We are pleased to present a commercial property in Manhattan Beach located across the street from Manhattan Village. Manhattan Village boasts major renovations since 2017 with many incoming retailers and high traffic. This 3 tenant retail center includes 2 that are NNN. Majority long term tenants yield stable return. The lot is a flat oversized lot at 17292 SF currently zoned at MBC2YY at 160’x108’ which yields future potential construction. (must check with city planning commission). There are 20 parking spaces for 4756 SF of rental space, with potential to draw out more spaces. Rare opportunity to acquire this commercial building with a big lot size for future redevelopment potential.
- Price:
- $6,500,000
- Square Footage:
- 4,756
- Acreage:
- 0.40
- Year Built:
- 1974
- Listing ID #:
- SB21241356
- Street Address:
- 2705 N Sepulveda Blvd
- City:
- Manhattan Beach
- State:
- California
- Postal Code:
- 90266
- County:
- Los Angeles
- Community:
- Manhattan Bch Tree
- Listing Status:
- Active
- Listing Type:
- Commercial Sale
- Number Of Units:
- 3
- Total Building Square Footage:
- 4756
- Year Built:
- 1974
- Annual Insurance Expenses:
- 5405
- Net Operating Income:
- 246096
- Operating Expense:
- 64599
- Approximate Lot Size Range Source:
- Assessor
- Conforms To Zoning:
- Mbc2yy
- Lot Features:
- 0-1 Unit/Acre
- Lot Size:
- 17292
- Lot Square Footage:
- 17292
- Days On Market:
- 288
- On Market Date:
- 2021-11-03
- Originating Mls:
- Crmls
- Previous Listing Price:
- 7100000
- Property Taxes:
- $59,194
- Tax Year:
- 2020
- Existing Water:
- Public
- Unit 1 Monthly Rent:
- 5199
- Unit 2 Monthly Rent:
- 10000
- Unit 3 Monthly Rent:
- 7590
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Agent Andrew Tseng with The Realestate Group
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