905 909 Manhattan Beach Boulevard, Manhattan Beach, CA 90266

$4,500,000
Sold Price
$4,500,000
List Price
$5,200,000
Closing Date
May 04, 2022
Status
CLOSED
MLS#
SB22024413
Year Built
1948
Lot Size
8,280
Acres
0.19010000000000002
Lot Location
Near Public Transit, StreetLevel, Level
Days on Market
29
Property Type
Commercial
Property Sub Type
Multi Family

Property Description

ONE OF THE FINEST MULTI-RESIDENTIAL/COMMERCIAL LOCATIONS IN THE CITY, WHERE THE TREE SECTION MEETS THE HILL SECTION, JUST 5 BLOCKS AND A 10 MINUTE WALK TO DOWNTOWN. DOUBLE 36 X 115 LOTS WITH 72 FEET OF SOUTH FACING FRONTAGE AND A 30 FOOT HEIGHT LIMIT OFFERS POTENTIAL TO DEVELOP 4 TOWNHOMES + ADDITIONAL COMMERCIAL SPACE WITH CITY APPROVAL. 905 MBB IS IMPROVED WITH A TWO STORY DETACHED OFFICE BUILDING WITH OVER 2,000 SQ FT, PLUS DETACHED REAR DUPLEX WITH LOWER 1-BR UNIT AND UPPER SPACIOUS HOME-LIKE 1-BR UNIT WITH FIREPLACE, HARDWOOD FLOORS, LARGE DECK AND OVERSIZED ONE CAR GARAGE WITH SECURE STORAGE. ADDITIONAL SEPARATE STORAGE ROOM, SEPARATE LAUNDRY ROOM + 2 CAR PARKING ARE LOCATED ON LOWER LEVEL OF THE DUPLEX. 909 MBB HAS 400 SQ FT OFFICE BUILDING + 10 CAR PARKING. BUSINESS IS REAL ESTATE BROKERAGE WHICH WOULD PREFER SHORT TERM RENT BACK TO FACILITATE RELOCATION. OWNER/BROKER UTILIZING 905 OFFICE BLDG, 905-A, 905-B, 909 OFFICE BLDG (PAYS GAS: 387/YR, ELECTRIC: 2791/YR, PAYS NO RENT). 905, 905-A, 905-B, 909 RENTS LISTED ARE PRO-FORMA. POTENTIAL SHORT TERM ASSUMABLE FINANCE AVAILABLE.

Additional Information

Heat
Central, Forced Air, Fireplace(s), Wall Furnace
Cooling
Yes
Cooling Description
Central Air
Exterior Construction
Block, Drywall, Lap Siding, Plaster, Stucco
Roof
Composition, Flat, Rolled/Hot Mop, Shingle
Water
Public
Attached Structure
Detached
Number Of Units Total
4
Operating Expense
42224

Listing courtesy of Listing Agent: Robert Schumann (realestatewest@verizon.net) from Listing Office: Real Estate West, Inc..

Listing sold by Joe Mandelbaum from Mandelbaum and Associates, Inc.

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.