Triple Corner Retail and Office
947 Manhattan Beach Blvd, Manhattan Beach, CA 90266
Two one-story buildings with garden courtyard and rear parking support current retail and office use or future redevelopment.
Type:Lots/Land
Property size:
8,753 SFPrice / SF:
$439/SF- Added:
- Feb 6, 2026
- Days on Market:
- 140
- Last Refresh:
- Jun 25 at 8:43 pm
Property Features for 947 Manhattan Beach Blvd
General Information
- Standard status
- Active
- Size
- 8,753 SF
- Property subtype
- Lots/Land
Listing office Beach City Brokers (310) 991-0929
Listing date Feb 6, 2026
Source Exitrealty
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 Beach City Brokers
HighLights
- Triple corner development site totaling 8,753 SF with ~79 ft frontage and ~107 ft depth
- Two one‑story buildings with a central garden courtyard plus a 13‑car parking lot at the rear
- Commercially zoned property in a City of Manhattan Beach overlay district that permits residential development
- Parcels include 943 & 947 Manhattan Beach Blvd. and 1137 Pine Ave, with frontage on Manhattan Beach Blvd and a third lot off Pine Ave
- Currently 5 units with long‑term tenants in a mix of retail and office space
- Possible redevelopment concept: rear Pine Ave lot for a single‑family residence and up to four townhomes on the Manhattan Beach Blvd lots; subject to City approval and buyer verification
Overview
This triple-corner development site includes two one-story buildings arranged on either side of a central garden courtyard. The property currently consists of five units totaling a mix of retail and office space, with long-term tenants in place. A 13-car parking lot is located at the rear, with two additional fronting lots along Manhattan Beach Blvd that include the buildings and garden area, plus a third lot off Pine Ave that serves as the larger rear parking area. The site configuration is commercially zoned.
The property is located at 943 & 947 Manhattan Beach Blvd and 1137 Pine Ave in Manhattan Beach, California. It sits within a City of Manhattan Beach overlay district that permits residential development, providing flexibility for redevelopment subject to buyer verification and city approvals. The current site arrangement includes Manhattan Beach Blvd corner frontage as well as Pine Ave access via the rear parking lot.
For buyers and operators, the site offers a practical combination of existing income-producing retail and office units and a development-oriented land profile under the city’s overlay framework. Potential redevelopment alternatives described with the seller include mixed-use projects or continued commercial use, including a concept for residential development on the rear Pine Avenue lot and higher-density condominium outcomes if parcels are merged, all subject to City of Manhattan Beach approval.
The property is located at 943 & 947 Manhattan Beach Blvd and 1137 Pine Ave in Manhattan Beach, California. It sits within a City of Manhattan Beach overlay district that permits residential development, providing flexibility for redevelopment subject to buyer verification and city approvals. The current site arrangement includes Manhattan Beach Blvd corner frontage as well as Pine Ave access via the rear parking lot.
For buyers and operators, the site offers a practical combination of existing income-producing retail and office units and a development-oriented land profile under the city’s overlay framework. Potential redevelopment alternatives described with the seller include mixed-use projects or continued commercial use, including a concept for residential development on the rear Pine Avenue lot and higher-density condominium outcomes if parcels are merged, all subject to City of Manhattan Beach approval.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $296.2k | $33.84 |
| − Vacancy | −$19.5k | −$2.23 |
| EGI | $276.7k | $31.61 |
| − OpEx | −$83.0k | −$9.48 |
| NOI | $193.7k | $22.12 |
8,753 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.77M
$2.42M – $3.23M
NOI $193,657 @ 7.0% cap · market cap 5.03%
Second Best
Office B
$2.73M
$2.39M – $3.19M
NOI $191,334 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$4.69M
$4.10M – $5.47M
NOI $328,043 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
BodyworkSites
Alternative Medicine Practice
International Cosmetics & Regulatory ...
Consultant
ICRS Regulatory
Corporate Office
Southbay Lymphatic Therapy
Alternative Medicine Practice
Judy Doeppel Skin ...
Spa & Massage Center
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Location Insight
- Map
- Local Demand
- City
- Manhattan Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.3988016
- Latitude
- 33.8875326
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Two one-story buildings with garden courtyard and rear parking support current retail and office use or future redevelopment.
Where is this storefront 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 $3,850,000.
What are key features of this property?
This property features: Triple corner development site totaling 8,753 SF with ~79 ft frontage and ~107 ft depth; Two one‑story buildings with a central garden courtyard plus a 13‑car parking lot at the rear; Commercially zoned property in a City of Manhattan Beach overlay district that permits residential development
