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911 W Manchester Ave

Los Angeles, CA 90044
  • $3,000,000
  • STATUS: Active
  • ON SITE: 51 Days
  • ID#: 22-157019
UPDATED: 15 min ago
$3,000,000
  • 0
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

Opportunity Knocks! We are pleased to exclusively offer for sale 911 W. Manchester Ave. Los Angeles, CA 90044, a 74-Unit Development (100% Affordable Housing) Covered Land Play Offering in an area prime for new development. Located near Sofi Stadium, this exciting 16,131 square foot double lot Development Opportunity is Tier 3 TOC , allowing 70% Density. Current tenant is Month-To-Month Paying $5,000 per month and the property is Zoned C2-2D-CPIO. Based on zoning, we estimate 38 Buildable Units with TOC and +/- 74 Buildable Units with 100% Affordable Housing. Priced at $40,540 Per Buildable Unit for the 100% affordable option, this is an extremely well-priced multi-family development opportunity. The location has become very popular for new development, as there are more than 10 Multi-Family/Mixed-Use Developments being built close by. Property currently generates $54,726 in Annual Gross Income, which can continue to be collected during the approval process. Located one parcel over from EvermontLA, the exciting new mixed use development that just broke ground last week after many years of planning. Located at the Northeast corner of Vermont and Manchester, Evermont is a mixed-use development that will provide 180 units of affordable housing for seniors/families/youth, grocery and retail stores, a SEED school, a transit plaza, and a Metro training facility. 911 W. Manchester is a wonderful double lot development site located next to a very exciting large scale mixed-use project a long time in the works that will bring a lot of renewed energy and excitement to this area. Truly a rare new development opportunity!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-06T15:43:24.283. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.brandiprattrealestate.com/homes/128737468
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911 W Manchester Ave Los Angeles, CA 90044

  • Price: $3,000,000
  • Status: Active
  • On Site: 51 Days
  • Updated: 15 min ago
  • ID#: 22-157019
0
Beds
0
Baths
0
½ Baths
0.37
Acres
Neighborhood:
Metropolitan Southwest
County:
Los Angeles
Area:
Metropolitan Southwest
Property Description
Opportunity Knocks! We are pleased to exclusively offer for sale 911 W. Manchester Ave. Los Angeles, CA 90044, a 74-Unit Development (100% Affordable Housing) Covered Land Play Offering in an area prime for new development. Located near Sofi Stadium, this exciting 16,131 square foot double lot Development Opportunity is Tier 3 TOC , allowing 70% Density. Current tenant is Month-To-Month Paying $5,000 per month and the property is Zoned C2-2D-CPIO. Based on zoning, we estimate 38 Buildable Units with TOC and +/- 74 Buildable Units with 100% Affordable Housing. Priced at $40,540 Per Buildable Unit for the 100% affordable option, this is an extremely well-priced multi-family development opportunity. The location has become very popular for new development, as there are more than 10 Multi-Family/Mixed-Use Developments being built close by. Property currently generates $54,726 in Annual Gross Income, which can continue to be collected during the approval process. Located one parcel over from EvermontLA, the exciting new mixed use development that just broke ground last week after many years of planning. Located at the Northeast corner of Vermont and Manchester, Evermont is a mixed-use development that will provide 180 units of affordable housing for seniors/families/youth, grocery and retail stores, a SEED school, a transit plaza, and a Metro training facility. 911 W. Manchester is a wonderful double lot development site located next to a very exciting large scale mixed-use project a long time in the works that will bring a lot of renewed energy and excitement to this area. Truly a rare new development opportunity!
Exterior Features

Lot Size Area 16131 View Description CityCity Lights View YN Yes Water Frontage None

Property Features

Cable YN Yes Sale Type Standard Source Lot Size Area Estimated Zoning Lac2

Listing provided courtesy of Dana Brody DRE#01429001 of Dana Brody.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-06T15:43:24.283. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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eXp Realty of California, Inc.
2603 Camino Ramon, Suite 200
San Ramon CA, 94583