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listing
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Residential IncomeFor Sale
$10,500,000
3901 Highland Avenue
Manhattan Beach, CA 90266
Listed by Woody Stahl DRE#01399621 [email protected] Lyon Stahl Investment Real Est
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$54,299/mo

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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Information courtesy of Lyon Stahl Investment Real Est is subject to verification and is not guaranteed.
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