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2705 N Sepulveda Boulevard

Manhattan Beach, CA 90266
  • $8,000,000
  • STATUS: Active
  • ON SITE: 30 Days
  • ID#: SB21241356
UPDATED: 35 min ago
$8,000,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1974
County:

School Ratings & Info

Listing Agent: Andrew Tseng of The Realestate Group and Yumiko Kato Lee of The Realestate Group


Description

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 160x108 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-03T23:27:41.567. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RGA Homes | Coldwell Banker Realty. Licensed in the State of California, USA.
www.rgahomes.com/homes/122988589
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2705 N Sepulveda Boulevard Manhattan Beach, CA 90266

  • Price: $8,000,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 35 min ago
  • ID#: SB21241356
0
Beds
0
Baths
0
½ Baths
0.4
Acres
1974
Built
Neighborhood:
143 - Manhattan Bch Tree
County:
Los Angeles
Area:
143 - Manhattan Bch Tree
Property Description
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 160x108 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.
Exterior Features

Lot Features 0-1 Unit/Acre

Property Features

Additional Parcels YN No Common Interest None Gross Scheduled Income 273484 Insurance Expense 5405 Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 246096 Number Of Units Leased 3 Operating Expense 64599 Property Sub Type Retail Special Listing Conditions Standard Tax Annual Amount 59194 Tax Year 2020 Water Source Public Zoning Mbc2yy



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-03T23:27:41.567. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RGA Homes | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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RGA Homes | Coldwell Banker Realty
3790 Via De La Valle Suite 301
Del Mar CA, 92014
Listing Agent: Andrew Tseng of The Realestate Group and Yumiko Kato Lee of The Realestate Group