For more information on this property, contact Alison Clay-Duboff at 310-200-3037 or [email protected]

3917 Highland Avenue
Manhattan Beach, California CA 90266
Price: $3,800,000
Listing ID NP19073532
Status Active
SqFt 3,221
Year Built 1957

Property Description:

Two adjacent parcels ( 4137 010 005 and 006)being sold together 1 block above Ocean Dr between 40th and El Porto. Both parcels are mixed use zoning. Corner parcel currently has a fully functioning laundry mat with garage access on the street level on 40th street ( see listing photos). Upper levels have 3 separate residential units: Two -2 bedroom apartments leased for 2800.00 and 3800/month, and one 3 bedroom penthouse apt at 4500/month, all with ocean views and just a short walk to the sand. All are currently leased. Additionally there is a small studio apartment that has been a weekly rental that leases out for 1500-2000/mo. Total building sq footage is 3221. Garage enters on 40th St. The adjacent parcel, 3917 Highland is currently an empty parking lot. Seller has a person who is interested in leasing and managing the laundry business at 16K/month + 20% of gross income rate. Business plan for the laundry could generate 80K/month. Call for more info on that. Current owner has all environmental reports and inspection reports from when he purchased the property in 2011. OWNER HAS NEARLY COMPLETED A TOTAL REMODEL OF ALL THE RESIDENTIAL UNITS. NEW PRICE REFLECTS NEW VALUE IN RENTAL RATES.

Primary Features

County: Los Angeles
MLS Area Major: 142 - Manhattan Bch Sand
Property Sub Type: Mixed Use
Property Type: Commercial Sale
Special Listing Conditions: Standard
Year Built: 1957

Financial Details

Interior Features

Additional

Building Status: Existing
Land Use: Other, Retail
Laundry Features: Individual Room, Inside
Lot Size Source: Assessor
Water Source: Public

External Features

Number Of Buildings: 1

Location Information

Country: US
Street Number: & 3921

Zoning Info


© 2020. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Last updated Friday, February 21st, 2020.

Based on information from CARETS as of Friday, February 21st, 2020 09:01:06 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Contact - Listing ID NP19073532

Alison Clay-Duboff

1040 Manhattan Beach Blvd
Manhattan Beach, CA 90266
Phone: 310-200-3037
Fax: 310-265-6050

Data services provided by IDX Broker
{"page":"listing","idxID":"d025","listingID":"NP19073532","extra":"","printable":"","type":"detailsContact"}
https://www.alisonisrealestate.com
details.php
https://search.alisonisrealestate.com
details