947 Manhattan Beach Blvd, Manhattan Beach, CA 90266
SINGLE_FAMILY - Manhattan Beach, CA
- 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
Listing agent Jonathan Coleman License #00808758 (310) 991-0929
Listing office Beach City Brokers 200 S Pacific Coast Highway, Redondo Beach, CA (310) 543-3536
Listing date Jan 4, 2026
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Manhattan Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.3988016
- Latitude
- 33.8875326