$1,180,000

2124 W Manchester Avenue, Los Angeles, CA 90047

  • 7 beds
  • 2,000 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1953
  • Property Lot Size Icon6,534sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $590/sqft
  • Property List Date Icon Listed 4 months ago

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

Listing Status:
Active
Date Added:
July 6, 2025 at 05:00AM
Listing Office:
Cal Mutual Inc : 323-821-8323
Listing Agent:
Mark Wong : 714-204-2989
MLS ID:
CL25561297
  • Laundry: DryerWasher
  • Heating: Central
  • Parking: Other
  • County: Los Angeles
  • Zoning: LAC26036001018

This listing courtesy of Mark Wong, Cal Mutual Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

La Salle Avenue School

8715 La Salle Ave, Los Angeles, CA, 90047

Grades KG-5

0.64 miles away

H

Horace Mann UCLA Community School

7001 S St Andrews Pl, Los Angeles, CA, 90047

Grades 6-8

1.18 miles away

Y

Youth Opportunities Unlimited

915 W Manchester Ave, Los Angeles, CA, 90044

Grades 9-12

1.53 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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