3901 Highland Ave | Manhattan Beach, CA 90266
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- LoopNet Team
3901 Highland Ave
Manhattan Beach, CA 90266
Multifamily Property For Sale
·
14 Units
Investment Highlights
- Trophy 14-Unit in El Porto w/ Sweeping Ocean Views
- 8.59% Market CAP Operating as AIR BNB
- Currently 3.5% CAP | 5.85% Market CAP
- Zoned to Permit Short Term Rentals With The Potential To Generate $1.8M Annual Revenue
- Current Unit Mix: (4) 2-Bed/2-Bath, (1) 2-Bed-1/Bath, (7) 1-Bed/1-Bath, (2) Studio Units
- *Seller Will Entertain a Straight Trade or Trade Plus $$$
Property Facts
| No. Units | 14 | Lot Size | 0.19 AC |
| Property Type | Multifamily | Building Size | 8,777 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1961 |
| Zoning | CNE, R-2 | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 8,777 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1961 |
| Zoning | CNE, R-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $4,486 | 800 - 1,200 |
| 2+1 | 1 | $3,574 | 750 |
| 1+1 | 7 | $3,108 | 500 - 600 |
| Studios | 2 | $2,386 | 240 - 560 |
Property Taxes
| Parcel Number | 4137-010-055 | Improvements Assessment | $1,061,208 |
| Land Assessment | $9,444,751 | Total Assessment | $10,505,959 |
Property Taxes
Parcel Number
4137-010-055
Land Assessment
$9,444,751
Improvements Assessment
$1,061,208
Total Assessment
$10,505,959
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