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    3920 Highland Avenue

    Manhattan Beach, CA 90266
    • $7,150,000
    • STATUS: Active
    • ON SITE: 134 days
    • ID#: SB21100598
    UPDATED: 52 min ago
    $7,150,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    SEE 3920Highland.com Rare multi family for sale within 2 blocks of the beach. Last sale was in 2017. Owners hold and enjoy the appreciation! BEST CAP RATE/cash flow in Manhattan Beach. OWNER MOTIVATED! Finished with a complete remodel. Pictures show the condo quality. Great unit mix Beautiful views from Palos Verdes to Malibu. A studio, 2 1+1s, a 2bdrm+1 ba, tiny house and two commercial units. Purchase now and place your own tenants or let the current owner do the work for you. Units will be leased in October. Located so close to the sand and surf, this is a high demand area with low vacancy. There is a possibility of adding an ADU. Showings available.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-23T19:33:30.847. 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 deemed reliable but is not guaranteed accurate by the MLS or CENTURY 21 Jordan-Link & Co.. Licensed in the State of California, USA.
    www.century21jordanlink.com/homes/117034011
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    3920 Highland Avenue Manhattan Beach, CA 90266

    • Price: $7,150,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: SB21100598
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    1928
    Built
    Neighborhood:
    142 - Manhattan Bch Sand
    County:
    Los Angeles
    Area:
    142 - Manhattan Bch Sand
    Property Description
    SEE 3920Highland.com Rare multi family for sale within 2 blocks of the beach. Last sale was in 2017. Owners hold and enjoy the appreciation! BEST CAP RATE/cash flow in Manhattan Beach. OWNER MOTIVATED! Finished with a complete remodel. Pictures show the condo quality. Great unit mix Beautiful views from Palos Verdes to Malibu. A studio, 2 1+1s, a 2bdrm+1 ba, tiny house and two commercial units. Purchase now and place your own tenants or let the current owner do the work for you. Units will be leased in October. Located so close to the sand and surf, this is a high demand area with low vacancy. There is a possibility of adding an ADU. Showings available.
    Exterior Features

    Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 5 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes Roof Flat View Ocean View YN Yes

    Interior Features

    Common Walls 2+ Common Walls Fireplace Features Living Room Fireplace YN Yes Flooring Vinyl Heating Floor FurnaceWood StoveWall Furnace Heating YN Yes Interior Features BalconyGranite CountersAll Bedrooms Down

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3 Common Interest None Community Features BikingStreet LightsWater Sports Electric Expense 1000 Fuel Expense 0 Garage YN Yes Gross Income 327600 Gross Scheduled Income 327600 Insurance Expense 6500 Land Lease YN No Laundry Features Common AreaInside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Maintenance Expense 4500 Net Operating Income 215772 New Construction YN No New Taxes Expense 86375 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 102000 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Trash Expense 1625 Utilities Electricity ConnectedNatural Gas Connected Vacancy Allowance 9828 Vacancy Allowance Rate 3 Water Sewer Expense 3000 Water Source Public Zoning Mncne

    Listing provided courtesy of Timothy Agee of Corcoran Global Living


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-23T19:33:30.847. 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 deemed reliable but is not guaranteed accurate by the MLS or CENTURY 21 Jordan-Link & Co.. Licensed in the State of California, USA.
     
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    Visalia CA, 93277