Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    947 Manhattan Beach Blvd Manhattan Beach, CA 90266

    Sponsored
    For Sale
    $4,950,000

    Land/Lot - Manhattan Beach, CA

    Property size:
    8,753 SF
    Lot size:
    8,753.00 Acres
    Days on Market:
    12
    Last Refresh:
    Jan 30 at 3:06 am

    Property Features for 947 Manhattan Beach Blvd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MNCL
    APN
    4170010017
    Exterior features
    Community Features Included: Curbs, Sidewalks, Street Lights, Suburban
    Size
    8,753 SF
    Lot size
    8,753.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jonathan Coleman

    Beach City Brokers (310) 292-0332

    Listing agent Jonathan Coleman (310) 543-3536 License #00808758

    Listing date Jan 19, 2026

    MLS# SB26012312 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Manhattan Beach Development Opportunity

    This triple corner development site in the heart of Manhattan Beach offers 8,753 sq. ft. with approximately 79 feet of frontage and 107 feet of depth. The property currently consists of 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. A higher-density 10-unit condominium project may be possible if the parcels were merged. Additional development alternatives may include mixed-use projects or continued commercial use. 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. The lot size is approximately 0.20 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BodyworkSites Alternative Medicine Practitioner International Cosmetics & Regulatory ... Consultant ICRS Regulatory Establishment Southbay Lymphatic Therapy Massage Therapist Judy Doeppel Skin ... Medical Spa

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.3988016
    Latitude
    33.8875326

    Nearby Similar for Sale

    • New
      $11,995,000
      5,193 SF

      Renovated Manhattan Beach Quadruplex

      Rare, fully renovated four-unit property near Manhattan Beach.
      2208 The Strand, Manhattan Beach, CA 90266
      View Details
    • New
      $11,995,000
      5,193 SF

      Manhattan Beach Renovated Quadruplex

      Rare, renovated four-unit property on The Strand in Manhattan Beach.
      2208 The Strand, Manhattan Beach, CA 90266
      View Details
    • New
      $2,749,000
      2,326 SF

      Renovated Manhattan Beach Multi-Family Home

      Renovated multi-family home in desirable Manhattan Beach location.
      1315 17Th St, Manhattan Beach, CA 90266
      View Details
    • $4,950,000
      3,768 SF

      Manhattan Beach Corner Development Site

      Triple corner development site in the heart of Manhattan Beach.
      947 Manhattan Bch Blvd Blvd, Manhattan Beach, CA 90266
      View Details
    • $5,900,000
      2,316 SF

      Manhattan Beach Triplex Near Strand

      Updated triplex in coveted South Manhattan Beach walk street location.
      125 9Th St, Manhattan Beach, CA 90266
      View Details
    • $5,725,000
      Pending

      Mixed-Use Property Near Manhattan Beach Pier

      Four-unit property with ocean views and commercial space.
      124 11Th St, Manhattan Beach, CA 90266
      View Details
    • $725,000
      300 SF

      Manhattan Beach Office Condo For Sale

      Boutique office condo in the heart of Manhattan Beach.
      1300 Highland Ave, Manhattan Beach, CA 90266
      View Details
    • $650,000
      300 SF

      Manhattan Beach Office Condo For Sale

      Top-floor office condo in downtown Manhattan Beach, steps from the ocean.
      1300 Highland Ave, Manhattan Beach, CA 90266
      View Details
    • New
      $820,000
      300 SF

      Manhattan Beach Mixed-Use Retail Space

      Prime mixed-use complex in the heart of downtown Manhattan Beach.
      1300 Highland Ave, Manhattan Beach, CA 90266
      View Details
    • $1,995,000

      Contemporary Townhouse with Ocean Views

      Remodeled townhouse steps from the beach with panoramic ocean views.
      4216 Highland Ave, Manhattan Beach, CA 90266
      View Details
    • $3,642,999
      2,768 SF

      Four-Unit Property Near the Beach

      Four units near the beach with renovation and repositioning potential.
      3216 Highland Ave, Manhattan Beach, CA 90266
      View Details
    • $2,175,000

      Manhattan Beach Duplex Near Pier

      Duplex in prime location, one block from the beach.
      2007 Highland Ave, Manhattan Beach, CA 90266
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Triple corner development site in the heart of Manhattan Beach.
    Where is this mixed-use property located?
    The property is located at 947 Manhattan Beach Blvd Manhattan Beach, CA.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: - Prime Manhattan Beach location with triple corner development site.; - Large 8,753 sq. ft. lot with significant frontage and depth.; - Commercially zoned with City overlay district permitting residential development.
    (310) 546-3441
    Request Owner's contact information
    947 Manhattan Beach Blvd Manhattan Beach, CA 90266
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    947 Manhattan Beach Blvd
    Manhattan Beach, CA 90266
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    947 Manhattan Beach Blvd Manhattan Beach, CA 90266
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jonathan Coleman
    Real Estate License ID: 00808758
    (310) 546-3441
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.