3621 N Sepulveda Boulevard
Manhattan Beach, CA, 90266 $ 10,995,000
Baths0.0 Sq 14,893 Monthly Estimate*
$ 65,850
Listed by Maher Commercial Realty
Studio
for $10,995,000. This 14,893 square foot building was built in 1972 on a lot size of 0.4387.
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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FeaturesGeneralZoning MNCG
HOA 0.0
Year Built 1972
County Los Angeles
New Construction N
Property Type CommercialSale
Home Owner Assoc N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions West on Rosecrans Avenue Property is just West of Sepulveda Blvd.
City Manhattan Beach
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 7
MLS Area 143 - Manhattan Bch Tree
Lot Size Units SquareFeet
Lot Size Square Feet 19111.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 109
Standard Status Active
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ExteriorLot Features CornerLot
Total Parking 37.0
Lot Size Area 19111.0
Spa N
Building Area Total 14893.0
Lot Dimensions 80x239
Lot Size Acres 0.4387
Lot Size Source Other
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Electric On Property Y/N N
Total Baths 0
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* Excluded FeaturesList ByMaher Commercial RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $65,850
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 5.99% 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.
Learn more about how to save NearbyCommerical listings in Manhattan Beach, CA
Average List Price $7,665,000
Percent of Sale Price 30%
About Manhattan Beach, CA 34,789 Population
2% Since 2002
$ 151,500 Median Income
43.46 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
9/6/2024 | $10,995,000 | -8.34% | Price Down |
5/20/2024 | $11,995,000 | | Listed Price |