2124 W Manchester AVE new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90047
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $600
MLS Listing ID 25561297
Bedrooms 7
Construction Status Repairs Cosmetic,Updated/Remodeled
HOA Y/N No
Year Built 1953
Lot Size 6,324 Sqft
Property Description
Here is your chance to get into your first commercial investment property! (We can locate a commercial lender for you if needed!) A prime redevelopment property for sale, located a short drive from SoFI Stadium. The subject property has preliminary plans for an 18 unit apartment complex. However, research shows the building/lot can be switched to a 42 unit EB1 low income apartment project. There are currently tenants in place bringing in approximately $4300/month in rents and professionally managed. Ideal for a newer or experienced investors to generate income while working through planning and permitting with the city of Los Angeles! Or buy and renovate for your own office/retail use. The property is zoned C2 with a variety of options/uses. Please verify all zoning, permits, and allowed usages for your future plans. Great investment in a rapidly gentrifying neighborhood with brand new homes, restaurants and retail in the surrounding neighborhoods. The owner is related to the agent, and they may be willing to carry the current loan balance and let buyer take over payments. The property will be sold AS IS
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LAC2
Interior
Interior Features Ceiling Fan(s)
Heating Central
Fireplace No
Appliance Oven,Refrigerator,Dryer,Washer
Exterior
Parking Features Carport
Total Parking Spaces 5
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Repairs Cosmetic,Updated/Remodeled
Others
Senior Community No
Tax ID 6036001018
Security Features Security Gate,Smoke Detector(s),Window Bars
Financing Assumed,Cash,Contract,Private
Special Listing Condition Standard