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2201 Highland Ave 3,535 SF 100% Leased Retail Building Manhattan Beach, CA 90266 $2,400,000 ($678.93/SF)
Investment Highlights
- 50% ownership interest
- Built in 2007
- 3 units (one restaurant 1,535 SF + patio + Two apartments with Ocean View Patios
- All 3 patios have unblockable Ocean Views
- 13 car parking
- AirBnb upside potential
Executive Summary
I will be selling 50% interest in this property (Asking $2.6M for 50% equity interest).
Value of entire (100%) building is $6.8M. 1st TD is approximately $1.25M.
AirBnb upside potential.
Value of entire (100%) building is $6.8M. 1st TD is approximately $1.25M.
AirBnb upside potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,535 SF
Building Class
B
Year Built
2007
Price
$2,400,000
Price Per SF
$678.93
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.99
Lot Size
0.08 AC
Zoning
MNCL - Manhattan Beach Mixed Use
Parking
13 Spaces (3.68 Spaces per 1,000 SF Leased)
Frontage
92’ on Highland Ave
Amenities
- Signalized Intersection
Walk Score®
Very Walkable (76)
Nearby Major Retailers
Property Taxes
| Parcel Number | 4177-019-026 | Improvements Assessment | $729,017 |
| Land Assessment | $2,227,945 | Total Assessment | $2,956,962 |
Property Taxes
Parcel Number
4177-019-026
Land Assessment
$2,227,945
Improvements Assessment
$729,017
Total Assessment
$2,956,962
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Presented by
Condor Realty
2201 Highland Ave
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