17 bedroom house for sale
$11,750,000 - Manhattan Beach CA 90266Manhattan Beach CA 90266
17 bedroom house for sale
- Beds: 17
- Baths: 18
- Price: $11,750,000
- Reference No.: 69901466
- Area: 9,466 sqft
Advertisement
Overview
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 the potential to build 3 ADUs to maximize rental income. After renovations and conversions, the project is projected to stabilize at a 5.02% CAP Rate, making this a unique legacy project in an A+ location. The property currently boasts (4) 2-bed/2-bath units, (1) 2-Bed/1-Bath, (7) 1-Bed/1-Bath Units, and (2) Studio Units. Renovation plans would add (3) more studios and include extensive remodels for the current units, creating multiple luxurious penthouse suites, that would rent for over $8, 000/Mo. With a total estimated cost of $3MM in rehab/renovations, the property could generate over $1M annually in gross rental income. This property is also 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. The current 9, 466 SF building sits on a 6, 621 SF lot west of Highland Ave. The property is strategically located in El Porto, one of the hottest rental markets in the country, providing easy access to the beach and nearby top-tier retail and restaurants. With its 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.House Manhattan Beach
This House for sale is located at Manhattan Beach CA 90266. The home has 17 Bedroom and 18 Bathrooms. This 17 bedroom House in Manhattan Beach CA is for sale for $11,750,000 .
Disclaimer
2024-03-27, Viewed 0 times.
Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-03-27, Viewed 0 times.
Search more listings
- Top 20 3 bedroom apartment for rent phoenix az washer/dryer
- Top 10 3 bedroom house for sale bend or gym
- Top 10 2 bedroom house for rent sun city west az pool
- Top 10 1 bedroom apartment for rent grayslake il dishwasher
- Top 10 3 bedroom house for sale crown point in den
- Top 20 2 bedroom house for rent las vegas nv backyard
- Top 10 3 bedroom house for sale grand junction co garden
- Top 20 3 bedroom apartment for rent toronto on carpet
- Top 20 3 bedroom house for sale atlanta ga microwave
- Top 20 2 bedroom house for rent indio ca appliances
- Top 50 1 bedroom apartment for rent rockville md granite counter
- Top 10 3 bedroom house for rent dallas ga backyard