MANHATTAN BEACH REAL ESTATE



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Real Estate Market Information

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City Description:

Manhattan Beach is a beach community in the South Bay of Los Angeles consisting of 3.88 square miles and 2.1 miles of beachfront. It is located approx. 3 miles south of the Los Angeles International Airport, just south of El Segundo, and north of Hermosa Beach. It has a very interesting history and was named after the home town of one of it's founders. 



 

Neighborhoods:

Sand Section:  This is the area closest to the ocean, with its major streets including the Strand, Highland Avenue, and Manhattan Avenue. It is generally the area bordered by Rosecrans on the north, and Valley Drive on the east. This area is noted for its higher density and numerous multi-family units compared to the balance of the city. In the area nearest the beach, the streets perpendicular to the ocean alternate between streets open to the traffic and streets closed to vehicles referred to as "walk streets". The homes along the beach front properties are referred to as "Strand" properties as they border on a large promenade along the entire beachfront. Live Oak Park and Sand Dune Park are both located in this neighborhood.

                                                             
                       Manhattan Beach Strand

Tree Section: This is the area bordered by Sepulveda Boulevard on the east, Rosecrans on the north, Valley Drive on the West, and Manhattan Beach Boulevard on the South This area is characterized by its lush enivironment of trees. These homes tend to be on smaller lots, with most homes recently constructed  built to maximize their square footage allowable per city codes, with relatively small setbacks. Most of the streets east of Pacific Avenue are named after different trees (Maple, Palm, Walnut, Pine, Elm, Oak) and the area does, in fact, have a heavy concentration of trees.

The Hill Section: This area is bordered by Manhattan Beach Boulevard to the north, Valley Drive to the west, and Sepulveda Boulevard to the east. It is known as the hill section, as homes are located on a sloping area of the city from the sand section to the relatively flat area to the east of Sepulveda. Lots in this area tend to be larger.

Liberty Village: This area is the easternmost portion of the city, and is bordered by Sepulveda Boulevard to the west, Marine Avenue to the north, Aviation to the east, and Manhattan Beach Boulevard to the South. This area is also characterized by recently built large homes on relatively small lots. It is also home to the largest public park in the city, Polliwog Park.


Manhattan Village: These homes are located adjacent to the Manhattan Village, and is bordered by Sepulveda Boulevard to the west, Rosecrans Boulevard to the north, Aviation to the east and Marine to the South. Manhattan Village, a gated community, provides both single family homes and townhouses for the area. Part of the TRW complex is located on the southwest corner of this area. 

Mira Costa Section: These homes are located surrounding Mira Costa High School, the high school for Manhattan Beach, and is bordered by Sepulveda Boulevard to the west, Manhattan Beach Boulevard to the north, Aviation to the east, and Artesia Boulevard to the south. The lots in this area tend to be larger than other areas of Manhattan Beach

El Porto area: This area, to the north of Rosecrans Avenue, is characterized by multi-familty units, with beachfront properties and the other homes within a short walk of the beach. and tends to be less expensive than homes in the Sand section of the city. This area is popular with surfers and has numerous volleyball courts on the beach. 

Downtown Manhattan Beach:

Downtown Manhattan Beach has a great business and shopping district with many great restaurants and shops.

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Aerial View of Downtown Manhattan Beach

Schools:

The city has its own school system, The Manhattan Beach Unified School System, with 5 elementary schools, one Middle School, and one High School (Mira Costa High). The schools rank very high on state standardized tests .

Sports, Parks and Recreation: 

The Parks & Recreation Department provides an array of facilities that include athletic fields, tennis, paddle tennis, volleyball and basketball courts, par courses, jogging and bike paths, a nine-hole golf course, swimming pool, and dozens of sports programs and fitness classes. Throughout the City there are 11 parks providing 80 acres of parkland within the community including 18 ball fields, 5 batting cages, 18 tennis courts (including 2 paddle tennis courts), 4 (Play & Pay) racquetball courts, 3 basketball courts, 2 par courses, a 1.7-mile jogging path, a 9-hole golf course and a large recreational pool. One fun park is Sand Dune Park, located off of Rosecrans Boulevard, west of Sepulveda (turn south on Bell Avenue). At Mira Costa High School, in addition to athletic fields and tennis courts, facilities available for public use include a gymnasium and track. Also located within the City is a 2-mile walking and jogging path that runs parallel to a bike path along the beach. Stretching along the beach spanning north and south of the Manhattan Beach Pier are over 150 volleyball courts which are also available for private or public use. 

Arts and Culture:

Although the City of Manhattan Beach does not have its own arts or cultural facility, there are numerous other arts and cultural facilities in the South Bay within an easy drive. These would include the Arts and Perfoming Center in Redondo Beach, the Torrance Cultural Arts Center, and the Norris Center for the Performing Arts in Rolling Hills Estates. Numerous other Arts and Cultural centers are located in the City of Los Angeles including the Dorothy Chandler Center and the Disney Philarmonic Center in downtown Los Angeles, the Pantages Theatre in Hollywood, numerous museums including the Getty Center in West Los Angeles, the Museum of Art in the Fairfax area, the Museum of Contemporary Art in Downtown Los Angeles, as well as several smaller performing arts venues in Westwood and the Hollywood area.

Taxes:
Property Taxes: The property tax rate for the fiscal year 2011-2012 is 1.068597%   (computed by the standard 1.0% of the property's assessed valuation (in accordance with Proposition 13, a property's assessed valuation is the original purchase price, plus the cost of improvements, based on the value of permits pulled, plus an increase in valuation of 2% per year) plus additional tax rates for voted bonded indebtedness) plus direct assessments of approx. $500-$700 per parcel for such items as school parcel taxes, etc.. 
Depending on the area, there may also be a direct assessment for the under-grounding of utilities.
 

Taxes are assessed for the fiscal year running from July 1st through June 30th, with property tax bills payable in two installments on December 10th and April 10th. If a property changes ownership during the year, a supplemental tax bill will be prepared prorating the tax increase due to a change in valuation over the remainder of the fiscal year. If a change in ownership occurs between January 1 and May 31 this will result  in two supplemental assessments and two supplemental tax bills. The first supplemental bill is for the remainder of the fiscal year in which the event occurred. The second supplemental bill is for the subsequent fiscal year. 

Property Transfer Tax: The County of Los Angeles levies a transfer tax upon the sale of a property of $1.10 per thousand dollars of the sale price.


Demographics:

Population in July 2007: 36,536. Population change since 2000: +7.6%
Males: 18,403 (50.4%), Females: 18,133 (49.6%)
Elevation: 100 feet
County: Los Angeles
Land area: 3.9 square miles
Zip codes: 90266.
Median resident age: 37.7 years 
Median household income: $127,936  (year 2007)


For population 25 years and over in Manhattan Beach

  • High school or higher: 96.8%
  • Bachelor's degree or higher: 67.6%
  • Graduate or professional degree: 28.6%
  • Unemployed: 2.7%
  • Mean travel time to work: 28.9 minutes 

    Crime in Manhattan Beach (2008):
  • 0 murders ( 0.0 per 100,000)
  • 2 rapes (5.9 per 100,000)
  • 29 robberies (85.2 per 100,000)
  • 21 assaults (61.8 per 100,000)
  • 144 burglaries (423.6 per 100,000)
  • 50 auto thefts (147.0 per 100,000)
  • City-data.com crime index (2007)= 172.0 (higher means more crime, US average = 320.9) 

    For the official home page of the City of Manhattan Beach, Click Here.

Maureen Megowan
Maureen Megowan
Realtor