2705 N Sepulveda Boulevard Manhattan Beach, CA 90266

4,756 Sqft
17,292 Sqft lot
0.40 Acre lot
Status: Active
Property Type: Retail
Year Built: 1974
Days on Website: 286

Property listed by The Realestate Group, Andrew Tseng. IDX Contact: 310-540-0072

Description

We are pleased to present a commercial property in Manhattan Beach located across the street from Manhattan Village. Manhattan Village boasts major renovations since 2017 with many incoming retailers and high traffic. This 3 tenant retail center includes 2 that are NNN. Majority long term tenants yield stable return. The lot is a flat oversized lot at 17292 SF currently zoned at MBC2YY at 160’x108’ which yields future potential construction. (must check with city planning commission). There are 20 parking spaces for 4756 SF of rental space, with potential to draw out more spaces. Rare opportunity to acquire this commercial building with a big lot size for future redevelopment potential.

Open House

Property Details and Features

  • Built in 1974
  • 4756 total building sqft
  • Insurance Expense: $5,405
  • Operating Expense: $64,599
  • Gross Scheduled Income: 273484
  • Net Operating Income: 246096
  • Listing ID: SB21241356
  • Property Subtype: Retail
  • 217 days on market
  • Listed on 2021-11-03
  • County: Los Angeles
  • 17292 sqft
  • 0.397 acres
  • Area: 17292
  • Dimensions: 160'x108'
  • 0-1 Unit/Acre
  • 3 units
  • Annual Amount: $59,194
  • Year: 2020