1026 Manhattan Beach Blvd, Manhattan Beach CA 90266

Manhattan Beach

For more information:

Mike Rossi BRE: 01089100 Commercial Investments Cell: 310.849.9601 [email protected]

©2015, NW Real Estate, Inc. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty, or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other condition, prior sale, lease or financing or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. Offering Memorandum Commercial Opportunity NW Real Estate Brokers

Offered at $2,299,000.00

This beautiful mid-century commercial building Offering is an exceptional opportunity to purchase and enjoy as an owner/user, passive investment, or start over and construct your own new building.

The property is located on popular Manhattan Beach Blvd which experiences approximately 22,600 cars per day traveling in and out of downtown Manhattan Beach and is just west of Sepulveda Blvd. The property’s two current tenants are on month to month tenancies and 2 - 3 units are vacant and the ground floor space is configured to easily divide the space into two separate units. The rear of the property lies a large private parking lot with direct access off Manhattan Beach Blvd with a southern exposure.

Please contact the City of Manhattan Beach for information regarding zoning or any other development/use questions.

©2015, NW Real Estate, Inc. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty, or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other condition, prior sale, lease or financing or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. Property Description

ADDRESS: 1026 Manhattan Beach Blvd. Manhattan Beach, CA 90266

APN: 4170-026-004

BUILDING SIZE: 2,139 sf - per tax rolls 2,009 sf - taped 320 sf - taped and unpermitted

LOT SIZE: 5,752 sf (50’ x 114’)

YEAR BUILT: 1964

ZONING: CL – Local Commercial

PARKING: On-site 7 car parking lot

STORIES: 2 Story with 4 to 5 units (lower level divisible)

TRAFFIC COUNTS: Over 22,000 per day

ADDITIONAL INFORMATION: Contact City of Manhattan Beach 310-545-5621, www.citymb.info, or Mike Rossi

©2015, NW Real Estate, Inc. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty, or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other condition, prior sale, lease or financing or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. Parcel Map Area Maps Property Photos Floor Plan-1st Floor Floor Plan- Second floor Area Overview Los Angeles County South Bay

❖ The South Bay is a region of the southwest ❖ Los Angeles, officially the City of Los Angeles, often known by its initials L.A., is a major city in peninsula of Los Angeles County, California. The California's Southern California region, name stems from its geographic features approximately 342 miles (551 km) south of San stretching along the southern shores of Santa Francisco. With a population of 3,792,621 as of Monica Bay (covering the coastal regions on Los 2010,[15] Los Angeles is the second-largest city Angeles County south of LAX) which forms its in the United States, after New York City, and western border. the most populous city in California. Los ❖ Angeles is known for its mediterranean climate, The picture at right uses the broadest definition ethnic diversity, celebrity culture, traffic, and the of the region, including all communities south of film and television industry. Interstate 105 and west of Long Beach (with the exception of Compton, which is generally considered South LA). The South Bay includes: ❖ The city is the focal point of the larger Los Angeles metropolitan area and the Greater Los the Beach Cities (Manhattan Beach, Hermosa Angeles Area region, which contain 13 Beach, Redondo Beach), Torrance, the Palos million[16] and over 18 million people, Verdes Peninsula, neighborhoods of the City of respectively, as of 2010, making it one of the Los Angeles (Harbor City, Harbor Gateway, San most populous metropolitan areas in the world Pedro and Wilmington), El Segundo, inland cities as well as the second-largest in the United of the South Bay (Hawthorne, Inglewood, States. Los Angeles is the seat of Los Angeles Gardena, Carson, Lawndale, and Lomita) and County, the most populated county in the United unincorporated areas of L.A. County. [1] The States. The city's inhabitants are referred to as region is bordered on the north by the Westside, Angelenos. on the northeast by South Los Angeles, on the east by the Gateway Cities, and on the southeast by Long Beach and west by the Pacific Ocean. ❖ Nicknamed the City of Angels, Los Angeles is a global city, with strengths in business, ❖ international trade, entertainment, culture, The Harbor (I-110), San Diego (I-405), Gardena media, fashion, science, sports, technology, (SR 91), and Century (I-105) Freeways provide the education, medicine and research. It has been region with its principal transportation links. The ranked sixth in the Global Cities Index and 9th Los Angeles MTA's Blue Line (opened in 1990) is Global Economic Power Index. The city is home a light rail line running between Downtown Los to renowned institutions covering a broad range Angeles and Downtown Long Beach. It is the first of professional and cultural fields and is one of of the MTA's modern rail lines since the 1961 the most substantial economic engines within demise of the Pacific Electric Railway's Red Car the United States. The Los Angeles combined system. The Green Line (opened in 1995, together statistical area (CSA) has a gross metropolitan with the Glenn Anderson Freeway), a light rail product (GMP) of $831 billion (as of 2008), line, also serves the South Bay. It runs between making it the third-largest in the world, after the Redondo Beach and Norwalk in the median of Greater Tokyo and New York metropolitan the Century Freeway (Interstate 105), providing areas. Los Angeles includes Hollywood and indirect access to Los Angeles International leads the world in the creation of television Airport via a shuttle bus. Several ports and productions, video games, and recorded music; harbors in the South Bay provide access to Santa it is also one of the leaders in motion picture Catalina Island, a popular resort. In addition, Los production. Additionally, Los Angeles hosted Angeles International Airport borders El the Summer Olympic Games in 1932 and 1984. Segundo to the north in the neighborhood of Westchester, Los Angeles.