3901 Highland Avenue

Manhattan Beach, CA 90266

$11,750,000
Price
5
Beds
18
Baths
9,466 Sq. Ft.
$1,241 / Sq. Ft.
9,466
Sq. Ft.
$1,241
per Sq. Ft.

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.
  1. Listed by Woody Stahl • DRE #01399621 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Est • woody@lyonstahl.com
  2. 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 Total
15
Private Pool
No
Cooling Type
None
Total Units
14.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
9466

Location

Listing Courtesy of Lyon Stahl Investment Real Est, Woody Stahl, DRE #01399621; Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818
Add your commute
LISTING UPDATED: 04/23/2024 09:37 AM

Property Details for 3901 Highland Avenue

StatusActive
MLS #PW24057517
Days on Market36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1961
Lot Size0.15 AC / 6,621 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Est, Woody Stahl, DRE #01399621; Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818
Add your commute

Building Information for 3901 Highland Avenue

Stories3Residences-Year Built1961Building Size-Lot Size0.15 AC / 6,621 SF

Payment Calculator

$73,966 per month

30 year fixed, 7.25% Interest

Principal and Interest

$64,125

Property Taxes

$9,841

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3901 Highland Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $578,904
  • Gross Scheduled Income: $578,904
  • Vacancy Allowance: 17367
  • Gross Operating Income: $561,537
  • Net Operating Income: $356,900
  • Cap Rate: 3.04
Expense Details
  • Operating Expense: $204,637
  • New Taxes Expense: $136,459
  • Gardener Expense: $1,200
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $9,466
  • Maintenance Expense: $17,367
  • Professional Management Expense: $28,945
  • Other Expense: $11,200
  • Other Expense Description: Utility
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $204,637
Tax / Assessment Info
  • Tax Block: 2
  • Tax Tract Number: 4103
  • Tax Census Tract: 6202.01
  • Tax Lot: 34
Community / Development
Community / Development
  • Community Features: Biking
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
Exterior Features
  • Entry Location: 1
  • View Description: Ocean
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 14
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 13
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 13
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,486
  • Unit Type Total Rent: $17,944
  • Unit Type Pro Forma: 7038
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,574
  • Unit Type Total Rent: $3,574
  • Unit Type Pro Forma: 5805
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 7
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,801
  • Unit Type Total Rent: $21,753
  • Unit Type Pro Forma: 4249
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,386
  • Unit Type Total Rent: $4,771
  • Unit Type Pro Forma: 5667
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1

Property History for 3901 Highland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

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3901 Highland Avenue is a mixed use property for sale in Manhattan Beach, CA 90266. This property was listed for sale on March 22, 2024 by Lyon Stahl Investment Real Est, it's currently listed at $11,750,000. It has been on the market for a total of 36 days and was last sold on November 15, 2021. This listing's school district is Manhattan Beach Unified School District. Nearby schools include Grand View Elementary School, Manhattan Beach Middle School and Mira Costa High School. 3901 Highland Avenue is a 5-bed, 18-bath, 9,466 sqft mixed use property built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Est, Woody Stahl, DRE #01399621; Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.