Listing by: Dario Svidler, Keller Williams Beverly Hills

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n/a Full bath

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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 Details
Price $3,950,000
Lot Size 240x137
Lot Size Area 33022
Lot Size Area Units Square Feet
Acres 0.7581
Property Type Land
Geographic Data
Directions On Manchester between Normandie and Vermont.
County Los Angeles
Latitude 33.959692
Longitude -118.296617
Market Area C36 - Metropolitan Southwest
Address Information
Address 1218 W Manchester Avenue, Los Angeles, CA 90044
Postal Code 90044
City Los Angeles
State CA
Country United States
Listing Information
Listing Office Keller Williams Beverly Hills
Listing Agent Dario Svidler
Special listing conditions Standard
MLS Information
Days on market 8
MLS Status Active
Listing Date Jan 7, 2025
Listing Last Modified Jan 15, 2025
Tax ID 6047002004
MLS Area C36 - Metropolitan Southwest
MLS # 25477705

This information is believed to be accurate, but without any warranty.
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