Commercial for Sale – 125 Manhattan Beach Blvd, Manhattan Beach, CA 90266, USA -001-11-30T00:00:00-08:00
This offering of a commercial property in Manhattan Beach, just steps from the sand, the iconic Manhattan Beach Pier, Strand and adjacent to a wide range of thriving commercial businesses and multi-million dollar homes with unparalleled exposure and pedestri
125 Manhattan Beach Blvd, Manhattan Beach, CA 90266, USA
$7,995,000 USD
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Address125 Manhattan beach Boulevard, Manhattan Beach
Property SubtypeRetail
Price$7,995,000
Price Changed5.94% (-$505,000, 28 days ago)
Property TypeCommercial Sale
Year Built1972
Bedrooms Total0
Living Area3,440 ft2
Listing IDSB17234550
StatusActive
Parcel Number4179022005
ZoningMNCD
Special ConditionsStandard
Days on Market67

Detailed Description: This offering of a commercial property in Manhattan Beach, just steps from the sand, the iconic Manhattan Beach Pier, Strand and adjacent to a wide range of thriving commercial businesses and multi-million dollar homes with unparalleled exposure and pedestrian traffic. The property is a 2 story building approx 3,440 sq.ft (per assessor’s records – buyer to verify) constructed with retail on the 1st floor and office space on the 2nd floor. The entire property underwent an extensive renovation to the interior and the facade completed in 2014. Prior to the renovation, the 2nd floor was used for residential purposes. The lot is 2,253 sq.ft with nice elevation that overlooks Manhattan Beach Pier, and boasts spectacular views of the Pacific Ocean from both levels and full coastline views to Malibu from the roof top. The property is zoned Downtown Commercial and according to the Downtown Specific Plan adopted in 2017 this allows a broad range of uses, including live / work and residential uses (with a conditional use permit). Zoning permits a Floor Area Ratio of 1.50 for new developments and 51.3 residential dwelling units per acre (2.65 units) is the approx calculation for this lot. The height limit is 30 ft, any development is subject to discretionary approval from the Planning Department. Mickie’s Beach and Diane’s Beachwear have been at this location for decades and is a rare opportunity to acquire an irreplaceable parcel of commercial real estate in a world renowned location.


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Address Information
Address125 Manhattan beach Boulevard, Manhattan Beach
Street SuffixBoulevard
CityManhattan Beach
Location (MLS Area)142 – Manhattan Bch Sand
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90266
Postal Code Plus45431
CountryUS
Financial Information
Price Changed-5.9412%
Previous Price$8,500,000
Price per Square Foot$2,324.13
Special ConditionsStandard
Professional Management Expense$6,000
Operating Expense$108,449
Insurance Expense$3,800
Trash Expense$1,800
Maintenance Expense$4,885
Reserves Expense$2,500
Gross Scheduled Income$350,880
Net Operating Income$326,923
Vacancy Allowance$8,772
Effective Gross$435,372
Other Income 1$93,264
Real Estate Tax Expense$89,464
Tax Annual Amount$89,464
Tax Year2000
Full Descriptions
Parcel Number4179022005
Detailed DescriptionThis offering of a commercial property in Manhattan Beach, just steps from the sand, the iconic Manhattan Beach Pier, Strand and adjacent to a wide range of thriving commercial businesses and multi-million dollar homes with unparalleled exposure and pedestrian traffic. The property is a 2 story building approx 3,440 sq.ft (per assessor’s records – buyer to verify) constructed with retail on the 1st floor and office space on the 2nd floor. The entire property underwent an extensive renovation to the interior and the facade completed in 2014. Prior to the renovation, the 2nd floor was used for residential purposes. The lot is 2,253 sq.ft with nice elevation that overlooks Manhattan Beach Pier, and boasts spectacular views of the Pacific Ocean from both levels and full coastline views to Malibu from the roof top. The property is zoned Downtown Commercial and according to the Downtown Specific Plan adopted in 2017 this allows a broad range of uses, including live / work and residential uses (with a conditional use permit). Zoning permits a Floor Area Ratio of 1.50 for new developments and 51.3 residential dwelling units per acre (2.65 units) is the approx calculation for this lot. The height limit is 30 ft, any development is subject to discretionary approval from the Planning Department. Mickie’s Beach and Diane’s Beachwear have been at this location for decades and is a rare opportunity to acquire an irreplaceable parcel of commercial real estate in a world renowned location.
Water SourcePublic
Laundry FeaturesIndividual Room
Property parameters
Year Built1972
Living Area (Sq.Ft.)3,440 ft2
Lot Size SourceAssessor
Number of Buildings1
ZoningMNCD
Water SourcePublic
Land Usage DescriptionOffice, Retail
Property SubtypeRetail
Building StatusExisting
Cap Rate (For Cash Payment Only)4.09
Listed withStephen Lampe (Re/Max Commercial & Investment)