Listing by: Dario Svidler, Keller Williams Beverly Hills
0 Beds
n/a Full bath
n/aSqFt
Active
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.