13

911 W MANCHESTER AVE LOS ANGELES, CA 90044

$3,000,000

Listed By Dana Brody, Dana Brody

0.37

Acres

LAC2

Zoning

Active

Status

MLS#

22-157019

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!

Details

Year Built
No Info
Parking
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Price / Sq Ft
No Info
HOA
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Cooling
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Heating
No Info
On Website
48 Days
Acres
0.37

Listing Office Dana Brody, 818-212-2757

MLS# 22-157019

Updated 6:19AM - 7/2/2022

Listing Agent Dana Brody, 818-212-2757

The multiple listings information is provided by The MLS/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2022 The MLS/CLAW. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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