921 Highland Avenue, Manhattan Beach, California 90266, Manhattan Beach, 90266 - 5 bed, 4 bath
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Manhattan Beach, California 90266
Analysis of 921 Highland Avenue, Manhattan Beach, California 90266 is currently available with a list price of $10,500,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Manhattan Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property is a 1932 Spanish-style home that the listing explicitly describes as 'functionally obsolete' and being sold for 'land value.' The description and property analysis both state that the structure requires immediate demolition to make way for new construction, which aligns perfectly with the tear-down criteria.
Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
A rare double lot on a walk street west of Highland, offering unparalleled development potential in one of Manhattan Beach's most exclusive and tightly held sub-markets.
Ideally situated just steps from downtown Manhattan Beach and the ocean, providing world-class access to premier dining, shopping, and the beach while maintaining a quiet setting.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The existing 1932 Spanish-style home is functionally obsolete due to environmental conditions, requiring immediate demolition and a complete new construction project.
Offered at land value for $10.5M, the property requires a significant upfront investment followed by substantial construction costs to realize its full potential.
921 Highland Ave presents a rare opportunity to acquire a double lot walk street property west of Highland in South Manhattan Beach—one of the most sought-after and tightly held locations in the coastal market. Opportunities in this sub-market are extremely limited, with walk street properties west of Highland rarely coming available and double lot offerings almost never seen. Ideally located on the southwest corner of 10th Street and Highland, the property is just a few hundred feet from Manhattan Beach Boulevard and downtown, offering exceptional walkability to the beach, shops, and restaurants while still maintaining a quiet walk street setting. The property includes a 1932 Spanish-style home that is functionally obsolete due to environmental conditions and will be sold as land value, presenting a clear opportunity for new construction in a premier location. Offered as either a full double lot or as a single interior walk street lot, providing flexibility for a range of build options. Parking lots to the west off Bayview Drive create unique view corridors and a more open feel than typically found on walk street properties, allowing for enhanced light and orientation that is uncommon in this sub-market.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
Grades K-3 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 60% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 3,107 | 2,586 | 58% |
| Lot Size | 5,409 | 4,801 | 63% |
| Price | $10.50M | $3.50M | 96% |
| Price per sq ft | $3.4K | $1.5K | 98% |
| Built year | 1932 | 1981 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 154 | 3% |
Apr 2, 2026
$10,500,000
Initial Listing
Jul 14, 2014
$5,400,000
Public Record