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    Property profile & analytics

    1030 Manhattan Bch Blvd Manhattan Beach, CA 90266

    • Office buildings
    • 4,380 SF
    • 0.36 lot acres
    OFF-MARKET
    Last Sale
    Jan 11, 2025
    $6,200,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6362026
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 1030 Manhattan Bch Blvd

    Year built
    1953
    Construction
    WOOD
    Lot size
    0.36 lot acres
    Property size
    4,380 SF
    Zone code
    MNCL
    Property type
    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.397
    Latitude
    33.8871
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $44,058
    $2,897,475
    $872,102
    $3,769,577
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,195,000
      52,604 SF

      300 Sepulveda Blvd

      OFFICE BUILDING • 52,604 SF
      300 Sepulveda Blvd, Manhattan Beach, CA 90266
      View Details
    • Value Estimation
      $340,000
      3,950 SF

      800 Manhattan Bch Blvd

      OFFICE BUILDING • 3,950 SF
      800 Manhattan Bch Blvd, Manhattan Beach, CA 90266-4951
      View Details
    • Value Estimation
      $565,000
      3,256 SF

      920 Manhattan Bch Blvd

      OFFICE BUILDING • 3,256 SF
      920 Manhattan Bch Blvd, Manhattan Beach, CA 90266-5101
      View Details
    • Value Estimation
      $785,000
      32,287 SF

      1700 Rosecrans Ave

      OFFICE BUILDING • 32,287 SF
      1700 Rosecrans Ave, Manhattan Beach, CA 90266-3705
      View Details
    • Value Estimation
      $595,000
      2,736 SF

      317 Rosecrans Ave

      OFFICE BUILDING • 2,736 SF
      317 Rosecrans Ave, Manhattan Beach, CA 90266-3241
      View Details
    • Value Estimation
      $485,000
      8,626 SF

      321 12th St

      OFFICE BUILDING • 8,626 SF
      321 12th St, Manhattan Beach, CA 90266-5306
      View Details

    Similar Nearby for Sale

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      Manhattan Beach Office Building

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      Manhattan Beach Condo For Sale

      Condo in a three-story building available for purchase.
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    • $14,500,000
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      Manhattan Beach Office Building

      Prime Downtown Location, Ocean Views
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    • New
      $4,950,000
      8,753.00 Acres

      Manhattan Beach Development Opportunity

      Triple corner development site in the heart of Manhattan Beach.
      947 Manhattan Beach Blvd, Manhattan Beach, CA 90266
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,650 SF

      Manhattan Beach Executive Suites

      Prime Manhattan Beach Office Space
      1500 Rosecrans Ave, Manhattan Beach, CA 90266
      View Details
    • $1,349 /Mo
      415 SF

      Professional Office Space Near Beach

      Clean office space in Manhattan Beach, convenient location near LAX.
      2100 N Sepulveda Blvd, Manhattan Beach, CA 90266
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    • $1,000 /Mo

      Updated Office Space Available

      Recently updated office space for rent with included utilities.
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    • $6 SF/Yr
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      Medical Office Space Available

      Second floor medical office space for rent.
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    • Contact for pricing
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      Manhattan Beach Executive Suites

      Prime Beach City Office Space Available
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      View Details
    • $4 SF/Yr
      25,386 SF

      Creative Office Space For Rent

      Creative office space featuring high ceilings, skylight, and large windows.
      3200 N Sepulveda Blvd, Manhattan Beach, CA 90266
      View Details
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    Manhattan Beach, CA 90266
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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