3800 Highland Ave
Manhattan Beach, CA 90266
Office Property For Sale

3800 Highland Avenue, Manhattan Beach is a once in lifetime mixed-use, office over retail opportunity, two blocks from the beach. The property is located on the northwest corner of Highland Avenue & 38th Street. The property is three stories, with three tenants, and is 100% occupied. This opportunity consists of approximately 2,820 square feet of gross leasable space on 1,829 square feet of land (0.04 Acres). The current tenants include a family dentist, an attorney, and a marketing agency. Two of the three tenants have been occupants for over thirty years, and the third tenant moved in over two years ago. All three tenants wish to stay but are kept on month-to month tenancy to give buyer flexibility. The top unit has a deck not included in the square footage, along with ocean views from all three levels. The property has two tandem and one single carport parking spaces for a total of five on the property. The owner also leases four City parking lot spaces at $160 per space each for six-month periods and includes this cost in the expenses. Unit #200 gets two permits as they have only one carport space; units #100 and #300 which each have two carport spaces receive one permit space each. Unit #100 has an extra permit space and reimburses owner for their extra permit. Due to the month-to-month tenancy, an investor or an owner-user is given a blank canvas to accomplish a variety of different investment goals.