2700 Highland Avenue, Manhattan Beach, CA 90266

$16,950,000
10
BD
8
BA
5,027
SqFt
List Price
$16,950,000
MLS#
SB24037343
Status
ACTIVE
Type
Single Family Residential
Bedrooms
10
Bathrooms
8
Living Area
5,027

Property 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 owners unit and four separate apartments. A fifth apartment was incorporated into the owners 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

Additional Information

Pool
Yes
Year Built
1948
View
Ocean, Panoramic, Pier, Water, Catalina, Coastline

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of Engel & Volkers LA South Bay, David Salzman.