Active

3901 Highland AVE

MANHATTAN BEACH CA, 90266

$10,500,000


$1,109.23 per sqft

Active

5 Beds

5 Baths

9,466 sqft

Residential

Built in 1961

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 $$$

PW24057517MR

MLS ID

March 22, 2024

Listed

May 22, 2024

Updated

Map

3901 Highland AVE
MANHATTAN BEACH CA, 90266

Interior Features

Total Stories

3


Bedrooms

5


Total Bathrooms

5


Laundry Description

None


Fireplace

Yes


Fireplace Description

None


Cooling

No


Cooling Description

None


Heating

No

Exterior/Building Features

Lot Size

0.15 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Manhattan Beach Sand


Days on Market

61


Garage

Yes


Garage Spaces

13


Parking

Assigned


Parking Total

15


View

Yes


View Description

Ocean


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

MNCNE

Listing History

Date

Event

Price

5/22/2024

Price Change

$10,500,000

-5%

5/8/2024

Price Change

$10,995,000

-7%

Listed by Woody Stahl with Lyon Stahl Investment Real Est
Listing Contact: 310-425-9838 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Amalfi Estates shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 5/22/2024

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