1338 W Manchester Avenue Los Angeles, CA ^$ 3,500,000

1338 W Manchester Avenue

^$ 3,500,000

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Recently Listed

1338 W Manchester Avenue

Los Angeles, CA, 90044

^$ 3,500,000

Studio Baths0.0 Sq 2,181

Monthly Estimate*

^$ 24,449

Listed by Peninsula Realty, Inc.

1338 W Manchester Avenue, Los Angeles, CA 90044 - Image 1

1338 W Manchester Avenue, Los Angeles, CA 90044 - Image 2

1338 W Manchester Avenue, Los Angeles, CA 90044 - Image 3

1338 W Manchester Avenue, Los Angeles, CA 90044 - Image 4

1338 W Manchester Avenue, Los Angeles, CA 90044 - Image 5

1338 W Manchester Avenue, Los Angeles, CA 90044 - Image 6

1338 W Manchester Avenue, Los Angeles, CA 90044 - Image 7

1338 W Manchester Avenue, Los Angeles, CA 90044 - Image 8

1338 W Manchester Avenue, Los Angeles, CA 90044 - Image 9

1338 W Manchester Avenue, Los Angeles, CA 90044 - Image 10

1338 W Manchester Avenue, Los Angeles, CA 90044 - Image 11

1338 W Manchester Avenue, Los Angeles, CA 90044 - Image 12

Studio

Commercial Property for sale in Los Angeles, CA

for $3,500,000. This 2,181 square foot building was built in 1941 on a lot size of 0.511.

Prime investment opportunity in the heart of South Central Los Angeles Area. This corner lot is a rare gem, situated on the bustling intersection of Normandie Ave and Manchester Ave, offering exceptional visibility and access. Ideal for investors and owner-users alike, this property presents a multitude of development and investment prospects in a thriving market. Positioned within the Vermont/Manchester Recovery Redevelopment Project and zoned as C2-1VL, the lot spans 22,252 square feet according to tax records and the actual size of 23326. Currently, the property is fully paved and fenced and hosts three tenants operating in the auto-related sector with month to month lease. The property holds potential for transformation into a gas station, drug store, fast-food restaurant, or neighborhood retail services hub. Property tours are limited to the exterior only, with tenants undisturbed. For interior viewings, please coordinate with the listing broker.

Commercial Active

Price

^$ 3,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

MixedUse

Lot Size

0.511

Year Built

1941

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SB24083768

Days on Market

Features

General

Zoning LAC2

Year Built 1941

Property SubType MixedUse

County Los Angeles

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Corner of Normandie Ave and Manchester Ave

City Los Angeles

View Y/N N

Senior Community Y/N N

Total Units 3

MLS Area C34 - Los Angeles Southwest

Lot Size Square Feet 22259.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 3

Street Name Manchester

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 0

Building Area Units SquareFeet

Standard Status Active

Occupancy Description Tenant

Property Sub Type Additional MixedUse

Exterior

Lot Features Item01UnitAcre

Water Source Public

Lot Size Area 22259.0

Number of Buildings 1

Spa N

Building Area Total 2181.0

Lot Size Acres 0.511

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1338

* Excluded Features

List By

Peninsula Realty, Inc.

Broker

(310) 525-4989

Phone

Affordability Calculator

$24,449

Per Month

Monthly Principal & Interest: $24,449
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,235,813

Percent of Sale Price 36%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/26/2024	$3,500,000		Listed Price

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1338 W Manchester Avenue, Los Angeles, CA, 90044 is a Commercial Property for sale at $3,500,000 with 2,181 sqft and a lot size of 0.511. 1338 W Manchester Avenue is a studio with 0.0 baths and was built in 1941. The property's zip code is 90044 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/8/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1338 W Manchester Avenue

Commercial Property for sale in Los Angeles, CA

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