98 Highland Avenue, Manhattan Beach, California 90266, Manhattan Beach, 90266 - bed, bath
98 Highland Avenue
Manhattan Beach, California 90266
Property Price
SUMMARY
Analysis of 98 Highland Avenue, Manhattan Beach, California 90266 is currently available with a list price of $5,500,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
Originally built in 1937 with no evidence of major renovations in the last 50 years, the property features an extremely dated kitchen with old tile countertops and basic appliances. The listing explicitly markets the site as a redevelopment opportunity to build new luxury townhomes, confirming that the property's value is based almost entirely on the land and its potential for demolition.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
- Prime Coastal Location
Situated on a rare corner lot at the peak of the Sand Section, this property offers ocean views and immediate proximity to the beach, Downtown Manhattan Beach, and top-rated schools.
- Significant Development Potential
The large corner lot provides a versatile opportunity to renovate the existing duplex or redevelop the site into two luxury townhomes or a primary residence with an ADU.
CONSRISKS & DEFICIENCIES
- Dated Existing Structures
Originally built in 1937, the current duplex units likely require substantial modernization or a complete teardown to realize the property's maximum market value.
- High Acquisition Cost per Square Foot
With a list price of $5.5 million for just 1,142 square feet of existing living space, the value is heavily weighted toward land, necessitating a high-capital redevelopment strategy.
About 98 Highland Avenue
Incredible opportunity in the sand section of Manhattan Beach, this duplex is situated at the peak of 1st Street & Highland on a large corner lot with ocean views. Offering endless potential, 98 Highland presents a rare chance to own, renovate, reimagine, or build a new panoramic ocean view property (2 townhomes or a Home plus ADU, buyer to verify with City of MB). The duplex features two separate units with a big yard in between. The front unit consists of 2 bedrooms and 1 bathroom, while the back unit located above the garage offers 1 bedroom and 1 bathroom. Excellent parking with 3 garage spots, 1 onsite parking pad and parking in front of garages (except street sweeping days). Prime location next to the beach, Downtown Manhattan Beach, award winning schools, and local dining, this property captures the essence of coastal living.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1937
- Lot Size
- 3,382 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Manhattan Beach Unified Schools
Opal Robinson Elementary School
Grades K-5 • 0.1 mi
Hermosa View Elementary School
Grades K-3 • 1.1 mi
Grand View Elementary School
Grades K-5 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 3.0 | 47% |
| Baths | - | 3.0 | 47% |
| Square foot | 1,142 | 2,093 | 7% |
| Lot Size | 3,382 | 2,698 | 87% |
| Price | $5.50M | $3.01M | 80% |
| Price per sq ft | $4.8K | $1.4K | 93% |
| Built year | 1937 | 1958 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 179 | 7% |
Pricing History
Listed for Sale
Feb 20, 2026
$5,500,000
Initial Listing