2505 W Manchester Boulevard new Save Request In-Person Tour Request Virtual Tour
Inglewood,CA 90305
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,999 sqft
Price per Sqft $212
MLS Listing ID CL25584161
Year Built 1940
Lot Size 5,005 Sqft
Property Sub-Type Other
Property Description
We are pleased to present this mixed-use property on the market for the first time in over 50 years. It is located in the City of Inglewood just east of Downtown and north of the Sports and Entertainment district. The property consists of 2 buildings on two separate parcels. 2501 is comprised of two commercial spaces on the ground floor consisting of approximately 500sf each. On the second floor is a large, one bedroom apartment containing approximately 855sf. That entire building is leased up but the rents are currently below market. 2505 consists of two commercial spaces. There is a beauty shop on the ground floor with a little over 1,000sf and a larger 1,127sf office above, which is currently unoccupied. The apartment is rented at $1,600 which is about 15% below market rate for the area. The commercial spaces are well below market offering significant upside to an investor. With the liberal rent control policies in Inglewood, a new investor would be able to capture the upside with some capital improvements and an aggressive marketing campaign.
Location
State CA
County Los Angeles
Zoning INC2
Interior
Heating Wall Furnace
Exterior
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Building
New Construction No