1030 Manhattan Beach BlvdManhattan Beach, CA 90266

Property Details for 1030 Manhattan Beach Blvd

Year built

1953

Construction

WOOD

Lot size

0.36 AC

Property size (Sq ft)

4,380 SF

Zone code

MNCL

Property type

Office properties

Property subtype

Office buildings

APN

4170-026-003

APU

4170026003

Description

This exceptional 4,500 square foot single-tenant office building is situated on a prominent 15,799 square foot lot at 1030 Manhattan Beach Boulevard, Manhattan Beach, CA 90266. The property, zoned MNCL, boasts a highly visible frontage on Manhattan Beach Boulevard and a cross street of Sepulveda Boulevard. Built in 1952 and renovated in 2015, this one-story building features a stylish Midcentury Modern design with 11-foot ceilings. The space is currently vacant and offers a flexible layout, previously accommodating 30 agents and employees in a real estate office setting. The property includes a tranquil courtyard with a fountain, adding a unique and appealing atmosphere. Ample parking is provided with 14 spaces, offering a desirable 3:1 parking ratio. The building has a floor area ratio (FAR) of 0.29. A sublease is available until February 28, 2025, at a rate of $3.75 per square foot plus NNN charges. The seller will negotiate a direct lease with a tenant commencing March 1, 2025, for a mutually agreeable term and lease rate. This property presents a rare opportunity to secure a well-located, versatile office space in the heart of Manhattan Beach. The property's APN is 4170-026-003.

• CAP approach

  CAP return

  Valuation

  6%

  $1,301,375

  6.5%

  $1,201,269

  7%

  $1,115,464

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,056,719

  Geo Method

  $1,056,719

• Alternative Use

  Use

  Valuation

  Residential

  $1,489,574

  Hospitality

  $1,364,442

  Educational

  $1,135,200

  Medical

  $1,174,241

  Retail

  $1,765,866

Location Insight

City

Manhattan Beach

County

Los Angeles

State

California

Latitude

33.8871

Longitude

-118.397

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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