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    Triple Corner Mixed-Use Development Site Title is generated by Realmo AI

    947 Manhattan Beach Blvd, Manhattan Beach, CA 90266

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    Claim this Listing
    For Sale
    $3,850,000

    SINGLE_FAMILY - Manhattan Beach, CA

    Type:Office
    Property size:
    8,753 SF
    Price / SF:
    $439/SF
    Added:
    Jan 4, 2026
    Days on Market:
    179
    Last Refresh:
    Jul 2 at 1:06 am

    Property Features for 947 Manhattan Beach Blvd

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    MNCL
    Standard status
    Active
    APN
    4170010017

    Building Details

    Year built
    1967

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    Contact an agent
    Jonathan Coleman

    Listing agent Jonathan Coleman License #00808758

    Listing office Beach City Brokers 200 S Pacific Coast Highway, Redondo Beach, CA

    Listing date Jan 4, 2026

    MLS# SB26000572

    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.

    HighLights

    • Triple corner commercial site in Manhattan Beach totaling 8,753 SF with ~79 ft frontage and ~107 ft depth
    • Includes two one‑story buildings flanking a central garden courtyard plus a rear 13‑car parking lot
    • Current setup: 5 long‑term tenant units in combined retail and office space
    • Commercially zoned property within a Manhattan Beach overlay district that permits residential development (per provided remarks)
    • Parcel configuration includes 943 & 947 Manhattan Beach Blvd. and 1137 Pine Ave., with additional lot access off Pine Ave
    • Redevelopment possibilities mentioned include rear single‑family with four townhomes on the front lots, or up to a 10‑unit condominium concept (subject to buyer and city approval)

    Overview

    This triple corner commercial property totals 8,753 square feet with approximately 79 feet of frontage and 107 feet of depth. It includes two one-story buildings positioned on either side of a central garden courtyard, with a 13-car parking lot located at the rear. The site currently consists of five units occupied by long-term tenants in a combination of retail and office space.

    The property is commercially zoned as MNCL and is located within a City of Manhattan Beach overlay district. The overlay permits residential development, creating multiple redevelopment pathways subject to buyer verification and City approval. Two lots front Manhattan Beach Boulevard at the corner, incorporating the two buildings and garden area, and a third lot off Pine Avenue provides additional depth and contains the larger rear parking area.

    For buyers and tenants seeking an adaptable site, the current retail/office configuration may support continued commercial use, while redevelopment alternatives include residential or mixed-use concepts. One discussed configuration is a rear single-family residence on the Pine Avenue lot paired with townhomes on the two Manhattan Beach Boulevard front lots. If parcels are merged, the owner notes the City indicated condominium development may require approximately 850 square feet of land per unit, potentially allowing a higher-density condominium project. Tenant operations are ongoing, so prospective parties should not enter the property without 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 (±1% cap)
    NOI $193,657 @ 7.0% cap · market cap 5.03%
    Second Best
    Office B
    $2.73M
    $2.39M – $3.19M (±1% cap)
    NOI $191,334 @ 7.0% cap · market cap 4.97%
    Theoretical Best
    Office A
    $4.69M
    $4.10M – $5.47M (±1% cap)
    NOI $328,043 @ 7.0% cap · market cap 8.52%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile 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

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness 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

    FAQs

    What type of property is this?
    Mixed-use property - Triple corner site with two one-story buildings, a central courtyard, and rear parking, zoned MNCL for flexible redevelopment.
    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 $3,850,000.
    What are key features of this property?
    This property features: Triple corner commercial site in Manhattan Beach totaling 8,753 SF with ~79 ft frontage and ~107 ft depth; Includes two one‑story buildings flanking a central garden courtyard plus a rear 13‑car parking lot; Current setup: 5 long‑term tenant units in combined retail and office space
    More about this property
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