Price Reduction - Manhattan Beach 1301 Sepulveda Blvd Local commercial 130 m² À vendre Manhattan Beach, CA 90266 1 164 874 € (8 956,15 €/m²)

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.