3216 Highland Avenue, Manhattan Beach, California 90266, Manhattan Beach, 90266 - bed, bath

3216 Highland Avenue, Manhattan Beach, California 90266 home-pic-0
ACTIVE$3,300,000
3216 Highland Avenue, Manhattan Beach, California 90266
0Bed
0Bath
2,768Sqft
3,510Lot
Year Built
1938
Close
-
List price
$3.3M
Original List price
$3.64M
Price/Sqft
$1,192
HOA
-
Days on market
-
Sold On
-
MLS number
SB25184664
Home ConditionFair
Features
Excellent View: Ocean
Patio
ViewOcean

About this home

We found 3 Cons,6 Pros. Rank: price - $3.30M(50th), sqft - 2768(50th), beds - undefined(50th), baths - undefined(50th).

Two blocks from the beach, surrounded by a vibrant retail scene, this four-unit property offers the opportunity to unlock significant upside potential through strategic renovation and repositioning. Separated into two structures, there is a ground-floor commercial space on Highland Avenue, and above it, a spacious 2-bedroom, 1-bathroom apartment boasts its own private outdoor living area. The rear building on Crest Drive hosts a cozy 1-bedroom, 1-bathroom unit with a private patio, and above it, spectacular unobstructed ocean views from Catalina to Malibu are enjoyed in the 3-bedroom, 2-bathroom unit. With strong rental demand and endless lifestyle appeal, this property offers both steady income today and exceptional upside for tomorrow in one of Southern California’s most coveted coastal markets. Recent improvements include exterior paint, interior updates and a complete refresh of the property.

Nearby schools

9/10
Grand View Elementary School
Public,K-50.4mi
9/10
Opal Robinson Elementary School
Public,K-51.5mi
10/10
Hermosa View Elementary School
Public,K-32.5mi
9/10
Manhattan Beach Middle School
Public,6-82.0mi
8/10
Hermosa Valley Elementary School
Public,4-82.5mi
9/10
Mira Costa High School
Public,9-122.3mi

Price History

Date
Event
Price
12/13/25
Price Change
$3,300,000-4.3%
11/10/25
Price Change
$3,449,000-1.4%
09/23/25
Price Change
$3,499,000-4.0%
08/22/25
Listing
$3,642,999
Condition Rating
Fair

The property was built in 1938, indicating an older structure. While the description mentions 'interior updates and a complete refresh,' the images reveal a mix of conditions across the four units. Some kitchens feature older wood cabinets and appliances (Image 3, 8), while another has basic white painted cabinets and newer-looking vinyl plank flooring (Image 6). Bathrooms are generally dated with older fixtures and tile (Image 11, 12, 13). Flooring varies between dark, worn hardwood/laminate and light carpet, none appearing recently installed or high-end. Light fixtures are mostly older flush-mount styles. The property is functional and maintained, but the updates appear to be cosmetic and piecemeal over time rather than a comprehensive modern renovation. This aligns with the 'fair' category, suggesting it requires minor updates to bring it to current standards, and major components show signs of being outdated, consistent with a property built over 20 years ago with renovations likely between 15-30 years ago for some units, and more recent basic refreshes for others.
Pros & Cons

Pros

Great Schools: Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
Exceptional Location: Situated just two blocks from the beach and surrounded by a vibrant retail scene in Manhattan Beach, one of Southern California's most coveted coastal markets.
Diversified Income Potential: A four-unit mixed-use property comprising a commercial space and three residential units, offering multiple income streams and strong rental demand.
Significant Value-Add Opportunity: Explicitly offers the opportunity to unlock substantial upside potential through strategic renovation and repositioning.
Premium Ocean Views: One of the residential units boasts spectacular, unobstructed ocean views stretching from Catalina to Malibu, a highly desirable feature.
Recent Property Refresh: Recent improvements including exterior paint, interior updates, and a complete refresh enhance the property's immediate appeal and readiness for tenants.

Cons

Age of Property: Built in 1938, the property's age suggests potential for outdated infrastructure and systems that may require significant capital investment beyond cosmetic updates.
Extensive Renovation Required: While offering upside, achieving 'significant upside potential' implies a need for substantial strategic renovation and repositioning, demanding considerable time and financial commitment from a buyer.
Recent Price Reductions: Multiple price drops from the original listing price indicate potential market resistance or initial overpricing, which could impact perceived value and future negotiations.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state