3921 Highland Ave - Storefront Retail/Residential FOR SALE


Manhattan Beach, CA 90266
$5,450,000 USD
424-217-3334
3921 Highland Ave, Manhattan Beach, CA for Sale
$5,450,000 USD
Storefront Retail/Residential - FOR SALE
1/26
null | Request Cap Rate

3921 Highland Ave
Manhattan Beach, CA 90266


HIGHLIGHTS

  • Purchase a one-of-a-kind mixed-use asset offering panoramic ocean views, steady cash flow, expansion potential, and great frontage.
  • Prominent corner lot in a high performing location with excellent visibility, over 63,153 tourists, residents, and shoppers pass through daily.
  • 3921 Highland Avenue is a three-story building with ground-level retail & office areas, a second-floor residential unit, and a third-floor penthouse.
  • Irreplicable location in the region’s commercial corridor, where many enjoy beach volleyball, surfing, upscale boutique shopping, & oceanfront dining.
  • Includes a short-term rental zoned excess lot, currently used as a parking lot with 10 spots, providing room for additional amenities and growth.
  • Nestled within a dense residential neighborhood, with over 139,082 households within a 5-mile radius, making an average household income of $159,219.

OVERVIEW

Welcome to 3921 Highland Avenue, an exceptional mixed-use property nestled in highly sought-after Manhattan Beach. Presenting a perfect blend of residential comfort and lucrative business potential, this destination 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, including 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. On the second level, there are three remodeled residential units. Showcasing a diverse unit mix, the apartments offer one two-bed, one-bath, a two-bed, one-bath with a den, and a studio. Each unit was designed with stylish finishes and functionality in mind. Finally, the top-floor penthouse is a true standout, capturing 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 opportunity 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 the interested party is an investor seeking diverse income streams or a homeowner looking to live in one of Southern California's most beautiful coastal cities, this property is a must-see.

FOR SALE DETAILS

PRICE

$5,450,000 USD

PRICE/SF

$1,692 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Convenience Store, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,576 SF

ZONING

MNCNE

APN/PARCEL ID

4137-010-005

ASK ABOUT THIS PROPERTY

Brett ZebrowskiPalm Realty Boutique DRE 01313739More Info
424-217-3334

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Brett ZebrowskiPalm Realty Boutique DRE 01313739More Info
424-217-3334

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.