3814 Highland Ave - Apartments FOR SALE


Manhattan Beach, CA 90266
$4,995,000 USD
707-225-2402
3814 Highland Ave, Manhattan Beach, CA for Sale
$4,995,000 USD
Apartments - FOR SALE
1/13
null | 3.07% Cap Rate

3814 Highland Ave
Manhattan Beach, CA 90266


HIGHLIGHTS

  • First Time on the Market Since Built/1960
  • Select Units Have Ocean Views
  • Less Than 500 Feet to the Coastline
  • 8 Garages + 5 Additional Spots

OVERVIEW

We are pleased to present our newest exclusive listing in the highly sought after Manhattan Beach market. The Sounds of the Sea Apartments is being offered for sale by the original family who built the property back in 1960. The property is located less than 500 feet from the Pacific Ocean and El Porto - a renowned surf location with white sand beaches, volleyball, dolphin sightings and more. The property boasts a diverse unit mix of studios, one bedrooms, and two bedrooms while 3 of the units have ocean views. There are a total of 8 garage spots plus 5 non-covered parking spots. The property was built with large sun decks, which tenants enjoy year-round. The property also has a 300 sqft non-conforming bachelor unit, which will be delivered vacant. Living at The Sounds of the Sea Apartments gives you access to everything Manhattan Beach has to offer. You are seconds away from your local restaurants, shops, and nightlife. Located just minutes away from the famous Strand and a short bike ride to downtown Manhattan Beach. A new owner can explore converting the garages to ADUs, modernizing the exterior and interiors of the property, and commanding top rents for a one of a kind living experience for their tenants. For more information, please reach out to the listing agent.

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$1,454 USD /SF

# OF UNITS

9

PRICE/UNIT

$555,000

CAP RATE

3.07%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Sounds of The Sea Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,611 SF

ZONING

MCNE

APN/PARCEL ID

4137-002-014

ASK ABOUT THIS PROPERTY

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.