3901 Highland Avenue
3901 Highland Avenue
$11,750,000
5
18
9,466
9,466
$1,241
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...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.
- Listed by Woody Stahl • DRE #01399621 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Est • woody@lyonstahl.com
- Listed by Brett Lyon • DRE #01717818 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 3901 Highland Avenue
View
Ocean
Parking Spaces Total15
Private PoolNo
Cooling TypeNone
Total Units14.0
Building TypeAttached
Lot Size SourceAssessor
Living Area9466
Location
LISTING UPDATED: 04/23/2024 09:37 AM
Property Details for 3901 Highland Avenue
Status | Active |
---|---|
MLS # | PW24057517 |
Days on Market | 36 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1961 |
Lot Size | 0.15 AC / 6,621 SF |
County | Los Angeles County |
Location
Building Information for 3901 Highland Avenue
Stories3Residences-Year Built1961Building Size-Lot Size0.15 AC / 6,621 SF
Payment Calculator
$73,966 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 3901 Highland Avenue
Property History for 3901 Highland Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3901 Highland Avenue
Taxable ValueLand$9,078,000Additions$1,021,200Total$10,099,200
Tax Record2023$118,092 ($9,841 / month)
Home Facts
Total Finished SqFt8,725 SqFtAbove Grade Finished SqFt8,725 SqFtLot Size6,619 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningMNCNECountyLOS ANGELESAPN4137-010-055
Schools near 3901 Highland Avenue
This home is within Manhattan Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Grand View Elementary School PublicK to 5 | ||
Manhattan Beach Middle School Public6 to 8 | ||
Mira Costa High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.