1218 W Manchester Avenue, Los Angeles, CA 90044 - Berkshire Hathaway HomeServices California Properties
1218 W Manchester Avenue Los Angeles, CA 90044
$2,950,000 0 beds, 0 baths
0 sqft

Agent Remarks

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. 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 $2,950,000 Reduced by $550,000 on 5/29/2025
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: 5/29/2025

 Find more Los Angeles homes and real estate

 Find more homes in 90044 zip code

This listing belongs to the C36 - Metropolitan Southwest MLS area

Lat/Long: 33.959692, -118.296617.
Find nearby listings


Listing Agent: Dario Svidler
Co Listing Agent: Almog Strikowski
Lic#: 01234982
Office Name: Mission Viejo

Area Map

Nearby Schools

No schools were found in the area