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3921 Highland Ave 3,221 SF 100% Leased Retail Building Manhattan Beach, CA 90266 $6,965,641 CAD ($2,162.57 CAD/SF)
INVESTMENT HIGHLIGHTS
- Purchase a one-of-a-kind mixed-use asset offering panoramic ocean views, steady cash flow, expansion potential, and great frontage.
- 3921 Highland Avenue is a three-story building with ground-level retail & office areas, a second-floor residential unit, and a third-floor penthouse.
- Includes a short-term rental zoned excess lot, currently used as a parking lot with 10 spots, providing room for additional amenities and growth.
- Prominent corner lot in a high performing location with excellent visibility, over 63,153 tourists, residents, and shoppers pass through daily.
- Irreplicable location in the region’s commercial corridor, where many enjoy beach volleyball, surfing, upscale boutique shopping, & oceanfront dining.
- Nestled within a dense residential neighborhood, with over 139,082 households within a 5-mile radius, making an average household income of $159,219.
EXECUTIVE SUMMARY
Welcome to 3921 Highland Avenue, an exceptional mixed-use property nestled in highly sought-after Manhattan Beach. Presenting a perfect blend of residential comfort and lucrative business potential, this destination provides a rare opportunity to own a prime piece of real estate in one of California’s most vibrant and desirable beach communities.
The first level has two rentals, including a private corner office space and a fully leased, established laundromat that offers both a steady source of rental income and added convenience for the community. On the second level, there are three remodeled residential units. Showcasing a diverse unit mix, the apartments offer one two-bed, one-bath, a two-bed, one-bath with a den, and a studio. Each unit was designed with stylish finishes and functionality in mind. Finally, the top-floor penthouse is a true standout, capturing breathtaking panoramic views of the Pacific Ocean from Palos Verdes to Malibu.
The sale also includes the neighboring property at 3917 Highland Avenue, bringing the total lot size to 3,576 square feet. This expansion provides 10 parking spaces and a potential for growth, additional amenities, or even further development opportunities. Zoned to allow short-term rentals, this opportunity holds enormous potential for those looking to take advantage of the lucrative vacation rental market in Manhattan Beach.
Located just moments away from the iconic Manhattan Beach Pier, shops, restaurants, and the beach, 3921 Highland Avenue offers an incredible lifestyle in a highly coveted area. Whether the interested party is an investor seeking diverse income streams or a homeowner looking to live in one of Southern California's most beautiful coastal cities, this property is a must-see.
The first level has two rentals, including a private corner office space and a fully leased, established laundromat that offers both a steady source of rental income and added convenience for the community. On the second level, there are three remodeled residential units. Showcasing a diverse unit mix, the apartments offer one two-bed, one-bath, a two-bed, one-bath with a den, and a studio. Each unit was designed with stylish finishes and functionality in mind. Finally, the top-floor penthouse is a true standout, capturing breathtaking panoramic views of the Pacific Ocean from Palos Verdes to Malibu.
The sale also includes the neighboring property at 3917 Highland Avenue, bringing the total lot size to 3,576 square feet. This expansion provides 10 parking spaces and a potential for growth, additional amenities, or even further development opportunities. Zoned to allow short-term rentals, this opportunity holds enormous potential for those looking to take advantage of the lucrative vacation rental market in Manhattan Beach.
Located just moments away from the iconic Manhattan Beach Pier, shops, restaurants, and the beach, 3921 Highland Avenue offers an incredible lifestyle in a highly coveted area. Whether the interested party is an investor seeking diverse income streams or a homeowner looking to live in one of Southern California's most beautiful coastal cities, this property is a must-see.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,221 SF
Building Class
C
Year Built/Renovated
1935/2021
Price
$6,965,641 CAD
Price Per SF
$2,162.57 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.90
Lot Size
0.08 AC
Zoning
MNCNE - Zoned MNCNE (Manhattan Beach Neighborhood Commercial East)which allows for a mix of commercial/residential uses INCLUDING short-term rentals.
Parking
10 Spaces (3.1 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Waterfront
- Balcony
ABOUT BEACH CITIES/PALOS VERDES
The area has remarkable demographics, with incomes and education levels well above the Greater Los Angeles averages. These communities are also very dense and host throngs of tourists and day-trippers. All these factors provide an enviable consumer base, which makes the location compelling for retailers of all categories.
Hermosa, Manhattan, and Redondo Beach in the South Bay form one of the most attractive areas to live and play in Greater Los Angeles. The cities offer a compelling beach lifestyle, where one can surf, play volleyball, and bike on the sand. The piers of each town provide a unique focal point to gather with family and friends. The Beach Cities host numerous events and festivals over the course of the year, adding to the area’s appeal.
While the beach is the common denominator, each town has a unique vibe. Manhattan and Hermosa both have small, intimate downtown areas within sight of their piers, with upscale bars, restaurants, and shopping. Redondo Beach boasts its own harbor and a much larger pier than the other towns. The Pacific Coast Highway is the main artery of the area and has an abundance of retail along the corridor.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
10,747
77,353
344,583
525,236
2029 Population
10,529
75,321
334,913
510,833
2024-2029 Projected Population Growth
-2.0%
-2.6%
-2.8%
-2.7%
Median Age
43.9
42.7
39.5
41.2
College Degree + Higher
76%
66%
45%
31%
Daytime Employees
1,522
75,281
164,873
309,898
Total Businesses
278
7,599
19,624
35,714
Average Household Income
$191,263
$177,662
$135,944
$133,792
Median Household Income
$165,250
$152,190
$104,121
$103,718
Total Consumer Spending
$213.9M
$1.4B
$5B
$7.6B
2024 Households
4,586
30,952
127,845
197,530
Average Home Value
$1,070,089
$1,068,606
$947,275
$920,702
$ values in USD
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Fishbar Seafood Restaurant | Seafood | $$ | 2 min walk |
| Summers | Pizza | $ | 3 min walk |
| Crepe Lab | Crepes | $$ | 2 min walk |
| Fansea Sushi | Japanese | - | 3 min walk |
| M & Love Cafe | Cafe | $ | 6 min walk |
| Beach Pizza | Pizza | $$ | 6 min walk |
RETAIL |
||
|---|---|---|
| ExtraMile | Convenience Market | 6 min walk |
HOTELS |
|
|---|---|
| Tapestry Collection by Hilton |
127 rooms
3 min drive
|
| Hyatt House |
122 rooms
5 min drive
|
| Autograph Collection |
393 rooms
4 min drive
|
| City Express by Marriott |
53 rooms
4 min drive
|
| SpringHill Suites |
164 rooms
5 min drive
|
PROPERTY TAXES
| Parcel Number | 4137-010-005 | Improvements Assessment | $759,813 CAD |
| Land Assessment | $2,279,439 CAD | Total Assessment | $3,039,253 CAD |
PROPERTY TAXES
Parcel Number
4137-010-005
Land Assessment
$2,279,439 CAD
Improvements Assessment
$759,813 CAD
Total Assessment
$3,039,253 CAD
SALE ADVISOR
SALE ADVISOR
Brett Zebrowski, Broker/Owner
Brett Zebrowski specializes in selling Luxury homes. With over $1 billion in personal sales, Brett has established himself as both a Top Producing Broker and an Innovative Marketer. To market a distinctive home requires uncommon knowledge and resources. Most importantly it is essential to recognize that luxury home buyers are not just buying a house, they are buying a lifestyle. Brett’s specialty is conveying a compelling lifestyle message that will successfully sell your home!
A great starting point is to focus on what separates the home from the marketplace as unique and different. What makes the home stand out? Sometimes this will be obvious but, in many cases, Brett will need to dig deeper into the home itself, looking at the architecture, land, amenities and even the home history.
After establishing your unique marketing message, Brett will provide each homeowner with an interior and exterior diagnostic report. Brett’s Exclusive Design Team will determine if your home needs pre-market considerations. As an additional benefit, Brett’s Concierge Service will provide all the necessary professionals.
Brett is also President of Palm Realty Boutique. Palm Realty Boutique is a dynamic, growing real estate firm. He is building a team of best-in-class professionals. He recognizes that the right people, offering their ideas, talents, and expertise in the right positions will enable us to continue our trajectory of success.
A great starting point is to focus on what separates the home from the marketplace as unique and different. What makes the home stand out? Sometimes this will be obvious but, in many cases, Brett will need to dig deeper into the home itself, looking at the architecture, land, amenities and even the home history.
After establishing your unique marketing message, Brett will provide each homeowner with an interior and exterior diagnostic report. Brett’s Exclusive Design Team will determine if your home needs pre-market considerations. As an additional benefit, Brett’s Concierge Service will provide all the necessary professionals.
Brett is also President of Palm Realty Boutique. Palm Realty Boutique is a dynamic, growing real estate firm. He is building a team of best-in-class professionals. He recognizes that the right people, offering their ideas, talents, and expertise in the right positions will enable us to continue our trajectory of success.
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