3216 Highland Avenue Manhattan Beach, CA $ 3,300,000
3216 Highland Avenue
$ 3,300,000
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3216 Highland Avenue

Manhattan Beach, CA, 90266
$ 3,300,000
Baths1.0 Sq 2,768

Monthly Estimate*

$ 20,588

Listed by Vista Sotheby’s International Realty
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Studio

Multi-Family Home for sale in Manhattan Beach, CA

for $3,300,000 with 1 full bath. This 2,768 square foot home was built in 1938 on a lot size of 0.0806.

Two blocks from the beach, surrounded by a vibrant retail scene, this four-unit property offers the opportunity to unlock significant upside potential through strategic renovation and repositioning. Separated into two structures, there is a ground-floor commercial space on Highland Avenue, and above it, a spacious 2-bedroom, 1-bathroom apartment boasts its own private outdoor living area. The rear building on Crest Drive hosts a cozy 1-bedroom, 1-bathroom unit with a private patio, and above it, spectacular unobstructed ocean views from Catalina to Malibu are enjoyed in the 3-bedroom, 2-bathroom unit. With strong rental demand and endless lifestyle appeal, this property offers both steady income today and exceptional upside for tomorrow in one of Southern California’s most coveted coastal markets. Recent improvements include exterior paint, interior updates and a complete refresh of the property.

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Multi-Family Active

Price

$ 3,300,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.0806

Year Built

1938

Town/City

Manhattan Beach

County/Region

Los Angeles

MLS | Web ID

SB25184664

Days on Market

127

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling None
Utilities Cable Connected Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Close Of Escrow
Zoning MNCNE-D5
HOA Fee 0
Garage Spaces 3
Pool Features None
Year Built 1938
Electric Standard
Tenant Pays Cable TV Electricity Gas
View Ocean
Stories Count 2
Levels Two Multi/Split
Property Subtype Mixed Use
Gross Income 209400
Community Features Water Sports
County Los Angeles
Net Operating Income 148718
Operating Expense 54400
Insurance Expense 5000
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 2000
Facing Direction West
Garage Y/N true
Special Listing Conditions Probate Listing
Status Active
Directions South of 33rd on the East side of Highland Ave
City Manhattan Beach
Entry Location Street
Senior Community Y/N false
Number Of Units Total 4
MLS Area 142 - Manhattan Bch Sand
Lot Size Units Square Feet
Lot Size Square Feet 3510
Number of Units Leased 2
Listing Terms Cash Cash to New Loan 1031 Exchange
Property Attached Y/N true
Land Lease Y/N false
Trash Expense 600
Water Sewer Expense 1200
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 6
Total Actual Rent 6390
Property Sub Type Additional Mixed Use
Taxes 39600
Cap Rate 4.51
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Interior
Flooring Wood
Fireplace Features Family Room
Total Stories 2
Common Walls 1 Common Wall
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N true
Laundry Features Inside Stacked
Entry Level 1
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Exterior
Parking Features Garage Garage Faces Rear
Lot Features 0-1 Unit/Acre
Water Source Public
Total Parking 3
Lot Size Area 3510
Number of Buildings 2
Building Area Total 2768
Lot Size Acres 0.0806
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Road Frontage Type City Street
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* Excluded Features
List By
Vista Sotheby’S International Realty

Broker

tonyrogondino@gmail.com

Email

Affordability Calculator

$20,588
Per Month
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Monthly Principal & Interest
$20,588
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/13/2025$3,300,000 -4.32% Price Down
11/20/2025$3,449,000 Listed Price

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3216 Highland Avenue, Manhattan Beach, CA, 90266 is a Multi-Family Home for sale at $3,300,000 with 2,768 sqft and a lot size of 0.0806. 3216 Highland Avenue is a studio with 1.0 baths and was built in 1938. The property's zip code is 90266 which is in Manhattan Beach, CA