California’s Largest Crypto Real Estate Deal May Be | Crypto Work Pro
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 personal market at $12 million, with the vendor accepting Bitcoin or USDC—doubtlessly marking the largest real estate sale in California historical past closed in cryptocurrency.
Exclusively represented by South Bay industrial real estate brokers Elaine McIntyre Kim and Tom Watkins of Centennial Advisers, the offering at 3901 Highland Avenue (www.3901Highland.com) is absolutely accredited for short-term leases (STRs) and already producing income. The property is walkable to the seaside, native eating, and sits amongst celebrity-owned houses in a single of essentially the most 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 Guaranty Escrow, the one U.S. escrow supplier accredited by BitGo, custodian for main financial establishments and sovereign wealth funds. Buyers can fund escrow in digital belongings with USD conversion locked at time of funding.
“This isn’t just a listing—it’s a milestone,” stated 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 items (12 legal + 2 non-conforming)
• Two blocks from the seaside; walkable to Fishbar, Local Yolk, yoga studios
• Zoned CNE / R-2 with ADU potential
• Airbnb items stay; others rented long-term
• Short-term rental efficiency outpaces inland lodges
• Easy entry to LAX and adjoining to multimillion-dollar celebrity-owned houses
Short-term rental investment has develop into even 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 real estate methods this yr.
About Centennial Advisers:
Centennial Advisers is a full-service industrial real estate brokerage serving Southern California. With a deal with investment gross sales, the firm combines native market experience with national attain to help traders, homeowners, and operators maximize worth.
View unique content material:https://www.prnewswire.com/news-releases/californias-largest-crypto-real-estate-deal-may-be-brewing-in-manhattan-beach-302508316.html
SOURCE Centennial Advisers
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