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3,768 SF LEASED INVESTMENT OR DEVELOPMENT OPP 947 Manhattan Beach Blvd 3,768 SF 100% Leased Office Building Manhattan Beach, CA 90266 $4,950,000 ($1,313.69/SF)
INVESTMENT HIGHLIGHTS
- Two (2) Freestanding 1,884 SF Commercial Buildings
- Residential or Commercial Development Opportunity
- ½ Mile from Manhattan Beach Pier & 2.1 Miles from 405 Freeway
- 100% Leased to Five (5) Long-Term Tenants
- Median Household Income: $184,874 (2-mile radius)
- 10 Exclusive Parking Spots Plus Street Parking
EXECUTIVE SUMMARY
Opportunities:
• 3,768 SF leased investment with five (5) commercial tenants on short-term leases
• Single or multifamily residential development opportunity; 850 SF of land/dwelling unit
• Commercial/office redevelopment opportunity
• Owner-user opportunity comprised of two (2) freestanding commercial buildings totaling 3,768 SF
Property Description: Two (2) 1,884 SF single-story, wood frame commercial buildings located on three parcels totaling 8,753 SF of land. Exclusive parking lot with 10 parking spaces. Public parking allowed on two adjacent streets. Pole sign on Manhattan Beach Boulevard.
Occupancy: 100% leased to five (5) commercial tenants on month-to-month leases. Most tenants have occupied space for over 20 years. Owner intends to provide all tenants with a six-month term commencing in January 2026.
Location: Prominent corner location on highly travelled Manhattan Beach Boulevard (Approx. 22,000 cars/day). Just ½ mile from Manhattan Beach Pier and 2.1 miles from 405 Freeway. Surrounded by wealthy residential neighborhood. Median Household Income: $184,874 (2-mile radius).
• 3,768 SF leased investment with five (5) commercial tenants on short-term leases
• Single or multifamily residential development opportunity; 850 SF of land/dwelling unit
• Commercial/office redevelopment opportunity
• Owner-user opportunity comprised of two (2) freestanding commercial buildings totaling 3,768 SF
Property Description: Two (2) 1,884 SF single-story, wood frame commercial buildings located on three parcels totaling 8,753 SF of land. Exclusive parking lot with 10 parking spaces. Public parking allowed on two adjacent streets. Pole sign on Manhattan Beach Boulevard.
Occupancy: 100% leased to five (5) commercial tenants on month-to-month leases. Most tenants have occupied space for over 20 years. Owner intends to provide all tenants with a six-month term commencing in January 2026.
Location: Prominent corner location on highly travelled Manhattan Beach Boulevard (Approx. 22,000 cars/day). Just ½ mile from Manhattan Beach Pier and 2.1 miles from 405 Freeway. Surrounded by wealthy residential neighborhood. Median Household Income: $184,874 (2-mile radius).
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
3,768 SF
Building Class
C
Year Built
1967
Price
$4,950,000
Price Per SF
$1,313.69
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,768 SF
Building FAR
0.43
Lot Size
0.20 AC
Zoning
CL “Local Commercial" - Allows most commercial/office/service uses as well as single & multifamily residential development; 850 SF of land/dwelling unit.
Parking
10 Spaces (2.65 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,428,000 | |
| Land Assessment | $2,040,000 | Total Assessment | $3,468,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,040,000
Improvements Assessment
$1,428,000
Total Assessment
$3,468,000
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3,768 SF LEASED INVESTMENT OR DEVELOPMENT OPP | 947 Manhattan Beach Blvd
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