230 40th St
Manhattan Beach, CA 90266
3917-3912 Highland Ave - The Washtub · Retail Property For Sale

2 Parcel property to be sold together.... PRICE REDUCTION!!!! $4,350,000 The Property consist of 2 Parcel Number 4137-010-005 and 4137-010-006 Year Built/ Renovated: 1955 / 2007 Number of Apartment Units: 4 units and 2 Commercial Units Total Rentable Square Feet: 3,221 Property Type: Retail / Residential Zoning: MNCNE This property is a Storefront Retail / Residential building with 3 total floors and amazing views! The adjacent 1,786 square foot lot is currently being used for parking. The property’s additional lot creates a rare development opportunity for a savvy owner/user or investor. The property is located within the CNE zone which is intended for local businesses and also allows for residential use. Located in North Manhattan Beach, the subject property is conveniently located to restaurants, shops, and the beach with amazing views of the Pacific Ocean, Catalina Island, Palos Verdes, and Point Mugu. 6-unit mixed-use residential and retail building located in the highly sought after Manhattan Beach. Built in 1955, this 3,221 square foot building is located just blocks from the beach on the corner of 40th Street and Highland Ave, one of the major thoroughfares in Manhattan Beach. The building has three levels and consists of four apartments and two retail units. The apartment mix includes one studio, one 2 bedroom/1 bath, and two 2 bedroom and den/1 bath units, one of which is a penthouse occupying the complete top floor. There's a one car garage on 40th Street. All of the leases are month-to-month. The apartment units were completely rehabbed in 2005. The remodel included new kitchens and baths, hardwood floors, granite counter tops, and new plumbing and electrical. One of the two retail suites is "The Wash Tub", a coin-operated laundry and dry cleaning service which is included in the sale and operated by the Seller. Buyer can operate, re-tenant, or sell the laundry / dry cleaning business.