$16,950,000
For Sale

2700 Highland Avenue

Manhattan Beach, CA 90266
5027 sqft | 10 beds | 8 baths | 0.23 acres | #SB24037343
Listing OfficeEngel & Volkers LA South Bay
Browse 27 photos
Type:Purchase
Structure:House
Zone:Residential

Description

Please note this is a compound with 5 bedroom owner's unit and 4 separate units.
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.

  • Interior Details
      • Bedrooms10
      • Bathrooms8
      • Full Baths8
  • Property Details
      • ViewCatalina, Coastline, ParkGreenbelt, Ocean, Panoramic, Pier, Water
      • Lot DescriptionBackYard, CornerLot, NearPark, Yard
      • Stories3
    • Measurements
      • Acres0.2255
      • Square Feet5027
    • Parking
      • Parking Spaces4
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1948
  • Utilities / Energy Details
      • Sewer InformationPublicSewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • School DistrictManhattan Unified
      • CountyLos Angeles
  • Financial Details
      • Original List Price$16,950,000
  • Other
      • MLS #SB24037343

Location

Rami ElminoufiReal Estate Group
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years

Down Payment

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20.0%

Interest Rate

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5.0%

Tax Rate

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1.3%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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