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Manhattan Beach Compound on 3.5 Lots

2 Properties Offered at $16,950,000 in Manhattan Beach, CA

Investment Highlights

  • This Property Has a Great Ocean View
  • The Property is Close Proximity to Downtown Manhattan Beach, North End Manhattan Beach, LAX, Downton Los Angeles, and Long Beach
  • This Property is Less Than 700 Fee From The Strand

Executive Summary

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.

Taxes & Operating Expenses (Pro forma - 2024)

Annual
Gross Rental Income $474,000
Other Income -
Vacancy Loss -
Effective Gross Income $474,000
Net Operating Income -

Taxes & Operating Expenses (Pro forma - 2024)

Gross Rental Income
Annual $474,000
Other Income
Annual -
Vacancy Loss
Annual -
Effective Gross Income
Annual $474,000
Net Operating Income
Annual -

Property Facts

Price $16,950,000
Price / SF $3,372 / SF
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 5,027 SF
Total Land Area 0.49 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
2700-2712 Highland Ave, Manhattan Beach, CA 90266 Multifamily 5,027 SF 1949 -
2700-2712 Highland Ave, Manhattan Beach, CA 90266 Land 0.26 AC - -
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  • Listing ID: 31012705

  • Date on Market: 2/21/2024

  • Last Updated:

  • Address: Manhattan Beach Compound on 3.5 Lots, Manhattan Beach, CA

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