Price Reduced Listing
947 Manhattan Beach,Manhattan Beach, CA 90266
Manhattan Beach, CA 90266
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
Details
| MLS # | SB26012312 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 237 |
| Listing Provided By | Beach City Brokers | Jonathan Coleman |
Features
| Zoning | MNCL |
|---|---|
| Acreage | 0.20 |
| Property View | None |
Exterior
| Lot Features | Corner Lot |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
|---|
Location
| Community Features | Curbs, Street Lights, Suburban, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Manhattan Beach |
| Zip Code | 90266 |
| Area | 143 Manhattan Bch Tree |
| Listing VS Median (in 90266) | |
Price: $3,650,000 low | high Med: $787,500 On site: 237 low | high Med: 123.5 | |
Market Activity 90266
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Manhattan Beach |
| Zip Code | 90266 |
| Area | 143 Manhattan Bch Tree |
| Listing VS Median (in 90266) | |
Price: $3,650,000 low | high Med: $787,500 On site: 237 low | high Med: 123.5 | |
