1218 W Manchester Ave - Commercial LAND FOR SALE


Los Angeles, CA 90044- South Central LA33,023 SF
$3,750,000 USD
424-600-7633
1218 W Manchester Ave, Los Angeles, CA for Sale
$3,750,000 USD
Commercial LAND - FOR SALE
1/9
33,023 SF

1218 W Manchester Ave
Los Angeles, CA 90044
South Central LA


HIGHLIGHTS

  • 200+/- Units Possible On Site
  • 129 Unit Mixed-Use Project Available - Near RTI
  • ED1 Eligible - 16 Foot Alley
  • Tremendous Visibility - Short commute to Inglewood
  • Delivered Vacant - No need for Relocation
  • Cell Tower with built-in income

OVERVIEW

PRICE REDUCED! Partners CRE is 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.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/ACRE

$4,946,702/AC

PRICE/SF

$114 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Build up to 200± Units - 129 Unit Proj. Avail

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Mixed Use, Multi-Family, Apartment Units, Apartment Units - Dorms, Apartment Units - Senior, Apartment Units - Subsdzd

LAND ACRES

0.76 AC

LAND SF

33,022 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone

ZONING

C2-1L-CPIO Tier 3

APN/PARCEL ID

6047-002-004,6047-002-005,6047-002-006,6047-002-007

ASK ABOUT THIS PROPERTY

Dario SvidlerPartners CRE - KWBHMore Info
424-600-7633

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Dario SvidlerPartners CRE - KWBHMore Info
424-600-7633

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.