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Commercial

911 W Manchester Ave

911 W Manchester Ave, Los Angeles, CA 90044

Listing Price: $3,000,000

Lot Size
0.37 acres
Price/Acre
$8,101,172
Land Type
Redevelopment

Investment Overview

911 W Manchester Avenue is a unique property comprised of 16,131 square feet of land zoned C2-2D-CPIO. The property is comprised of a 1,114 square feet auto repair building built in 1957. 911 W Manchester Avenue falls under Transit Oriented Communities (TOC) Tier 3, allowing for a 70% residential density bonus, 3.75 floor area ratio (FAR), 0.5 parking spaces per unit, and a 22 feet increase in building height. The property falls under the South Central Los Angeles Community Plan, which restricts the “By Right” residential density to R3 density (1 unit per 800 land square feet). With the utilization of TOC benefits and the inclusion of one half of the rear alley access, a developer may build up to 38 units on the site with a minimum of 4 units designated for extremely low income households. For a 100% affordable housing project, a developer may build up to 74 units. 911 W Manchester Avenue is situated on a double lot with excellent visibility and 100 feet of frontage along Manchester Avenue, one of South LA’s major east-west thoroughfares. The property sits just east of Vermont Avenue and just west of the 110 freeway, providing convenient access to Downtown The property is ideally located just 4 miles east of Sofi Stadium and Hollywood Park, a brand new $4.9B football stadium and home to the Los Angeles Chargers and Super Bowl LVI winning Los Angeles Rams. The multiphase mater plan project will also include 2,500 new housing units, 620,000 square feet of retail space, a 300 room hotel, and a revamped casino. The new Hollywood Park is set to become one of the most significant social hubs and economically impactful projects in Los Angeles history.

Investment Highlights

  • With approximately 100 feet of frontage along W Manchester Avenue, the property benefits from excellent access and visibility.
  • The property is comprised of a 1,114 square feet auto repair building built in 1957. The current lease is on a month-to-month basis.
  • 911 W Manchester Avenue is located in the Vermont Knolls neighborhood of South Los Angeles, just 4 miles east of the brand new Sofi Stadium and Hollywood Park, and just a half mile west of the 110 fwy

Exclusively Listed By

Financing By

Commercial

911 W Manchester Ave

Listing Price: $3,000,000

Lot Size
0.37 acres
Price/Acre
$8,101,172
Land Type
Redevelopment

Investment Highlights

  • With approximately 100 feet of frontage along W Manchester Avenue, the property benefits from excellent access and visibility.
  • The property is comprised of a 1,114 square feet auto repair building built in 1957. The current lease is on a month-to-month basis.
  • 911 W Manchester Avenue is located in the Vermont Knolls neighborhood of South Los Angeles, just 4 miles east of the brand new Sofi Stadium and Hollywood Park, and just a half mile west of the 110 fwy

Investment Overview

911 W Manchester Avenue is a unique property comprised of 16,131 square feet of land zoned C2-2D-CPIO. The property is comprised of a 1,114 square feet auto repair building built in 1957. 911 W Manchester Avenue falls under Transit Oriented Communities (TOC) Tier 3, allowing for a 70% residential density bonus, 3.75 floor area ratio (FAR), 0.5 parking spaces per unit, and a 22 feet increase in building height. The property falls under the South Central Los Angeles Community Plan, which restricts the “By Right” residential density to R3 density (1 unit per 800 land square feet). With the utilization of TOC benefits and the inclusion of one half of the rear alley access, a developer may build up to 38 units on the site with a minimum of 4 units designated for extremely low income households. For a 100% affordable housing project, a developer may build up to 74 units. 911 W Manchester Avenue is situated on a double lot with excellent visibility and 100 feet of frontage along Manchester Avenue, one of South LA’s major east-west thoroughfares. The property sits just east of Vermont Avenue and just west of the 110 freeway, providing convenient access to Downtown The property is ideally located just 4 miles east of Sofi Stadium and Hollywood Park, a brand new $4.9B football stadium and home to the Los Angeles Chargers and Super Bowl LVI winning Los Angeles Rams. The multiphase mater plan project will also include 2,500 new housing units, 620,000 square feet of retail space, a 300 room hotel, and a revamped casino. The new Hollywood Park is set to become one of the most significant social hubs and economically impactful projects in Los Angeles history.

Exclusively Listed By

Financing By

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