1218 W Manchester Avenue, Los Angeles, CA 90044 - Berkshire Hathaway HomeServices California Properties

1218 W Manchester Avenue, Los Angeles, CA 90044

$3,750,000 Approx. USD 0 beds, 0 baths

Listing Agent


Dario Svidler | dario@svidlercre.com
Lic#: 01884474
Broker: Courtesy of Keller Williams Beverly Hills

Co Listing Agent


Almog Strikowski | almog@partnerscrela.com
Lic#: 01986816
Broker: Courtesy of Keller Williams Beverly Hills

Agent Remarks

PRICE REDUCED! 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.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 25477705
List price is $3,750,000 Reduced by $200,000 on 2/11/2025
Price: $3,750,000
Beds: 0
Baths: 0
0.76 acres
Lot size: 0.7581
County: Los Angeles
Zoning: C2-1L-CPIO
MLS area: C36 - Metropolitan Southwest

Last Updated: 2/11/2025

 Days On Market (DOM): 67

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This listing belongs to the C36 - Metropolitan Southwest MLS area

Lat/Long: 33.959692, -118.296617.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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