2614 W Manchester BLVD Inglewood, CA 90305
4,199 Sqft Lot
UPDATED:
12/21/2024 09:57 PM
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24148750
HOA Y/N No
Year Built 1938
Lot Size 4,199 Sqft
Lot Dimensions Assessor
Property Description
Attention savvy investors and business visionaries: this mixed-use property in the heart of Inglewood just became an even more attractive opportunity! With a dramatic price adjustment from $970,000 to $850,000, the seller is motivated to close quickly, making this the perfect time to act. The new price reflects both the property's need for updates and current market realities, including rising borrowing costs and landlord expenses. Don't miss your chance to acquire this unique gem at an unbeatable value!
Back on the market and brimming with potential, this property combines a spacious commercial storefront and two fully furnished residential units in a vibrant and sought-after neighborhood. The front commercial space offers 1,060 square feet of opportunity, complete with storage and three bathrooms. Located on bustling Manchester Boulevard, it enjoys high visibility amidst popular businesses like Auto Zone, Winchell's Donuts, and Dollar Tree. Ideal for retail shops, tattoo parlors, cafes, or showrooms, the space features new vinyl flooring and a lockable partition but requires further updates to maximize its full potential as a thriving business hub.
At the rear of the property, a renovated 252-square-foot studio includes a kitchenette, a meeting or workroom, a closet, and a full bath, though residential use is not permitted. A fully furnished duplex, leased at full market rent, offers cozy interiors and private backyards, adding to the property's income potential. With some attention to the building's condition, including transforming the outdoor patio into a functional and inviting space, this property offers endless opportunities for creativity and profit.
Positioned in the heart of Inglewood's explosive growth, this property is just minutes from SoFi Stadium, Hollywood Park, Kia Forum, YouTube Theater, and the upcoming Clippers Stadium. The area's dynamic energy and unparalleled visibility make it an ideal investment for those ready to restore and reimagine the property's possibilities.
This is a rare chance to own a mixed-use property in one of Los Angeles's most exciting neighborhoods at an unbeatable price. Take advantage of the recent price reduction and schedule a private tour today. With the seller motivated and the market responding, this property won't last long! Some images have been virtually staged for illustrative purposes.
Location
State CA
County Los Angeles
Area 102 - South Inglewood
Zoning INC2YY
Interior
Interior Features Balcony, Furnished, Bedroom on Main Level, Galley Kitchen
Cooling Wall/Window Unit(s)
Flooring Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance Electric Cooktop, Freezer, Microwave, Refrigerator, Water Heater
Laundry None
Exterior
Parking Features Assigned, Door-Single, Garage, Garage Faces Rear, On Street
Garage Spaces 1.0
Garage Description 1.0
Fence Block, Good Condition, Security, Vinyl, Wrought Iron
Pool None
Community Features Sidewalks, Urban, Gated
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Total Parking Spaces 1
Private Pool No
Building
Lot Description Back Yard, Near Public Transit
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4026004003
Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s),Security Lights
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
