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

4108 Highland Avenue
Manhattan Beach, California CA 90266-3030
Price: $3,100,000
Listing ID SB18205227
Status Active
SqFt 3,682
Acres 0.052
Year Built 1990

Property Description:

Large, 4-story, North Manhattan mixed use building with roughly 3,000 sqft in residential living space and sweeping whitewater ocean views from Palos Verdes to Malibu. The property consists of two separate residential units consisting of a large 1-bed 1.5 bath top floor unit and a large 2-bed, 1.5-bath downstairs units which also boasts views and deck. The property has a large parking garage located on the second floor with gated entry offering 4 parking spaces with an additional storage. Additionally, there are two leased parking spaces on Crest of which the leases transfers over in the sale of the property. From the parking garage an elevator provides entry to the 3rd level which has 2-bedrooms a kitchen, den, master bath and half bath. The 4th floor offers a kitchen, master bedroom with walk-in closet, master bath and half bathroom off the kitchen. The 3rd and 4th floor living areas and decks offer beautiful 180 degree views. Each living area has a gas fireplace, plantation shutters, & open beam ceilings. Each kitchen has granite counters & built-in double oven, stove top, and refrigerator and laundry area inside. Additionally there is a street front commercial unit (approximately 600 sqft) to call your own, or lease out. All units within the property are presently owner occupied. - Buyer to verify all information

Primary Features

Cooling Type: None
County: Los Angeles
Heating Type: Forced Air
Interior Features: Beamed Ceilings, Cathedral Ceiling(s), Ceiling Fan(s), Elevator, Granite Counters, High Ceilings, Living Room Deck Attached
Lot Features: Corner Lot, Rectangular Lot
MLS Area Major: 142 - Manhattan Bch Sand
Special Listing Conditions: Standard
View Type: Catalina, Ocean, Panoramic, White Water
Year Built: 1990
Zoning: MNCNE

Additional

Accessibility Features: 2+ Access Exits, Accessible Elevator Installed
Community Features: Gutters
Land Lease: no
Laundry Features: In Closet
Laundry: yes
Lot Size Source: Assessor
Lot Size Units: Square Feet
Number Of Separate Electric Meters: 3
Number Of Separate Gas Meters: 1
Number Of Separate Water Meters: 1
Number Of Units Total: 3
Number With Dishwasher: 2
Number With Disposal: 2
Number With Range: 2
Number With Refrigerator: 2
Other Expense Description: Parking
Property Attached: no
Senior Community: no
Tax Lot: 4
Tax Tract Number: 4103
Vacancy Allowance: 4860
Vacancy Allowance Rate: 3
Water Source: Public
Year Built Source: Assessor

Interior Features

Appliances: Dishwasher, Disposal, Gas & Electric Range
Appliances: yes
Common Walls: No Common Walls
Cooling: no
Fireplace Features: Living Room
Fireplace: yes
Garage Spaces: 4
Heating: yes
Room Type: Kitchen, Laundry, Master Bathroom, Walk-In Closet

Financial Details

Cap Rate: 3.52
Electric Expense: 2616
Fuel Expense: 120
Gross Income: 162000
Gross Multiplier: 19.13
Gross Scheduled Income: 162000
Improvements Amount: 3000
Insurance Expense: 904
Net Operating Income: 109032
New Taxes Expense: 38750
Operating Expense: 48108
Other Expense: 500
Rent Control: no
Tenant Pays: Cable TV, Electricity
Total Expenses: 48108
Trash Expense: 804
Water Sewer Expense: 804

External Features

Lot Size Area: 2242
Lot Size Square Feet: 2242
Number Of Buildings: 1
Parking Total: 6
Pool Features: None
Private Pool: no
Sewer: Public Sewer
Uncovered Spaces: 2
View: yes

Location Information

Country: US

Zoning Info


© 2019. 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. Listing courtesy of William Joseph from Strand Hill Christies International Real Estate . Last updated Saturday, August 17th, 2019.

Contact - Listing ID SB18205227

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
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