
Interior Features
- Fireplace Features None
- Laundry Features Community
- Fireplace No
Exterior Features
- Pool Features None
- Lot 6-10 Units/ Acre
Community Features
- Community Features Biking
- Senior Community No
- MLS Area 142 - Manhattan Bch Sand