3621 N Sepulveda Boulevard, Manhattan Beach, CA 90266 - Berkshire Hathaway HomeServices California Properties

3621 N Sepulveda Boulevard, Manhattan Beach, CA 90266

$10,995,000 Approx. USD 0 beds, 0 baths

Listing Agent


Oron Maher | oron@mahercr.com
Lic#: 01299093
Broker: Courtesy of Maher Commercial Realty

Agent Remarks

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.

Listing Details

Property type: (Commercial)
Status: Active
MLS# 24394102
List price is $10,995,000 Reduced by $1,000,000 on 9/6/2024
Price: $10,995,000
HOA Fee is $0.00
Built in 1972
0.44 acres
Lot size: 0.4387
County: Los Angeles
Zoning: MNCG
Lot description: Corner Lot
MLS area: 143 - Manhattan Bch Tree

Last Updated: 12/6/2024

 Days On Market (DOM): 300

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This listing belongs to the 143 - Manhattan Bch Tree MLS area

Lat/Long: 33.901338, -118.396986.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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