Property profile

3308 Highland Ave Manhattan Beach, CA 90266

OFF-MARKET
Retail space
Property ID
US09-8204321
1,263 SF 0.04 ac lot Built 1948
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Manhattan Beach commercial property, located at 3308 Highland Ave, offers 1,263 square feet of versatile space ideal for a variety of uses. Situated on a 1,756 square foot lot, this single-story building boasts high visibility and walk-in traffic, thanks to its prime location just three blocks from the Strand in a pedestrian-friendly area with abundant local businesses and restaurants. The property features a current configuration of two large rooms with two private bathrooms, each equipped with multiple shower stalls. Previous tenant improvements include locker rooms with showers, laundry hookups, and new exterior windows. A large covered storage area (not included in the square footage) adds significant utility. The MNCNE-D5 zoning permits a wide range of uses, including retail sales, banks, artist studios, and office space. Public street parking is available, with a parking structure conveniently located two blocks away. The property's proximity to major freeways (105 and 405) and LAX provides easy access for commuters and clients. The asking price is $1,899,000, and the lease type is NNN. This is a rare opportunity to acquire a well-maintained, highly visible commercial property in the desirable North Manhattan Beach area. The property is immediately available for sale or lease.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1948
Construction TILT-UP CONCRETE
Total area 1,263 SF
Lot 0.04 ac (1,756 SF)
Zoning code MNCNE-D5
APN 4175-019-024
UPID US09-8204321

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing Store
  • Gym & Fitness Center

Location

3308 Highland Ave Manhattan Beach, CA 90266-3835
Manhattan Beach metro Census 620305 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 2025
6 recorded transactions
2025
Price N/A
2025
$2.0M
2014
$890,000
2002
Price N/A
1990
$350,000
1963
Price N/A

Zoning & alternative use

MNCNE-D5 · Manhattan Beach, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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