Manhattan Beach, CA 90266,3621 N Sepulveda BLVD
Manhattan Beach, CA 90266,3621 N Sepulveda BLVD
Manhattan Beach, CA 90266,3621 N Sepulveda BLVD
Manhattan Beach, CA 90266,3621 N Sepulveda BLVD
Manhattan Beach, CA 90266,3621 N Sepulveda BLVD
Manhattan Beach, CA 90266,3621 N Sepulveda BLVD
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$ 10,995,000
Est. payment | /mo

0.44 Acres Lot


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$ 10,995,000
Est. payment | /mo
Save

0.44 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 24394102

HOA Y/N No

Year Built 1972

Lot Size 0.439 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area 143 - Manhattan Bch Tree

Zoning MNCG

Interior

Fireplace No

Exterior

Total Parking Spaces 37

Building

Lot Description Corner Lot

Story 2

Others

Tax ID 4173008033

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Oron Maher • Maher Commercial Realty
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303 N Glenoaks Blvd, Burbank, CA, 91502, USA

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3621 N Sepulveda BLVD