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1218 W Manchester Ave

Los Angeles, CA 90044
  • $3,750,000
  • STATUS: Active
  • ON SITE: 40 Days
  • MLS #: 25-477705
Price Reduced
UPDATED: 23 min ago
$3,750,000
  • 0
    BEDS
  • 0.76
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

PRICE REDUCED! 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.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-17T12:43:00.723. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/159246773
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1218 W Manchester Ave Los Angeles, CA 90044

  • Price: $3,750,000
  • Status: Active
  • On Site: 40 Days
  • Updated: 23 min ago
  • MLS #: 25-477705
0
Beds
0
Baths
0
½ Baths
0.76
Acres
Neighborhood:
Metropolitan Southwest
County:
Los Angeles
Area:
Metropolitan Southwest
Property Description
PRICE REDUCED! 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.
Exterior Features

Lot Description 2-4 Lots Lot Size Area 33022 Road Frontage 240 View Description Other View YN Yes

Property Features

Cable YN Yes Disclosures As IsOther Potential Usage Build Up To 200+/- Units. 129 Unit Project almost RTI. Present Use Redevelopment Opportunity. Sale Type Standard Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Zoning C2-1L-CPIO

Listing provided courtesy of Dario Svidler DRE#01884474 of Keller Williams Beverly Hills: 310-432-6400.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-17T12:43:00.723. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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