Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2005 Manhattan Beach Blvd Redondo Beach, CA 90278

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space available for rent at Redondo Beach.

    Type:Office
    Added:
    Jun 28, 2024
    Days on Market:
    659
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 2005 Manhattan Beach Blvd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1987

    Spaces For Lease

    at 2005 Manhattan Beach Blvd Contact us

    Suite 2 $3 /Mo

    Size
    17,072 SF
    Type
    Office
    Contact us

    Suite 1 $3 /Mo

    Size
    26,151 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Eric Lastition

    Listing agent Eric Lastition License #01119647

    Listing office Newmark | Los Angeles - South Bay

    Listing date Jun 28, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Newmark | Los Angeles - South Bay

    Overview

    Office Space Available For Rent

    Office space is available for rent at a property located at 2005 Manhattan Beach Blvd, Redondo Beach, CA 90278. The property is zoned for commercial real estate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rocha Pet (Bike/Boat/Book/etc) Store Quantimetrix Corporation Industrial Manufacturer Super Junk Removel ... Waste Management Facility

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

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

    Similar Places Nearby

    • Evocative Data Centers Los Angeles Facility (LAX14) — 3690 Redondo Beach Ave, Redondo Beach, CA 90278
    • Quandir Solutions — 2413 Graham Ave, Redondo Beach, CA 90278

    Location Insight

    • Map
    • Local Demand
    City
    Redondo Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.3762854
    Latitude
    33.8881322

    Nearby Similar for Lease

    • Contact for pricing

      Redondo Beach Live/Work Opportunity

      Versatile live/work space in Redondo Beach available for lease.
      424 S Pacific Coast, Redondo Beach, CA 90277
      View Details
    • Contact for pricing

      1300 S. pacific Coast hwy

      Turnkey bakery/cafe space near the beach and Riviera Village.
      1300 S Pacific Coast Hwy, Unit 107-108, Redondo Beach, CA 90277
      View Details
    • $3/mo

      Redondo Beach Medical/Office Suites

      Dental, medical, and office suites available near Redondo Beach Pier.
      400 Torrance Blvd, Redondo Beach, CA 90277
      View Details
    • $0.29/mo

      Redondo Beach Class B Office

      Class B office building with suites available for rent.
      2512 Artesia Blvd, Redondo Beach, CA 90278
      View Details
    • $2/mo

      Redondo Beach Office Space Available

      Office space available for lease in Redondo Beach, CA.
      2615 190th Street, Redondo Beach, CA, 90278
      View Details
    • Contact for pricing

      Redondo Beach Office Building

      Remodeled office building near the Pacific Ocean and local amenities.
      116 South Catalina Avenue, Redondo Beach, CA, 90277
      View Details
    • Contact for pricing

      Creative Office Space Available

      Move-in ready creative office space with natural light.
      2400 Marine Avenue, Redondo Beach, CA, 90278
      View Details
    • $3/mo

      Prime PCH Location Office Space

      Office space for rent in prime PCH location.
      1666 South Pacific Coast Highway, Redondo Beach, CA, 90277
      View Details
    • Contact for pricing

      Renovated Office Building in Redondo Beach

      Fully renovated Redondo Beach office building with flexible floor plans.
      Redondo Beach, CA 90277
      View Details
    • $4/mo

      Redondo Beach First Floor Office

      First floor office space available for rent in Redondo Beach.
      435 S Pacific Coast Hwy, Redondo Beach, CA
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Redondo Beach, CA.
      801 Torrance Blvd, Redondo Beach, CA
      View Details
    • $3/mo

      Redondo Beach Medical/Dental Suites

      Medical, dental, and office suites available for immediate occupancy.
      400-414 Torrance Blvd, Redondo Beach, CA
      View Details

    FAQs

    What type of property is this?
    Office property - Office space available for rent at Redondo Beach.
    Where is this office property located?
    The property is located at 2005 Manhattan Beach Blvd Redondo Beach, CA.
    What are key features of this property?
    This property features: Office space available.; Located in Redondo Beach.; Built in 1987.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Eric Lastition
    Real Estate License ID: 01119647
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!