1216 Highland Avenue $13,500,000

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    1216 Highland Avenue Manhattan Beach, CA 90266

    • 4,093 sq. ft.
    • 0.15 Acres
    • Commercial Sale
    • MLS# SB21054017
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    Views: 297 Days On Market: 64

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    Property Details

    Available for the first time in over 50 years is this one-of-a-kind commercial property located in beautiful, world famous, downtown Manhattan Beach! Sited on the highly visible corner of 13th & Highland Ave. is this spacious double lot just waiting for you to develop your legacy property. This property is located a short 2 blocks to the world-famous Manhattan Beach Pier, the pristine beach and majestic Pacific Ocean. Just minutes from all of the world-class restaurants, cafes, coffee shops and luxury boutiques that downtown Manhattan Beach is so well known for. Foot traffic abounds around all of the exciting shops, restaurants and tourist attractions. This is a fabulous opportunity to own a prestigious legacy property in downtown Manhattan Beach!

    • General Features
      • Buyer Compensation 1.875 %
      • County Or Parish Los Angeles
      • Number Of Buildings 4
      • Number Of Units Leased 4
      • Year Built 1946
    • Building Features
      • Electric Electricity - On Property,Standard
      • Laundry Features None
    • Property Features
      • Lot Features Corner Lot,Level with Street,Lot 6500-9999,Rectangular Lot,Park Nearby,Value In Land
      • Lot Size Acres 0.15
      • Topography flat
      • Waterfront Features Beach Access,Ocean Access,Ocean Side of Freeway,Ocean Side Of Highway 1
      • Parking Total 15.00

    Contact

    Daniel Assayag

    Daniel Assayag

    Global Real Estate Advisor

    DRE# 01762501

    Catalina

    Mobile Phone: 310-493-2100

    Neighborhood

    90266 (Manhattan Beach) Demographics

    43 Median Age
    9,038 Population Density (per sq. mile)
    80% College Educated
    $144,868 Estimated Median Income
    9,452 Estimated Total Home Owners
    4,356 Estimated Total Renters
    68% / 32% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    35,573 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $2,960,309 Median Sales Price
    48 Homes Sold
    63 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $13,500,000
        5/13/2021 10:47:42 AM Price Reduced Source New Value: $13,500,000 -6.9%
        4/19/2021 7:00:51 AM Price Reduced Source New Value: $14,500,000 -9.32%
        3/15/2021 2:14:00 PM New in Database Source New Value: $15,990,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 5/18/2021 3:48:51 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.