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    3308 Highland Avenue

    Manhattan Beach, CA 90266
    • $2,250,000
    • STATUS: Active
    • ON SITE: 72 days
    • ID#: SB20198011
    UPDATED: 41 min ago
    $2,250,000
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,263
      SQFT
    • $1,781
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1948
    County:

    School Ratings & Info

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-03T23:29:16.727. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

    www.sellinglasouthbay.com/homes/110270693
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    3308 Highland Avenue Manhattan Beach, CA 90266

    • Price: $2,250,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: SB20198011
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    1,263
    SQFT
    $1,781
    $/SQFT
    1948
    Built
    Neighborhood:
    142 - Manhattan Bch Sand
    County:
    Los Angeles
    Area:
    142 - Manhattan Bch Sand
    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.
    Exterior Features

    Lot Features Level With Street Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 4.27 Country Us Gross Scheduled Income 96000.00 Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 96000.00 Property Sub Type Retail Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Brett Lyon of Lyon Stahl Investment Real Estate, Inc. and J.Woody Stahl of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-03T23:29:16.727. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

     
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    Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor
    28901 S. Western Avenue #139
    Rancho Palos Verdes CA, 90731