Build up to 200± Units - 129 Unit Mixed Use Project Available - Near RTI

Highlights:

• 200+/- Units Possible On Site
• 129 Unit Mixed-Use Project Available - Near RTI
• Tremendous Visibility
• ED1 Eligible
• 16 Foot Alley
• Delivered Vacant - No need for Relocation
• Cell Tower with built-in income
• 240 feet of frontage on Manchester
• Short commute to Inglewood

Description:

PRICE REDUCED!

Partners CRE is proud to present for sale a redevelopment opportunity in the heart of South Los Angeles.

The Commercially Zoned property spans 240 feet of frontage on Manchester Ave., sitting in front of a 16 foot alley, and totals over 33k SF of land, three quarters of an acre! Sitting between Normandie Ave. & Vermont Ave., you are just a hop and a skip to the 110 Freeway.

A Developer can potentially build up to 200± units by utilizing ED1. However, to keep to a cost-effective development with only 3 stories, a 100-unit project is very doable with rewarding numbers. Taking into account the alley in back, a building partially or fully parked may be in the future.

The Seller has submitted a 129-Unit Mixed-Use Project to the City. The existing TOC Project can be delivered almost-RTI, with the only requirements pending being the Grading Bond (around $20k) and the Sewer Tie Fee (around $65k) - work estimated to take around 30 days. Plans are available upon request.

There is a leased Cell Tower in the back of the property that has about 12 years remaining on the lease, with built-in income.

The property is in a dense area with over 400K people in a 3-mile radius. The development site is a short commute to the City of Inglewood, which is home to Sofi Stadium, Kia Forum and Intuit Dome.

The property will be delivered vacant at the close of escrow – with only the Cell Tower lease.

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