Description
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.
Property Type
LandCounty
Los AngelesStyle
LandAD ID
48259525
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Property Details
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Interior Features
Bathroom Information
- Total Baths: 0
- Full Baths: 0
- Half Baths: 0
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Assessor
- Lot Size Acres: 0.7581
- Lot Size Dimensions: 240x137
- Lot Size Source: Assessor
- Lot Size Square Feet: 33022
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Listing Information
Listing Price Information
- Original List Price: 3,950,000
- Listing Contract Date: 2025-01-07
Lease Information
- Listing Agreement: Exclusive Right To Sell
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Taxes / Assessments
Tax Information
- Parcel Number: 6047002004
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: C36 - Metropolitan Southwest
- Directions: On Manchester between Normandie and Vermont.
- Zoning: C2-1L-CPIO
- Source Property Type: Land
- Area: C36 - Metropolitan Southwest
Building and Construction
- Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 01/15/2025 @ 12:13
- MLS: 25477705
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 33,022 sized lot, and 0 parking. A comparable Land, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90044, this Los Angeles County Land are nearby neighborhoods.