$10,500,000
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3901 Highland Avenue Manhattan Beach, CA 90266
Mixed Use
Residence
Beds
Baths
...
Bed/Bath
9,466
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 8.59% 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 $$$
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MLS#
PW24057517
Property Type
Mixed Use
Year Built
1961
Square Feet
9,466
sq. ft
Lot Size
0.15
Sewer
Public Sewer
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Source: Walk Score®
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