- N/A BR
- 0 BA
- N/A SqFt.
- 9,334 Lot
- $21,000,000
- Active
- DOM: 224
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 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.
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Property Details for 3901 Highland Avenue
Listing Details
- Listing Advertised By
- Dave Fratello, Edge(310) 243-6299|
|
- Listing Presented By
- Woody Stahl
- Listing Brokered By
- Lyon Stahl Investment Real Est
- Type
- Residential Income, Mixed Use
- Year Built
- 1961 (Assessor)
- MLS Area
- 142 - Manhattan Bch Sand
Price and MLS Information
- Status
- Active | Listing History
- MLS Days on Mkt.
- 47 DOM
- Combined DOM*
- 47
- First Date Active
- March 22nd, 2024
- Current Price
- $10,995,000
- Orig. List Price
- $11,750,000
- MLS® #
- PW24057517
- APN
- 4137010055
- Special
- Standard
Home Interior Information
- Levels/Stories
- Three Or More
- Cooling
- None
- Fireplaces
- None
Room Information
- Laundry
- None
Exterior Information
- Lot Description
- 11-15 Units/Acre
- Lot Size (sq. ft.)
- 6,621
- Lot Size (acres)
- 0.15
- Pool
- None
- Parking Spaces
- 15
- Garage Spaces
- 13
View, Style & Tour Information
- View
- Ocean
Utilities Information
- Water Source
- Public
Additional Information
- Zoning
- MNCNE
- Buyer's Brokerage Fee
- 2.250
- Co-Agent
- Brett Lyon
- Co-Agent Office
- Lyon Stahl Investment Real Estate, Inc.
* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.
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Neighborhood Information
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Listing/Price History
3901 Highland Avenue, Manhattan Beach, (MLS® #PW24057517)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $11,750,000) | $10,995,000 | $755,000 (6.43%) | |
| First Day Active | $11,750,000 | – |
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Listing Summary
Quick Summary of 3901 Highland Avenue: This home in Manhattan Beach is priced at $10,995,000 . The Mixed Use residence was originally built in 1961 and was listed on March 22nd, 2024 at $11,750,000, showing 47 Days on Market currently. Contact Dave Fratello today for more information or to go see 3901 Highland Avenue.
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Based on information from California Regional Multiple Listing Service, Inc. as of May 8th, 2024 at 6:35pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
