3920 Highland Ave

Manhattan Beach, CA 90266 View Map $7,150,000 Schedule a Tour
Sq.Ft. Lot4,186
Year1928
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Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:SB21100598
On Site:206 Days
Lot Size:4,186 Sq. Ft.
County:Los Angeles
SEE 3920Highland.com Rare multi family for sale within 2 blocks of the beach. Owners hold and enjoy the appreciation! BEST CAP RATE/cash flow in Manhattan Beach. Finishing 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 December. 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.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Community Information

Address:3920 Highland Ave Manhattan Beach, CA 90266
Zip Code:90266

Architecture

Year Built:1928
Building Area: 3274.0
Number of Buildings: 3
Total Units: 7
Unit 1: 1 Unit•1 Bath•Unfurnished•$2,600 actual rent•$2,600 total rent•$2,600 pro forma
Unit 2: 2 Units•1 Bed•1 Bath•Unfurnished•$3,900 actual rent•$7,800 total rent•$7,800 pro forma
Unit 3: 1 Unit•2 Beds•1 Bath•Unfurnished•$7,000 actual rent•$7,000 total rent•$7,000 pro forma
Unit 4: 1 Unit•1 Bath•Unfurnished•$3,900 actual rent•$3,900 total rent•$3,900 pro forma
Unit 5: 2 Units•2 Baths•Unfurnished•$6,000 actual rent•$6,000 total rent•$6,000 pro forma
Roof: Flat
Garage Spaces: 2.0
Parking Total: 2.0

Features / Amenities

Interior Features: Balcony, Granite Counters, AllBedroomsDown
Fireplace Features: Living Room
Flooring: Vinyl
Laundry: Common Area, Inside
Common Walls: 2+ Common Walls
Heating: Floor Furnace, Wood Stove, Wall Furnace

Rooms

Bedroom

Property Features

Lot Size: 0.1 Acres / 4,186 Sq. Ft.
Lot Features: Item01UnitAcre
View: Ocean
Utilities: Electricity Connected, Natural Gas Connected
Sewer: Public Sewer
Water: Public
Zoning:MNCNE
Directions:Rosecrans to Highland, turn right and go 3 blocks. Site is on your right.

Tax and Financial Info

Cap Rate: 3.0
Gross Income: $327,600
Gross Scheduled Income: $327,600
Net Operating Income: $215,772
Electric Expense: $1,000
Insurance Expense: $6,500
Maintenance Expense: $4,500
New Taxes Expense: $86,375
Trash Expense: $1,625
Water/Sewer Expense: $3,000
Operating Expense: $102,000<

Listing Agent/Office

Listing provided courtesy of Timothy Agee, Corcoran Global Living.

Schools

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3920 Highland Ave Manhattan Beach, CA 90266
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3920 Highland Ave Manhattan Beach, CA 90266
 
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Based on information from California Regional Multiple Listing Service, Inc. as of December 1, 2021. 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. IDX provided by Sierra Interactive.

Property Summary:

Home for sale at .

Description: The property at 3920 Highland Ave Manhattan Beach, CA 90266 in the subdivision with the MLS# SB21100598 is currently listed for $7,150,000 and has been on the market for 205 days.

GeoCoordinates:

33.90283
-118.418537

Listing Price: $7,150,000

You are viewing the CRMLS listing details of the home for sale at 3920 Highland Ave Manhattan Beach, CA 90266, which features 0 bedrooms and 0 bathrooms, and 0 sq.ft. of living area.