3621 North Sepulveda Boulevard Manhattan Beach, CA $ 11,995,000
3621 North Sepulveda Boulevard
$ 11,995,000
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3621 North Sepulveda Boulevard

Manhattan Beach, CA, 90266
$ 11,995,000
Baths0.0

Monthly Estimate*

$ 79,722

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Studio

Commercial Property for sale in Manhattan Beach, CA

for $11,995,000. This building was built in 1972 on a lot size of 0.438935.

We are pleased to present this two-story mixed-use retail and office building located on the prime signalized corner of N. Sepulveda Blvd/Route 1 and Rosecrans Avenue in Manhattan Beach, directly across the street from the famed The Pointe retail center, the Manhattan Village, and 1.5 miles from the Pacific Ocean. The subject site comprises of two buildings totaling +/-14,893 square foot (per CoStar, includes basement space) of gross leasable area. This offering is ideal for an owner-user who wants to take advantage of prime signage and identity visibility, enjoy many neighborhood restaurants and amenities, and also collect high rental income with future lease escalations in tow. 3629 N. Sepulveda is the building located closest to Rosecrans Avenue and totals +/- 7,970 square feet, per CoStar, which includes two stories of move-in ready office space including reception area, private offices, conference rooms, storage rooms, and bathrooms. The square footage also includes a functional +/- 2,656 square foot functional below-grade basement, perfect for record storage, laboratory work, or another ancillary professional or medical services use. 3621 N. Sepulveda is a two-story building comprised of multiple small retail uses and a few vacancies. There is a popular neighborhood dance studio occupying three suites totaling 3,248 square feet and paying an attractive $9.27 per square foot in gross rent and has expressed interest in a lease extension. Kumon, which is a national franchise, occupies approximately 1,293 square feet and has also expressed an interest in a lease extension. There are currently two vacant suites available in the building. The site has excellent exposure to both north and south traffic and is surrounded by shopping and dining options. The 19,111 square foot lot is zoned MNCG and and offers 37 parking spaces. Ideal for an owner-user and/or investor with great visibility along N. Sepulveda Blvd. (Rte 1). Excellent 105/405 freeway access for employees and staff traveling from any part of the City. Enjoy multiple amenities including food, retail shopping, coffee shops and juice bars all mixed with standard office uses.

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Commercial Active

Price

$ 11,995,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.438935

Year Built

1972

Town/City

Manhattan Beach

County/Region

Los Angeles

MLS | Web ID

0024394102

Features
General
Zoning MNCG
Year Built 1972
County Los Angeles
Property Type F
Status Active
City Manhattan Beach
MLS Area 143 - Manhattan Beach Tree
Lot Size Square Feet 0.0
Street Name Sepulveda
Standard Status Active
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Exterior
Lot Features Corner Lot
Lot Size Area 19111.0
Lot Dimensions 80x239
Lot Size Acres 0.0
Land Lease Type Fee
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Interior
Total Stories 2
Street Suffix Boulevard
Total Baths 0
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* Excluded Features
List By
Oron Maher

Listing Agent

Maher Commercial Realty

Broker

Affordability Calculator

$79,722
Per Month
100%
0%
0%
Monthly Principal & Interest
$79,722
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/20/2024$11,995,000 Listed Price

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3621 North Sepulveda Boulevard, Manhattan Beach, CA, 90266 is a Commercial Property for sale at $11,995,000 with a lot size of 0.438935. 3621 North Sepulveda Boulevard is a studio with 0.0 baths and was built in 1972. The property's zip code is 90266 which is in Manhattan Beach, CA