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Stephanie Janeshak

stephanie4realestate@gmail.com +1(951) 892-5100

$ 3,850,000

Est. payment | -/mo

8,751 Sqft Lot

Save

$ 3,850,000

Est. payment | -/mo

Save

8,751 Sqft Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26012312

HOA Y/N No

Lot Size 8,751 Sqft

Lot Dimensions Assessor

Property 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

Location

State CA

County Los Angeles

Area 143 - Manhattan Bch Tree

Zoning MNCL

Interior

Fireplace No

Exterior

Community Features Curbs, Street Lights, Suburban, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N No

View None

Building

Lot Description Corner Lot

Water Public

New Construction No

Others

Senior Community No

Tax ID 4170010017

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Trust

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Jonathan Coleman Beach City Brokers 310-991-0929, DRE #00808758

Nearby Locations

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Stephanie Janeshak

REALTOR® | Lic# 01257777

stephanie4realestate@gmail.com

+1(951) 892-5100

4160 Temescal Canyon Rd Suite 500, Corona, CA, 92883, USA

947 Manhattan Beach Manhattan Beach, CA 90266

Stephanie Janeshak

Key Details

Location

Interior

Exterior

Building

Others

947 Manhattan Beach