125 Manhattan Beach Blvd Manhattan Beach, CA 90266

$6,300,000 Sold Price as of 08/03/2018

-- Beds
-- Baths
3,440 Sq.Ft.

Off Market

$6,300,000 Sold Price as of 08/03/2018 Refinance Your Mortgage

Map preview of 125 Manhattan Beach Blvd, Manhattan Beach, CA 90266

Property Overview: 125 Manhattan Beach Blvd Manhattan Beach, CA has -- bedrooms, -- bathrooms, 3,440 living square feet and 2,253 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

125 Manhattan Beach Blvd is currently an off market home in the city of Manhattan Beach. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Manhattan Beach has a median list price of $3,999,999. The median price per/sqft for Manhattan Beach is $1,369. With those numbers in mind, if you are looking to purchase a median priced home in Manhattan Beach, CA and put 20% down you will need to save up $800,000 for the down payment and will need roughly $80,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Manhattan Beach the commission could be as much as $152,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 125 Manhattan Beach Blvd

Last sold for $6,300,000 on August 3rd, 2018

August, 2018
Aug 6, 2018

Date

Sold

CRMLS: SB17234550

$6,300,000

Price
Jul 6, 2018

Date

Active Under Contract

CRMLS: SB17234550

$6,500,000

Price
Jun 22, 2018

Date

Price Change

CRMLS: SB17234550

$6,500,000

Price
May 25, 2018

Date

Price Change

CRMLS: SB17234550

$6,999,000

Price
Mar 14, 2018

Date

Price Change

CRMLS: SB17234550

$7,300,000

Price
Nov 20, 2017

Date

Price Change

CRMLS: SB17234550

$7,995,000

Price
Oct 12, 2017

Date

Active

CRMLS: SB17234550

$8,500,000

Price
Listing provided courtesy of CRMLS

This offering of a commercial property in Manhattan Beach, just steps from the sand, the iconic Manhattan Beach Pier, Strand and adjacent to a wide range of thriving commercial businesses and multi-million dollar homes with unparalleled exposure and pedestrian traffic. The property is a 2 story building approx 3,440 sf (per assessor's records - buyer to verify) constructed with retail on the 1st floor and office space on the 2nd floor. The entire property underwent an extensive renovation to the interior and the facade completed in 2014. Prior to the renovation, the 2nd floor was used for residential purposes. The lot is 2,253 sf with nice elevation that overlooks Manhattan Beach Pier, and boasts spectacular views of the Pacific Ocean from both levels and full coastline views to Malibu from the roof top. The property is zoned Downtown Commercial and according to the Downtown Specific Plan adopted in 2017 this allows a broad range of uses, including live/work and residential uses (with a conditional use permit). Zoning permits a Floor Area Ratio of 1.50 for new developments and 51.3 residential dwelling units per acre (2.65 units) is the approx calculation for this lot. The height limit is 30 feet, any development is subject to discretionary approval from the Planning Department. Mickie's Beach and Diane's Beachwear have been at this location for decades and is a rare opportunity to acquire an irreplaceable parcel of commercial real estate in a world renowned location.

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August, 2018
Aug 3, 2018

Date

Sold (Public Records)

Public Records

$6,300,000

Price
March, 2008
Mar 13, 2008

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 125 Manhattan Beach Blvd

Assessed Value (2020): $6,426,000

Year	Land Value	Improved Value	Assessed Value
2020	$4,585,920	$1,840,080	$6,426,000

About 125 Manhattan Beach Blvd

Detailed summary of property

125 Manhattan Beach Blvd is categorized with a use code of Retail Stores ( Personal Services, Photography, Travel) in Manhattan Beach, CA 90266 and last sold on August 3, 2018 for $6,300,000. This property has -- bedrooms, -- bathrooms, roughly 3,440 living square feet, and sits on an approximately 2,253 square foot lot. Homes in Manhattan Beach are selling for a median price of $3,050,000 and a median price per square foot of $1,257. Based on Ardent Real Estate Group's Manhattan Beach Market Data, this home is sold 106.56% higher than the current median priced home. 125 Manhattan Beach Blvd was last sold on August 3, 2018 for $6,300,000. Local nearby listings include 8418 Vicksburg Ave, 8205 Dunbarton Ave and 8017 Belton Dr. The average home in Manhattan Beach, CA is selling in 90 days. There are currently 119 homes for sale in the Manhattan Beach real estate market and 103 of them are single family homes while 2 of them are condos and 14 are townhomes. If you are the homeowner and looking to sell the home at 125 Manhattan Beach Blvd Manhattan Beach, CA 90266 contact Ardent Real Estate Group and we will put you in touch with one of our Manhattan Beach agents.

Public Facts for 125 Manhattan Beach Blvd

Public county record property details

Beds: --
Baths: --
Year built: 1972
Sq. Ft.: 3,440
Lot Size: 2,253
Stories: 1

Type: Retail Stores ( Personal Services, Photography, Travel)
Pool: No
Spa: No
County: Los Angeles
Lot#: 9
APN: 4179-022-005

The source for these homes facts are from public records.

90266 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$3,999,999

Median List Price/Sq.Ft.

$1,369

Median Sold Price

$3,250,000

Median Sold Price/Sq.Ft.

$1,257

Total Inventory

119

Median Sale to List Price %

90.3%

Avg Days on Market

Loan Type

Conventional (42.11%), FHA (0%), VA (0%), Cash (26.32%), Other (26.32%)

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