3901 Highland Avenue, Manhattan Beach (90266)
$11,750,000
0 
0
9,466
PROPERTY DETAILS
| Address: |
view address Manhattan Beach, CA 90266 Map Location |
Features: | Garage, Multi-level |
|---|---|---|---|
| Square Feet: | 9,466 sq.ft. | Lot Size: | 0.15 acres |
| Year Built: | 1961 | Property Type: | Mixed Use |
| County: | Los Angeles | List Date: | 2024-03-22 |
| Listing Number: | PW24057517 | Listed By: | Lyon Stahl Investment Real Est |
| Listing Office: | [email protected] | Days on market: | 36 |
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 7.56% 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. After potential renovations and conversions, the project is projected to stabilize at a 5.8% CAP Rate for long-term rentals. 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.
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Exterior
| Garage Size: | 13.00 | Parking Spaces: | 15.00 |
Property and Lot Details
| Has View: | Yes | Lot Acres: | 0.15 |
| Lot Has Ocean View: | Yes | Lot Number: | 34.00 |
| Lot Sqft: | 6,621.00 | Public Sewer: | Yes |
| Public Water: | Yes | Transaction Type: | Sale |
| Year Built: | 1961 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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