2700 Highland AVE Manhattan Beach, CA 90266
Sale
$16,950,000
6 Units
10 Beds
8 Baths
5,027 Area(sq.ft.)
9,824 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | n/a | n/a | $ 3,500 |
| Unit 2 | 1 | 1 | 1 | No | n/a | n/a | $ 3,500 |
| Unit 3 | 1 | 1 | 1 | No | n/a | n/a | $ 4,500 |
| Unit 4 | 1 | 1 | 1 | No | n/a | n/a | $ 6,000 |
| Unit 5 | 1 | 1 | 1 | No | n/a | n/a | $ 5,000 |
| Unit 6 | 1 | 5 | 3 | No | n/a | n/a | $ 17,000 |
| 6 | 6 | 10 | 8 | $ 0 | $ 0 | $ 39,500 |
| MLS #: | SB24024396MR |
| Days On Market: | 21 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 3,372 |
| Price per unit: | $ 2,825,000 |
| Year Built: | 1948 |
Property Details
This property presents an exceptional development or redevelopment opportunity for investors or owner user buyers. With unparalleled scale and scope, this rare chance allows for the creation of a landmark project in one of the most prestigious beachfront communities in the United States. In this environment where luxury meets lifestyle, there is immense potential for visionary real estate endeavors. County records show this is one of the largest remaining Sand Section sites for development or renovation. Situated diagonally across from the park with spectacular views of The Strand, sand, surf and Pacific Ocean. 2700 Highland is a large 9,824 sq ft parcel with 5,027 sq ft of living space. This parcel offers a spacious apartment compound with a 5-bedroom owner s unit and four separate apartments. A fifth apartment was incorporated into the owner s unit to provide the 5th bedroom. 2712 Highland is a 1,574 sq ft parcel with 624 sq ft of living space. These 2 parcels boast a total living area of 5,651 sq ft and a combined lot square footage of 11,398 sq ft. 2700 and 2712 are being co-marketed. 2700: APN #4176-020-12 is listed as MLS SB24024396. 2712: APN #4176-020-013 is listed as MLS SB24024430. The units themselves require TLC but the renovation or development potential is unmatched in the Sand Section. Proforma rents are based on post renovation condition. Properties are offered together, if interested in purchasing as separate parcels, please contact listing agents. Building images are conceptual only. Tenant occupied, please do not disturb tenants.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 0 |
| Net Operating Income: | $ 0 |
Structure
| Community Features: | Curbs, Street Lights |
| Sewer: | Public Sewer |
| View Description: | Catalina, Coastline, Ocean, Panoramic, Pier, Water |
| Water: | Public |
Land & Parking
| Zoning: | MNRH |
| Land Lease Type: | Fee |
| Parking Garage: | Garage, Parking Space |
Interior
| Cooking Appliances: | Oven-Gas, Range |
| AC/Cooling: | None |
| Equipment: | Dishwasher, Inside, Refrigerator |
| Heating: | Forced Air |
| Fireplace Rooms: | Living Room |
| Laundry: | Inside |
Exterior
| Pool: | True |
| Pool Description: | In Ground, Private |
| Spa: | No |
Detailed Map
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Income
