22
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$4,950,000
Est. payment /mo
8,751 Sqft Lot
New
947 Manhattan Beach Blvd BLVD Manhattan Beach, CA 90266
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Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26000572
HOA Y/N No
Year Built 1967
Lot Size 8,751 Sqft
Lot Dimensions Assessor
Property Sub-Type Office
Property Description
Special opportunity in the heart of Manhattan Beach. This is a triple corner development site offering 8,753 sq. ft. with approximately 79 feet of frontage and 107 feet of depth. Like going back in time, reminiscent of vintage Old Hollywood boutique-style offices and retail spaces, there are two one story buildings positioned on either side of a lush central garden courtyard, with a 13-car parking lot located at the rear. There are two lots fronting Manhattan Beach Blvd to the corner, which have the two buildings and the garden area and a third lot off of Pine Ave which is the large parking lot which runs behind the two buildings.
The property is commercially zoned and located within a City of Manhattan Beach overlay district that permits residential development, so it presents a compelling redevelopment opportunity. One potential configuration includes a single-family residence on the rear Pine Avenue lot, with four townhomes on the two Manhattan Beach Boulevard front lots, According to City guidelines the city told me that condominium development may only require approximately 850 sq. ft. of land per unit, so if the parcels were merged, a higher-density 10-unit condominium project may be possible. Additional development alternatives may include mixed-use projects or continued commercial use. Subject to buyer verification and City of Manhattan Beach approval.
The property currently consists of five units with long term tenants, in a combination of retail and office space, offering excellent visibility and access. This prime coastal location is comprised of 943 & 947 Manhattan Beach Blvd. and 1137 Pine Ave.
Please!!! Do not walk the property or disturb the tenants who are running their business daily
The property is commercially zoned and located within a City of Manhattan Beach overlay district that permits residential development, so it presents a compelling redevelopment opportunity. One potential configuration includes a single-family residence on the rear Pine Avenue lot, with four townhomes on the two Manhattan Beach Boulevard front lots, According to City guidelines the city told me that condominium development may only require approximately 850 sq. ft. of land per unit, so if the parcels were merged, a higher-density 10-unit condominium project may be possible. Additional development alternatives may include mixed-use projects or continued commercial use. Subject to buyer verification and City of Manhattan Beach approval.
The property currently consists of five units with long term tenants, in a combination of retail and office space, offering excellent visibility and access. This prime coastal location is comprised of 943 & 947 Manhattan Beach Blvd. and 1137 Pine Ave.
Please!!! Do not walk the property or disturb the tenants who are running their business daily
Location
State CA
County Los Angeles
Area 143 - Manhattan Bch Tree
Zoning MNCL
Interior
Fireplace No
Laundry None
Exterior
Fence None
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
Total Parking Spaces 14
Building
Lot Description Corner Lot, Garden, Landscaped, Rectangular Lot, Street Level
Story 1
Water Public
Others
Tax ID 4170010017
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard, Trust
Listed by Jonathan Coleman Beach City Brokers 310-991-0929
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