1216 Highland Avenue $11,000,000

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    1216 Highland Avenue Manhattan Beach, CA 90266

    Closed
    SOLD 5/19/2022

    $11,000,000

    • 4,093 sq. ft.
    • 0.15 Acres
    • Commercial Sale
    • MLS# SB22001926
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    Property Details

    An absolute gem of a commercial development property! Located in the heart of downtown Manhattan Beach, an upscale beach community 35,000 year- round residents and nearly 4 million annual visitors, an offering of this kind almost never hits the market. Sited 2 short blocks from the renowned Manhattan Beach Pier and pristine two mile long beach, the spacious 6,534 sq. foot double lot offers expansive ocean views and all essential elements to support multiple business operations, including mixed use zoning, ample parking, high visibility on a flat buildable corner lot, city utilities, and much more. Very close distance to award-winning restaurants, quaint cafes, coffee shops and luxury boutiques, this extraordinary legacy property has been owned and managed by the same families for the past 50 years and only recently has come onto the market. Don't miss this rare development opportunity, as it is unlikely to be available again in our lifetime! The virtual picture has been changed by the color of the building to a contemporary color. The original picture is showing the building green with white trim and will remain on the photo roll, the new virtual color is grey beige with black trim and black doors which we are disclosing as the look that can be easily achieved.

    • General Features
      • Buyer Compensation 1.875 %
      • County Or Parish Los Angeles
      • Number Of Units Leased 4
      • YearBuilt 1946
    • Building Features
      • Cooling Central Air
      • Electric Electricity - On Property,Standard
      • Heating Forced Air
      • Laundry Features None
    • Property Features
      • Fencing None
      • Lot Features Corner Lot, Level with Street, Lot 6500-9999, Near Public Transit, Paved, Utilities - Overhead, Value In Land
      • Lot Size Acres 0.15
      • Topography flat
      • Waterfront Features Error: ClassID in tblMLSFieldPropertyType is null.
      • Parking Total 15.00

    Neighborhood

    90266 (Manhattan Beach) Demographics

    44 Median Age
    7,601 Population Density (per sq. mile)
    79% College Educated
    $153,023 Estimated Median Income
    9,344 Estimated Total Home Owners
    4,083 Estimated Total Renters
    70% / 30% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    35,500 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $2,900,000 Median Sales Price
    41 Homes Sold
    55 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network
        Based on information from California Regional Multiple Listing Service, Inc. as of 5/20/2022 4:53:14 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.