1218 Manchester Avenue, Los Angeles, CA 90044
  • MLS#: 25477705 ( )
  • Street Address: 1218 Manchester Avenue
  • Viewed: 2
  • Price: $3,950,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 11
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90044
  • Provided by: Keller Williams Beverly Hills
  • Contact: Dario Dario
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are proud to present for sale a redevelopment opportunity in the heart of South Los Angeles. The Commercially Zoned property spans 240 feet of frontage on Manchester Ave., sitting in front of a 16 foot alley, and totals over 33k SF of land, three quarters of an acre! Sitting between Normandie Ave. & Vermont Ave., you are just a hop and a skip to the 110 Freeway. A Developer can potentially build up to 200 units by utilizing ED1. However, to keep to a cost effective development with only 3 stories, a 100 unit project is very doable with rewarding numbers. Taking into account the alley in back, a building partially or fully parked may be in the future. The Seller has submitted a 129 Unit Mixed Use Project to the City. The existing TOC Project can be delivered almost RTI, with the only requirements pending being the Grading Bond (around $20k) and the Sewer Tie Fee (around $65k) work estimated to take around 30 days. Plans are available upon request. There is a leased Cell Tower in the back of the property that has about 12 years remaining on the lease, with built in income. The property is in a dense area with over 400K people in a 3 mile radius. The development site is a short commute to the City of Inglewood, which is home to Sofi Stadium, Kia Forum and Intuit Dome. The property will be delivered vacant at the close of escrow with only the Cell Tower lease.
Property Location and Similar Properties
Request More Information
  • All fields are required.
Contact Patrick Adams
Contacting Patrick Adams
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Features
Country
  1. US
Lot Dimensions Source
  1. Assessor
Parcel Number
  1. 6047002004
Zoning
  1. C2-1L-CPIO