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    947 Manhattan Beach Blvd Manhattan Beach, CA 90266
    Property profile & analytics

    947 Manhattan Beach Blvd Manhattan Beach, CA 90266

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    • Investment properties
    • 1,884 SF
    • 0.07 lot acres
    For Sale
    $4,950,000
    View Listing →
    Manhattan Beach Development Opportunity For Sale
    $4,950,000
    8,753 SF

    Manhattan Beach Development Opportunity

    Triple corner development site in prime Manhattan Beach location.

    947 Manhattan Beach, Manhattan Beach, CA 90266
    View Listing
    Property ID
    US09-7366444
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • BodyworkSites / Alternative Medicine Practice
    • International Cosmetics & Regulatory Specialists, LLC / Consultant
    • ICRS Regulatory / Corporate Office / Business Park
    • Southbay Lymphatic Therapy / Alternative Medicine Practice / Spa & Massage Center
    • Judy Doeppel Skin Care & Nutrition / Spa & Massage Center / Alternative Medicine Practice

    Property Details for 947 Manhattan Beach Blvd

    Year built
    1967
    Construction
    WOOD
    Lot size
    0.07 lot acres
    Property size
    1,884 SF
    Zone code
    MNCL
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    4170-010-017
    APU
    4170010017

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.399
    Latitude
    33.8876
    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
    $1,904
    $48,039
    $55,732
    $103,771
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation
      $960,000
      3,456 SF

      1111 6th St

      STORE/OFFICE (MIXED USE) • 3,456 SF
      1111 6th St, Manhattan Beach, CA 90266
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    • Value Estimation
      $660,000
      4,530 SF

      815 Manhattan Ave

      STORE/OFFICE (MIXED USE) • 4,530 SF
      815 Manhattan Ave, Manhattan Beach, CA 90266-5557
      View Details
    • Value Estimation
      $3,200,000
      11,610 SF

      300 Manhattan Bch Blvd

      STORE/OFFICE (MIXED USE) • 11,610 SF
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      View Details
    • Value Estimation
      $1,050,000
      3,305 SF

      232 Manhattan Bch Blvd

      STORE/OFFICE (MIXED USE) • 3,305 SF
      232 Manhattan Bch Blvd, Manhattan Beach, CA 90266-5351
      View Details
    • Value Estimation
      $1,110,000
      4,654 SF

      324 Manhattan Bch Blvd

      STORE/OFFICE (MIXED USE) • 4,654 SF
      324 Manhattan Bch Blvd, Manhattan Beach, CA 90266-5357
      View Details

    Similar Nearby for Sale

    • $3,850,000
      0.20 Acres

      Manhattan Beach Development Opportunity

      Triple corner development site in the heart of Manhattan Beach.
      947 Manhattan Bch Blvd Blvd, Manhattan Beach, CA 90266
      View Details
    • $3,850,000
      8,753.00 Acres

      Manhattan Beach Development Opportunity

      Triple corner lot with redevelopment potential in Manhattan Beach.
      947 Manhattan Beach Blvd, Manhattan Beach, CA 90266
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    • $820,000
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      Manhattan Beach Mixed-Use Retail Space

      Prime mixed-use complex in the heart of downtown Manhattan Beach.
      1300 Highland Ave, Manhattan Beach, CA 90266
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    • $650,000
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      Manhattan Beach Office Condo For Sale

      Top-floor office condo in downtown Manhattan Beach, steps from the ocean.
      1300 Highland Ave, Manhattan Beach, CA 90266
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    Similar Nearby for Lease

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      Manhattan Beach Towers Office Space

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      Retail Space with High Ceilings

      Retail shell space suitable for various retailers.
      1800-2010 N Sepulveda Blvd, Manhattan Beach, CA 90266
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    • $8 SF/Yr
      650 SF

      Manhattan Beach Office Space Available

      Second floor office space for rent in Manhattan Beach.
      232 Manhattan Beach Blvd, Manhattan Beach, CA 90266
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    • Contact for pricing

      Highland Avenue Retail/Office Space

      New development near Manhattan Beach Pier with rooftop terrace.
      1212 Highland Ave, Manhattan Beach, CA 90266
      View Details
    • $3 SF/Yr
      1,019 SF

      Manhattan Beach Office Space Available

      Office space for rent in Manhattan Beach, CA.
      1020 Manhattan Beach Blvd, Manhattan Beach, CA 90266
      View Details
    • $1,200 /Mo
      1,580 SF

      Manhattan Beach Second Floor Office

      Two-room office space in Manhattan Beach, move-in ready.
      1716 Manhattan Beach Blvd, Manhattan Beach, CA 90266
      View Details
    View Listing
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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.

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