1104 Highland AveManhattan Beach, CA 90266

Property Details for 1104 Highland Ave

Year built

1967

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

9,480 SF

Zone code

MNCD

Property type

Office buildings

APN

4179-006-018

APU

4179006018

Description

This exceptional 9,480 square foot creative office building, located at 1104 Highland Ave in Manhattan Beach, California, presents a unique investment opportunity. Built in 1967 and extensively renovated in 2010, this two-story building sits on a 5,996 square foot lot (APN 4179006018) and is zoned MNCD. The property boasts stunning ocean views, accessible via large second-story sliding glass doors. Ideal for an owner-user, the vacant building offers a full commercial kitchen and dining area, perfect for employee lunches and client meetings. Multiple conference rooms and several private offices provide ample space for both collaborative and individual work. The open-plan design encourages teamwork and productivity. Five dedicated parking spaces are included. This trophy property is situated in the heart of downtown Manhattan Beach, steps from the pier and a vibrant array of restaurants and retail establishments. The asking price is $14,500,000. This is a rare opportunity to acquire a prestigious and highly functional office space in one of Southern California's most desirable locations.

• CAP approach

  CAP return

  Valuation

  6%

  $3,192,230

  6.5%

  $2,946,680

  7%

  $2,736,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,287,140

  Geo Method

  $2,287,140

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,495,690

  Retail / Commercial

  $2,877,990

  Mixed-Use / Specialty

  $2,914,880

  Hospitality / Lodging

  $2,199,940

  Institutional / Educational

  $3,047,150

  Residential Income

  $3,565,170

  Multifamily

  $4,014,490

  Automotive / Energy

  $2,611,850

  Parking / Income-Based Land

  $854,734

  Restaurant / Food Service

  $1,616,680

  Healthcare / Senior Housing

  $2,940,810

Location Insight

City

Manhattan Beach

County

Los Angeles

State

California

Latitude

33.8847

Longitude

-118.409

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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