1301 Sepulveda Blvd - Freestanding FOR SALE


Manhattan Beach, CA 90266
$1,650,000 USD
424-405-3829
1301 Sepulveda Blvd, Manhattan Beach, CA for Sale
$1,650,000 USD
Freestanding - FOR SALE
1/12
null | Request Cap Rate

1301 Sepulveda Blvd
Manhattan Beach, CA 90266


HIGHLIGHTS

  • Residential and Commercial Developments Permitted
  • Existing Automotive Facility; Delivered Vacant
  • Desirable Location of Manhattan Beach
  • 4,320 SF of Land; Flat, Rectangular Lot
  • Sepulveda Blvd at Manhattan Beach Blvd
  • 1 Mile From Manhattan Beach Pier

OVERVIEW

This sale offers the opportunity to purchase an automotive facility with redevelopment potential in the city of Manhattan Beach. The site is zoned for both commercial and residential uses and is to be delivered vacant. The subject property, located at 1301 N. Sepulveda Blvd., consists of a single parcel for a total of 4,320 square feet of land. The site is situated in a highly-visible location on the primary coastal highway (SR 1) in one of the most desirable Southern California beachfront communities of Manhattan Beach. The area is highly sought after due to its ocean-front location, its amazing community and schooling, its world-class retail and dining establishments all while offering proximity to Los Angeles International Airport, major entertainment venues, freeway access and Downtown Los Angeles. Zoning on the site is CG, which is a commercial zoning designation, which permits for numerous commercial uses. The property falls within the Residential Overlay District, which permits for residential uses. By-right residential projects allow for 20-60 dwelling units per acre, require 20% of units to be designated affordable and have a height limit of 36’. The site qualifies for the state density bonus which will allow for increased density and offers other development incentives. 1301 N. Sepulveda Blvd. offers the opportunity to purchase a property that can continue to be utilized in its current condition or that can be redeveloped. Numerous uses are permitted, all of which will benefit from being in one of the South Bay’s most desirable locations.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$1,179 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Exist. Auto Facility: Redevelopment Potential

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Showroom, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,320 SF

ZONING

MBCG

APN/PARCEL ID

4170-007-017

ASK ABOUT THIS PROPERTY

Derek L. CaldwellMarcus & Millichap - Caldwell Industrial TeamMore Info
424-405-3829

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Derek L. CaldwellMarcus & Millichap - Caldwell Industrial TeamMore Info
424-405-3829

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.