Los Angeles, CA 90044,1218 W Manchester Avenue
Los Angeles, CA 90044,1218 W Manchester Avenue
Los Angeles, CA 90044,1218 W Manchester Avenue
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$2,950,000
Est. payment /mo
0.76 Acres Lot
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Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CL25477705

HOA Y/N No

Lot Size 0.758 Acres

Acres 0.76

Property Sub-Type Unimproved Land

Property Description

NEW PRICE! 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

Location

State CA

County Los Angeles

Zoning C2-1

Interior

Fireplace No

Building

New Construction No

Others

Tax ID 6047002004


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Bridge MLS
Listed by Dario Svidler • Keller Williams Beverly Hills
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1218 W Manchester Avenue