Manhattan Beach, CA 90266,1300 Highland AVE #109
$710,000
Est. payment /mo
$825,000
13.9%
Est.Price: ?

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9,975 Sqft Lot
SOLD DATE : 09/15/2022

Key Details

Sold Price $710,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB22102450

Sold Date 09/15/22

HOA Y/N No

Year Built 2009

Lot Size 9,975 Sqft

Property Description

NNN Leased investment opportunity with current cap rate of 4.01. PRIME West facing retail unit #109 (Tenant is Goodboybob Coffee) in the 1300 Highland Shops & Work Lofts which is an extraordinary mixed-use complex that seamlessly blends together work and pleasure and is ideally situated among a vibrant community of forward-thinking businesses. This inspired development was artfully designed in 2009 by master architects to maximize ocean breezes and natural light. Located in the heart of downtown Manhattan Beach, the complex is just steps from the sparkling Pacific, numerous award-winning restaurants, and year-round community events. The exposed steel structure, bleached cedar cladding and individual private balconies and patios, echo the community’s modern beach homes, while its 10,000 square-foot basement with spa locker rooms, steam showers, and private storage helps you mix more play into your work day. Arrive without the hassle of street parking via an underground garage. The South Bay is the southern Silicon Beach, packed with VCs, technology startups and creatives, as well as a healthy mixture of aerospace, retail and traditional professional services.

Location

State CA

County Los Angeles

Area 142 - Manhattan Bch Sand

Zoning MNCD

Interior

Heating Electric

Cooling Electric

Fireplace No

Laundry None

Exterior

Utilities Available Cable Connected, Electricity Connected, Phone Available, Sewer Connected, Water Connected

Roof Type Membrane

Total Parking Spaces 18

Building

Lot Description 0-1 Unit/Acre

Water Public

Others

Tax ID 4179004042

Security Features Fire Sprinkler System,Security Gate

Acceptable Financing Submit

Listing Terms Submit

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Michael Rossi • Strand Hill Christies International Real Estate
Bought with Michael Rossi • Strand Hill Christies International Real Estate

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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