Price Reduction
Address
3308 Highland Avenue Manhattan Beach, CA
Price
$ 2,250,000
Property Attributes
  • MLS#SB20198011
  • TypeCommercial
  • CountyLOS ANGELES
  • CityManhattan Beach
  • AreaManhattan Bch Sand
  • Zip90266
  • StyleRetail
  • Price$ 2,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1263
Listing Provided Courtesy Of:
Brett Lyon with Lyon Stahl Investment Real Estate, Inc..
Property Description

3308 Highland Ave is a 1,263 SF single-tenant retail building situated on a 1,756 SF lot just 3 blocks from the Strand. This is a rare opportunity to own retail space on Highland Ave with a NNN tenant (cycling studio) that currently pays $6.33/SF/month. The location is ideal for a future owner user or 1031 Exchange Buyer and is uniquely situated on a pedestrian-friendly street that sees more than 38,000 cars per day. Currently stabilizing at a 4.27% CAP, this asset offers little management responsibility, strong cash flow, and tremendous growth potential due to its unbeatable location in Manhattan Beach.

Price History
9/22/2020 Listed $2,560,000
11/11/2020 13% - $2,250,000

General Features

Co-Listing Agent Last Name Stahl
Co-Listing Agent Last Name J.Woody
Co-Listing Agent State License # 01399621
Co-listing Agent J.Woody Stahl - BRE#01399621
Directions 1 Lot North of Highland Ave and 33rd St.
Listagentaor South Bay
Listing Agent Brett Lyon - BRE#01717818
Listing Agent State License 01717818
MLS Area 142 - Manhattan Bch Sand
Price Per Square Foot 1781.47
Property SubType Retail
Property Type Commercial Sale
Source System CRMLS
Special Listing Conditions Standard
Total Units 1

Interior Features

Condo Area Unit Type Square Feet
Laundry Features None
Total Stories 1

Exterior Features

Building Area Total 1263.00
Lot Size Source Assessor
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90266

Price
AVG $310K
$2.25M
Visits
AVG 47
41
Year Built
AVG 1971
1948

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