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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$3,650,000

Est. payment - /mo

8,753 Sqft Lot

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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26012312

Lot Size 8,753 Sqft

Lot Dimensions 79' 107'

Property Sub-Type Lots/Land

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 Manhat

Location

State CA

County Los Angeles

Direction 3 Blocks West Of Sepulved mon the corner of M.B. Blvd. & Pine Ave.

Interior

Fireplace No

Exterior

Utilities Available Electric, Telephone

View Y/N No

Others

Senior Community No

Tax ID 4170010017

Acceptable Financing Conventional

Listing Terms Conventional

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Listed by Jonathan Coleman, DRE#00808758 Beach City Brokers

Nearby School & Business

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Arash Rokni

REALTOR® CADRE#02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

947 Manhattan Beach Manhattan Beach, CA 90266

Arash Rokni

Key Details

Location

Interior

Exterior

Others

Nearby School & Business

GET MORE INFORMATION