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3216 Highland Avenue, Manhattan Beach, California 90266, Manhattan Beach, 90266 - 6 bed, 4 bath

3216 Highland Avenue, Manhattan Beach, California 90266 home-pic-0
ACTIVE$3,300,000
3216 Highland Avenue, Manhattan Beach, California 90266
6Beds
4Baths
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
SB25185367
Home ConditionPoor
Features
Excellent View: Ocean
Patio
ViewOcean

About this home

We found 3 Cons,6 Pros. Rank: price - $3.30M(50th), sqft - 2768(50th), beds - 6(50th), baths - 4(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 refresh of the property.

Nearby schools

9/10
Grand View Elementary School
Public,•K-5•0.4mi
9/10
Opal Robinson Elementary School
Public,•K-5•1.5mi
10/10
Hermosa View Elementary School
Public,•K-3•2.5mi
9/10
Manhattan Beach Middle School
Public,•6-8•2.0mi
8/10
Hermosa Valley Elementary School
Public,•4-8•2.5mi
9/10
Mira Costa High School
Public,•9-12•2.3mi

Price History

Date
Event
Price
12/13/25
Price Change
$3,300,000-4.3%
11/08/25
Price Change
$3,449,000-1.4%
09/23/25
Price Change
$3,499,000-4.0%
08/21/25
Listing
$3,642,999
Condition Rating
Poor
Built in 1938, this multi-unit property, despite recent cosmetic 'refreshes' and exterior paint, requires substantial renovation and capital investment to modernize. The primary kitchen features dated honey-colored cabinets, speckled laminate countertops, black appliances, and old tile flooring, indicative of a renovation 20-40 years ago. The second kitchen is a basic white painted refresh, not a full modern renovation. While functional, the property's age and the need for 'significant renovation and capital investment to fully modernize' (as noted in the property analysis) suggest that major systems and finishes are outdated and require substantial rehabilitation beyond minor updates.
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 Coastal Location: Situated just two blocks from Manhattan Beach and surrounded by a vibrant retail scene, offering unparalleled coastal lifestyle appeal and strong rental demand.
Diversified Income Potential: A unique four-unit, mixed-use property featuring a ground-floor commercial space and three residential units, providing multiple revenue streams and investment versatility.
Premium Ocean Views: The top residential unit boasts spectacular, unobstructed ocean views stretching from Catalina to Malibu, significantly enhancing its market appeal and value.
Significant Investment Upside: Offers substantial potential for value appreciation and increased income through strategic renovation and repositioning in a highly coveted coastal market.
Highly-Rated School District: Located within the desirable Manhattan Unified School District, which adds to its long-term appeal for families and contributes to property value.

Cons

Property Age & Renovation Needs: Built in 1938, the property, despite recent refreshes, likely requires significant renovation and capital investment to fully modernize and maximize its income potential.
Recent Price Reductions: Multiple price reductions from the original list price suggest potential overpricing or market resistance, indicating a need for careful valuation and potentially a longer time on market.
Investment for Upside Realization: While offering upside, realizing the full potential requires a considerable investment in renovation and repositioning, which may not appeal to buyers seeking a turn-key asset.

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