1026 Manhattan Beach Blvd - Loft/Creative Space FOR SALE


Manhattan Beach, CA 90266
$2,650,000 USD
310-880-1151
1026 Manhattan Beach Blvd, Manhattan Beach, CA for Sale
$2,650,000 USD
Loft/Creative Space - FOR SALE
1/52
null | Request Cap Rate

1026 Manhattan Beach Blvd
Manhattan Beach, CA 90266


HIGHLIGHTS

  • Prime Location: Located on Manhattan Beach Boulevard in the bustling Manhattan Beach business corridor, offering excellent visibility and potential
  • Zoned Local Commercial (CL), suitable for a variety of uses including retail, office, and more, with the unique Residential Overlay District (ROD)
  • Flexible Layout: Features two suites, one per floor, with the possibility of reconfiguring to four suites as previously designed
  • Built in 1964, the property offers 2,149 sq. ft. of permitted space plus 300 sq. ft. of unpermitted space (Buyer to verify)
  • Convenient Parking: Gated rear parking lot with seven spaces, providing convenient access and security

OVERVIEW

This two-story Mid-Century Modern commercial gem has prominent visibility on Manhattan Beach Boulevard in the heart of the Manhattan Beach business corridor, offering endless potential. It was constructed in 1964 and is approximately 2,149 square feet of permitted area and, approximately 300 square feet of unpermitted area (Buyer to verify). Perfect for owner-users, investors, or those looking to create something new, it features versatile Local Commercial zoning (CL-Local Commercial District). This zoning allows a wide variety of uses for businesses serving the daily needs of nearby residential areas, such as Retail, Office, and many others. The current floorplan has two suites, one on each floor, but this could be reconfigured to four suites as in prior years. There is a gated parking entrance to the private parking lot behind the building with 7 spaces. The property is one of the select few of 34 sites (75 parcels) in the City of Manhattan Beach that allows the ROD (Residential Overlay District) that was established in 2023 to be used for new multi-residential developments subject to the conditions of City Ordinance 23-0006. Buyer to verify the intended use complies with the zoning prior to submitting an offer.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$1,233 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,750 SF

ZONING

CL

APN/PARCEL ID

4170-026-004

ASK ABOUT THIS PROPERTY

Stephen LampeRE/MAX Commercial & Investment RealtyMore Info
310-880-1151

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Stephen LampeRE/MAX Commercial & Investment RealtyMore Info
310-880-1151

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.