Mixed-Use Property with
For Sale
$3,650,000
947 Manhattan Beach Blvd, Manhattan Beach, CA 90266
Commercial Sale, Manhattan Beach, CA
Property Size8,753 SF
Price / SF$416
Days on Market283
Property Features for 947 Manhattan Beach Blvd
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
MNCL
Directions
Corner of Manhattan Beach Blvd. and Pine three blocks West of Sepulveda
Subdivision
143 - Manhattan Bch Tree
Standard status
Active
APN
4170010017
Building Details
Year built
1967
Listing Agency:
Beach City Brokers
(310) 543-3536
Listed By:
Jonathan Coleman · License #00808758
(310) 991-0929
Added: Jan 4
Changed: Oct 10
Last Checked: Oct 14 at 10:06AM
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.
Investment Insights
Based on property information with market context.
This mixed-use property includes two one-story buildings arranged around a central garden courtyard, with five existing units occupied by long-term retail and office tenants. A 13-car parking area sits behind the buildings on the Pine Avenue lot. The property was built in 1967 and encompasses 8,753 square feet across three lots, including approximately 79 feet of frontage and 107 feet of depth.
The property includes 943 and 947 Manhattan Beach Blvd. and 1137 Pine Ave. in Manhattan Beach. It is commercially zoned MNCL and lies within a City of Manhattan Beach overlay district that permits residential development. Potential future approaches identified for the property include residential, mixed-use, or continued commercial use, subject to buyer verification and City approval.
The property includes 943 and 947 Manhattan Beach Blvd. and 1137 Pine Ave. in Manhattan Beach. It is commercially zoned MNCL and lies within a City of Manhattan Beach overlay district that permits residential development. Potential future approaches identified for the property include residential, mixed-use, or continued commercial use, subject to buyer verification and City approval.
Key Highlights
- 8,753 sq. ft. mixed‑use property across three lots
- Approximately 79 feet of frontage and 107 feet of depth
- Two one‑story buildings arranged around a central garden courtyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,657
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,873,140
$3.9M
Cap Rate 7%
$2,766,529
$2.8M
Cap Rate 9%
$2,151,744
$2.2M
Market Conditions
NOI Build-Up for 8,753 SF
Gross rent
$296.2K $33.84/SF
− Vacancy
−$19.5K −$2.23/SF
EGI
$276.7K $31.61/SF
− OpEx
−$83.0K −$9.48/SF
NOI
$193.7K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,873,140
Cap Rate 7%
$2,766,529
Cap Rate 9%
$2,151,744
Alternative Uses
Best Use
Retail
$2.77M
$2.42M – $3.23M
NOI $193,657 @ 7.0% cap · market cap 5.31%
Second Best
Office B
$2.73M
$2.39M – $3.19M
NOI $191,334 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$4.69M
$4.10M – $5.47M
NOI $328,043 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,091
Businesses Nearby
Explore this area
Business Placement
Demographics for 90266, CA
35,506
Population
14,945
Households
2.4
Avg Household Size
43
Median Age
79%
College-Educated
99%
High-School Grad
4.0 sq mi
ZIP Area
8,877
Density / Sq Mi
$193,904
Median Household Income
$114,154
Median Earnings
$3,492
Median Rent
$2,000,001
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two single-story commercial buildings surround a landscaped courtyard and are supported by rear parking and MNCL zoning.
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 $3,650,000.
What are key features of this property?
This property features: 8,753 sq. ft. mixed‑use property across three lots; Approximately 79 feet of frontage and 107 feet of depth; Two one‑story buildings arranged around a central garden courtyard
