3901 Highland Avenue

Manhattan Beach, CA 90266

$10,995,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $1,161 / sqft

1961

calendar_month Built

Property Description

3901 Highland Ave is a trophy asset situated in the sand section of Manhattan Beach in El Porto. The property currently consists of 14 units with a beautiful courtyard and ocean views from multiple units and the outside decks. The current 9,466 SF building sits on a 6,621 SF lot west of Highland Ave providing easy access to the beach and nearby top-tier retail and restaurants. This property is zoned to permit short-term rentals with the potential to generate $1.8M annual revenue (Estimated STR data obtained from AIRDNA - which is the #1 platform for short-term rental data). It has a market cap of 8.15% operating as an AirBNB and offers any buyer the potential to own one of the hottest short-term rental properties in the Beach Cities. Alternatively, it has the potential to build 3 ADUs to maximize rental income. With its A+ location and upside potential, 3901 Highland Ave is a rare opportunity to add a legacy property to your portfolio at a great price and collect income at a strong CAP Rate for years to come while enjoying long-term appreciation. *Seller Will Entertain a Straight Trade or Trade Plus $$$

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Fireplace Information
Features None
Interior Information
Cooling Type None

Listing Information

Address 3901 Highland Avenue
City Manhattan Beach
State CA
Zip 90266
County Los Angeles
Listing Agent Woody Stahl DRE#01399621
Co-Listing Agent Brett Lyon DRE#01717818
Courtesy Of Lyon Stahl Investment Real Est
MLS PW24057517
List Price $10,995,000
Status Active
Type Residential Income
Subtype Commercial/Residential
Structure Size N/A
Lot Size 6,621
Year Built 1961
DOM 49

Exterior Information

Maps

Listing information courtesy of: Woody Stahl, Brett Lyon, Lyon Stahl Investment Real Est . *Based on information from the Association of REALTORS/Multiple Listing as of May 9th, 2024 at 3:35 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.