3901 Highland Avenue Manhattan Beach, CA 90266
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 $$$
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site57 Days
- MLS StatusActive
- MLS ID NumberPW24057517
- Home Size Source N/A
- Year Built1961
- Lot Size0.152 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Assigned
- Parking Spaces 15
- Sewer Public Sewer
- Number of Stories Three Or More3
- Acreage 0.152
- Water Public
- Garage Spaces 13
- Zoning MNCNE
- Listing Conditions Standard
Interior Features
- Cooling None
- Fireplace Features None
- Laundry Features None
- Fireplace No
Exterior Features
- View Ocean
- Pool Features None
- Lot 11-15 Units/ Acre
Community Features
- Community Features Biking
- Senior Community No
- MLS Area 142 - Manhattan Bch Sand