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1218 W Manchester Ave
Los Angeles, CA 90044

$3,950,000 USD

Land For Sale  •  0.76 AC

Property Details

  • Property Type Land
  • Lot Size 0.76 AC
  • Zoning C2-1L-CPIO Tier 3
58 Transit Score
80 Walk Score

Description

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.

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

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
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
AirportDriveWalkDistance
Los Angeles International 15 min - 7.6 mi
Long Beach (Daugherty Field) 23 min - 16.7 mi
Bob Hope 33 min - 25.0 mi
Dario Svidler 424-600-7633 Partners CRE - KWBH
Dario Svidler 424-600-7633 Partners CRE - KWBH