$5,339,000
$111K PRICE DROP

3921 Highland Ave Manhattan Beach, CA 90266

Estimated payment $34,826/month

Total Views 27,247
5 Beds
4 Baths
3,221 Sq Ft
$1,658 Price per Sq Ft

Highlights

  • Corner Lot
  • Laundry Room
  • 1-Story Property
  • Grand View Elementary School Rated A

About This Home

Welcome to 3921 Highland Avenue, an exceptional mixed-use property nestled in the highly sought after City of Manhattan Beach. Offering a perfect blend of residential comfort, and lucrative business potential, this property 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 that include 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. With a thriving business in place, the commercial spaces also bring reliable cash flow that makes this property an attractive investment. On the second level there are 3 remodeled residential units (2bd/1bth, 2bd/1bth plus den, and a Studio Apt). Each unit was designed with stylish finishes and functionality in mind. The top-floor penthouse is a true standout, offering 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 property 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 you are an investor seeking diverse income streams or a homeowner looking to live in one of the Southern California's most beautiful coastal cities, this property is a must-see!

Listing Agent

Brett Zebrowski

Palm Realty Boutique, Inc. Brokerage Phone: 310-678-7158 License #01313739 Listed on: 03/20/2025

Palm Realty Boutique, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2021

Lot Details

  • 3,576 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 10 Open Parking Spaces
  • 2 Car Garage

Interior Spaces

  • 3,221 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 1 / 2
  • Tax Tract Number 4103
  • Assessor Parcel Number 4137010005
  • $2,366 per year additional tax assessments

Community Details

Overview

  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Electric Expense $1,528
  • Insurance Expense $6,325
  • Maintenance Expense $6,000
  • Other Expense $3,530
  • Trash Expense $2,769
  • Water Sewer Expense $1,321
  • New Taxes Expense $68,125
  • Operating Expense $89,598
  • Gross Income $316,050
  • Net Operating Income $226,464

Property Details

Home Type

Multi-Family

Year Built

Built in 2021

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 889833
  • Property Attached: No
  • Water Sewer Expenses: 1321.00
  • Zoning: MNCNE
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 4137010005
  • Year Built: 2021
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 40th
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 1657.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 10.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 2769.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 3576.00
  • Lot Size Acres: 0.0821

Multi Family

  • Electric Expense: 1528.00
  • Gross Income: 316050.00
  • Gross Scheduled Income: 316062.00
  • Insurance Expense: 6325.00
  • Lot Size Area: 3576.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 226464.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 89598.00
  • Other Expense: 3530.00
  • Rent Control: No
  • Total Actual Rent: 26338.50
  • Total Expenses: 89598.00

Tax Info

  • New Taxes Expense: 68125.00
  • Tax Block: 2
  • Tax Census Tract: 6202.01
  • Tax Lot: 1
  • Tax Tract Number: 4103
  • TaxOtherAnnualAssessmentAmount: 2366.00

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 Price Changed $5,339,000 -2.0% $1,658 / Sq Ft
03/20/2025 03/20/25 For Sale $5,450,000 -- $1,692 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Similar Homes in the area

  • 4210 The Strand, Manhattan Beach, CA 90266

    $6,250,000

    • 5 Beds
    • 4 Baths
    • 2,392 Sq Ft
    • 4210 The Strand
    • Manhattan Beach, CA

    This exceptional beachfront property features a duplex on an oversized 3,505 sq.ft. lot along Manhattan Beach’s iconic Strand. This 33' x 105' lot is 45% larger than the typical 2,400 sq.ft. (30' x 80') Hermosa Beach Strand lot, and 30% larger than the standard 2,700 sq.ft. (30' x 90') Manhattan Beach walk street lot. The front structure features a 3-bedroom, 2-bathroom home, while a detached

    Shawn Dugan Strand Hill Properties

    Section Image
  • 330 34th Place, Manhattan Beach, CA 90266

    $4,400,000

    • 6 Beds
    • 5 Baths
    • 5,392 Sq Ft
    • 330 34th Place
    • Manhattan Beach, CA

    Are you looking for a 4-Plex in the world famous "sand section" of Manhattan Beach? If so, 330 34th Place is just what you have been looking for! You know what they say in real estate... It is all about LOCATION, LOACATION, LOCATION, and this property is primely located within walking distance to the beach, all of the local shops, restaurants, bars, and entertainment. It is truly one of

    Mark Lima Lima Real Estate Group

    Section Image
  • 232 29th St, Manhattan Beach, CA 90266

    $3,995,000

    • 6 Beds
    • 6 Baths
    • 4,195 Sq Ft
    • 232 29th St
    • Manhattan Beach, CA

    232 29th Street is a rare triplex opportunity located on a highly coveted walkstreet on a full street-to-alley lot in the heart of Manhattan Beach. Just steps from the Strand and the 30th Street lifeguard tower—and only two blocks from Bruce’s Beach—this pride-of-ownership property blends timeless coastal charm with exceptional owner-user flexibility.The building features an ideal unit mix of

    Brett Lyon Lyon Stahl Investment Real Estate, Inc.

    Section Image
  • 124 17th St, Manhattan Beach, CA 90266

    $6,250,000

    • 4 Beds
    • 3 Baths
    • 1,720 Sq Ft
    • 124 17th St
    • Manhattan Beach, CA

    Discover a unique opportunity to own two prime Manhattan Beach residences, ideally located just steps from the iconic Manhattan Beach Strand and within walking distance to downtown’s renowned shopping and dining scene. Whether you're seeking a beachside primary residence with a second living unit, an A+ income property for a 1031 exchange, or a prime location for future development, this rare

    Richard Haynes Haynes Real Estate

    Section Image
  • 127 16th St, Manhattan Beach, CA 90266

    $6,200,000

    • 5 Beds
    • 3 Baths
    • 2,157 Sq Ft
    • 127 16th St
    • Manhattan Beach, CA

    A true legacy property this ultra-rare walk street-to-alley lot offers unmatched versatility, consistent cash flow, and blue-chip appreciation potential in one of the most coveted coastal markets in the country. Just four doors from the sand on a sun-soaked, south-facing walk street, this full 30 x 90 lot sits in the heart of Manhattan Beach's elite Sand Section. Whether you're looking to develop

    Alex Baker Pardee Properties

    Section Image
  • 125 9th St, Manhattan Beach, CA 90266

    $5,900,000

    • 6 Beds
    • 3 Baths
    • 2,316 Sq Ft
    • 125 9th St
    • Manhattan Beach, CA

    Only 3 Houses from the Strand!! Rare opportunity to own a Triplex in the 100 block (Strand Adjacent) of a highly coveted South Manhattan Beach Walk Street. This highly desirous property consists of three updated units (each two bedroom and one bathroom) and is always in demand. Ideally located just steps from the Strand, and downtown Manhattan Beach, this prime walk street location is perfect for

    Brett Zebrowski Palm Realty Boutique, Inc.

    Section Image
  • 1900 Vanderbilt Ln, Redondo Beach, CA 90278

    $6,075,000

    • 6 Beds
    • 3 Baths
    • 13,511 Sq Ft
    • 1900 Vanderbilt Ln
    • Redondo Beach, CA

    First time on the market! 1900 & 1904 Vanderbilt Ln, a unique and rare value-add multi-family investment opportunity situated in the heart of North Redondo Beach, a highly desirable area within the South Bay region of Los Angeles County. Offered for the first time in approximately half a century, this maintained apartment complex, known as the Vanderbilt Apartments, comprises five separate

    Justin McCardle Growth Investment Group Pasade

    Section Image

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25058788

California Regional Multiple Listing Service (CRMLS)