California's Largest Crypto Real Estate Deal May Be Brewing in Manhattan Beach

14-Unit Beachfront Multifamily Could Set New State Record If Closed in Bitcoin

MANHATTAN BEACH, Calif., July 17, 2025 /PRNewswire/ -- A 14-unit multifamily property in Manhattan Beach's surf-famous El Porto neighborhood has hit the private market at $12 million, with the seller accepting Bitcoin or USDC—potentially marking the largest real estate sale in California history closed in cryptocurrency.

Exclusively represented by South Bay commercial real estate agents Elaine McIntyre Kim and Tom Watkins of Centennial Advisers, the offering at 3901 Highland Avenue (www.3901Highland.com) is fully approved for short-term rentals (STRs) and already producing income. The property is walkable to the beach, local dining, and sits among celebrity-owned homes in one of the most supply-constrained coastal submarkets in the country. This rare opportunity is being selectively marketed to high-net-worth investors.

The crypto transaction will be facilitated by Guaranty Escrow, the only U.S. escrow provider approved by BitGo, custodian for major financial institutions and sovereign wealth funds. Buyers can fund escrow in digital assets with USD conversion locked at time of funding.

"This isn't just a listing—it's a milestone," said Elaine McIntyre Kim. "We're marrying lifestyle real estate with next-gen capital. Crypto buyers looking to park wealth in real assets won't find a better sandbox than El Porto."

Property Highlights:
• 14 units (12 legal + 2 non-conforming)
• Two blocks from the beach; walkable to Fishbar, Local Yolk, yoga studios
• Zoned CNE / R-2 with ADU potential
• Airbnb units live; others rented long-term
• Short-term rental performance outpaces inland hotels
• Easy access to LAX and adjacent to multimillion-dollar celebrity-owned homes

Short-term rental investment has become even more compelling in 2025 thanks to 100% bonus depreciation on eligible assets and accelerated write-offs for furniture, fixtures, and equipment (FF&E)—making STRs among the most tax-advantaged real estate strategies this year.

About Centennial Advisers:
Centennial Advisers is a full-service commercial real estate brokerage serving Southern California. With a focus on investment sales, the firm combines local market expertise with national reach to help investors, owners, and operators maximize value.

SOURCE Centennial Advisers