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    824 1St St Manhattan Beach, CA 90266

    Sponsored
    For Sale
    $6,000,000

    6 Luxury Offices, Ocean Views, New Construction

    Property size:
    4,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional opportunity to acquire six brand-new, luxury office condos in the highly desirable Manhattan Beach, California. This newly constructed (2022 renovation, completion expected by year-end) development offers a rare combination of prime location, stunning ocean views, and modern amenities. The property, located at 824 1st Street, boasts a total of 4,800 square feet across a two-story building on a 5,544 square foot lot. Each of the six units ranges from 500 to 800 square feet, featuring private bathrooms, high ceilings, and private western-facing decks. A direct spiral staircase provides access to shared ocean-view rooftop decks. Additional features include abundant natural light, a secured building with 24-hour access, an elevator, and on-site secured parking with ADA accessibility. The property is situated in a highly visible location with significant signage and branding opportunities, making it ideal for businesses seeking high visibility and a prestigious address. This Class B building is zoned for commercial office use and is currently vacant, presenting a unique redevelopment opportunity in the South Bay Innovation Hub, just minutes from the Pacific Coast Highway and major freeways (405, 105, and 91), and only 15 minutes from LAX. The asking price is $6,000,000 ($1,250 per square foot), with a NNN lease type. The property's APN is 4186031102.

    Property Features for 824 1St St

    General Information

    Property type
    Office space
    Square Feet
    4,800 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1979/2022
    Buildings
    1
    Stories
    2
    Units
    6

    HighLights

    • $6,000,000 asking price for a new construction office condo development in Manhattan Beach, CA.
    • Six vacant units totaling 4,800 square feet, priced at $1,250 per square foot.
    • Located at 824 1st St, Manhattan Beach, CA 90266, a highly visible location with excellent signage opportunities.
    • Features include ocean views, balconies, rooftop deck, 24‑hour access, elevator, and abundant natural light.
    • The property is a Class B, two‑story building on a 5,544 square foot lot, with secured parking and ADA accessibility.
    • Completed in 2022, this redevelopment project offers individual office condos ranging from 500‑800 square feet, each with a private bathroom.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -118.38982878
    Latitude
    33.85561593

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    FAQs

    What type of property is this?
    Office space - 6 Luxury Offices, Ocean Views, New Construction
    Where is this office space located?
    The property is located at 824 1St St Manhattan Beach, CA.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: $6,000,000 asking price for a new construction office condo development in Manhattan Beach, CA.; Six vacant units totaling 4,800 square feet, priced at $1,250 per square foot.; Located at 824 1st St, Manhattan Beach, CA 90266, a highly visible location with excellent signage opportunities.
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    Realmo Value Estimation

    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.

    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.

    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
    824 1St St Manhattan Beach, CA 90266
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