14-Unit Beachfront Multifamily Might Set New State Report If Closed in Bitcoin
MANHATTAN BEACH, Calif., July 17, 2025 /PRNewswire/ — A 14-unit multifamily property in Manhattan Seashore’s surf-famous El Porto neighborhood has hit the non-public market at $12 million, with the vendor accepting Bitcoin or USDC—probably marking the largest actual property sale in California historical past closed in cryptocurrency.
Solely represented by South Bay business actual property brokers Elaine McIntyre Kim and Tom Watkins of Centennial Advisers, the providing at 3901 Highland Avenue (www.3901Highland.com) is totally authorised for short-term leases (STRs) and already producing revenue. The property is walkable to the seaside, native eating, and sits amongst celebrity-owned houses in one of the crucial supply-constrained coastal submarkets within the nation. This uncommon alternative is being selectively marketed to high-net-worth traders.
The crypto transaction might be facilitated by Warranty Escrow, the one U.S. escrow supplier authorised by BitGo, custodian for main monetary establishments and sovereign wealth funds. Consumers can fund escrow in digital belongings with USD conversion locked at time of funding.
“This isn’t only a itemizing—it’s a milestone,” mentioned Elaine McIntyre Kim. “We’re marrying way of life actual property with next-gen capital. Crypto patrons trying to park wealth in actual belongings gained’t discover a higher sandbox than El Porto.”
Property Highlights:
• 14 items (12 authorized + 2 non-conforming)
• Two blocks from the seaside; walkable to Fishbar, Native Yolk, yoga studios
• Zoned CNE / R-2 with ADU potential
• Airbnb items stay; others rented long-term
• Quick-term rental efficiency outpaces inland motels
• Easy accessibility to LAX and adjoining to multimillion-dollar celebrity-owned houses
Quick-term rental funding has develop into much more compelling in 2025 because of 100% bonus depreciation on eligible belongings and accelerated write-offs for furnishings, fixtures, and tools (FF&E)—making STRs among the many most tax-advantaged actual property methods this yr.
About Centennial Advisers:
Centennial Advisers is a full-service business actual property brokerage serving Southern California. With a give attention to funding gross sales, the agency combines native market experience with nationwide attain to assist traders, homeowners, and operators maximize worth.
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SOURCE Centennial Advisers
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