Land For Sale • 0.76 AC
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.
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 |
Commuter Rail | Drive | Walk | Distance |
---|---|---|---|
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) | 14 min | - | 9.8 mi |
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 16 min | - | 10.0 mi |
Airport | Drive | Walk | Distance |
Los Angeles International | 15 min | - | 7.6 mi |
Long Beach (Daugherty Field) | 23 min | - | 16.7 mi |
Bob Hope | 33 min | - | 25.0 mi |