2712 Highland Avenue, Manhattan Beach, California 90266, Manhattan Beach, 90266 - 1 bed, 1 bath

2712 Highland Avenue, Manhattan Beach, California 90266 home-pic-0
ACTIVE$16,950,000
2712 Highland Avenue, Manhattan Beach, California 90266
1Bed
1Bath
624Sqft
1,574Lot
Year Built
1950
Close
-
List price
$16.95M
Original List price
$16.95M
Price/Sqft
$27,163
HOA
-
Days on market
-
Sold On
-
MLS number
SB24039715
Home ConditionPoor
Features
Excellent View: None
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $16.95M(99th), sqft - 624(1th), beds - 1(3th), baths - 1(8th).

This property presents an exceptional development or redevelopment opportunity for investors or owner user buyers. With unparalleled scale and scope, this rare chance allows for the creation of a landmark project in one of the most prestigious beachfront communities in the United States. In this environment where luxury meets lifestyle, there is immense potential for visionary real estate endeavors. County records show this is one of the largest remaining Sand Section sites for development or renovation. Situated diagonally across from the park with spectacular views of The Strand, sand, surf and Pacific Ocean. 2700 Highland is a large 9,824 sq ft parcel with 5,027 sq ft of living space. This parcel offers a spacious apartment compound with a 5-bedroom owner’s unit and four separate apartments. A fifth apartment was incorporated into the owner’s unit to provide the 5th bedroom. 2712 Highland is a 1,574 sq ft parcel with 624 sq ft of living space. These 2 parcels boast a total living area of 5,651 sq ft and a combined lot square footage of 11,398 sq ft. 2700 and 2712 are being co-marketed. 2700: APN #4176-020-12 is listed as MLS SB24024396. 2712: APN #4176-020-013 is listed as MLS SB24024430. The units themselves require TLC but the renovation or development potential is unmatched in the Sand Section. Proforma rents are based on post renovation condition. Properties are offered together, if interested in purchasing as separate parcels, please contact listing agents. Building images are conceptual only. Tenant occupied, please do not disturb tenants.

Nearby schools

9/10
Grand View Elementary School
Public,K-50.2mi
9/10
Opal Robinson Elementary School
Public,K-51.3mi
10/10
Hermosa View Elementary School
Public,K-32.3mi
9/10
Manhattan Beach Middle School
Public,6-81.9mi
8/10
Hermosa Valley Elementary School
Public,4-82.3mi
9/10
Mira Costa High School
Public,9-122.1mi
Condition Rating
Poor

The property was built in 1950 and the listing mentions that the units require TLC. The images confirm this, showing outdated kitchens and bathrooms, worn flooring, and an overall need for substantial renovation. While the location is desirable, the current condition necessitates significant repairs and updates.
Pros & Cons

Pros

Development Opportunity: The property offers a rare development or redevelopment opportunity in a highly desirable beachfront location.
Prime Location: Located in the prestigious Manhattan Beach Sand Section, diagonally across from the park with ocean views.
Lot Size: Combined with the adjacent parcel, the property boasts a significant lot size of 11,398 sq ft, offering ample space for a substantial project.

Cons

Condition: The existing units require significant TLC, potentially requiring a substantial investment for renovation or redevelopment.
Tenant Occupied: The property is currently tenant-occupied, which may complicate showings and the immediate commencement of any development plans.

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