2700 Highland Avenue , Manhattan Beach, CA - 90266 is For Sale

  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
  • SB24024396
$16,950,000· Income property

Description

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.

Features

MLS#: SB24024396
List Price : $16,950,000
Total Units : 6
Sq M : 913 M2
Year Built : 1948
Days on market : 65 Days
Gross taxes : N/A
Address : 2700 Highland Avenue
City : Manhattan Beach
State : CA
Zip Code : 90266
Neighborhood : N/A
Appliances : Dishwasher, Gas Oven, Gas Range, Refrigerator
Fireplace Features : Living Room
Stories : 3
Laundry : Inside
Parking Features : Garage, Parking Space
Sale Type : Trust
Spa : None
View : Catalina, Coastline, Ocean, Panoramic, Park/Greenbelt, Pier, Water
 
Property Type : Residential Income
Original List Price : $16,950,000
Acres : 0.2255
Lot Size (Acres) : 0.2255
Heating : Forced Air
Water : Public
Sewer : Public Sewer
Parking Features : Garage, Parking Space
Pool Desc : Private, In Ground
Cooling : None
Rooms : Basement, Kitchen, Living Room
Driving Directions : 27th and Highland
Lot Features : Back Yard, Corner Lot, Lot 10000-19999 Sqft, Park Nearby, Yard
Pool : Yes
 
Courtesy of : David Salzman , Engel & Volkers LA South Bay

Location

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