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$1,180,000
Est. payment /mo
7 Beds
2,000 SqFt
Active
2124 W Manchester Avenue Los Angeles, CA 90047
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Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $590
MLS Listing ID CL25561297
Bedrooms 7
HOA Y/N No
Year Built 1953
Lot Size 6,325 Sqft
Acres 0.15
Property Sub-Type OTHER
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
Zoning LAC2
Interior
Heating Central
Fireplace No
Laundry Dryer, Washer
Exterior
Total Parking Spaces 5
Building
New Construction No
Others
Tax ID 6036001018
Virtual Tour https://www.zillow.com/view-imx/a33a1e77-fb11-493a-9257-4575fdd115de?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

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Listed by Mark Wong • Cal Mutual Inc
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289
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