MidCenturyModern

2505 W Manchester Boulevard

Inglewood , CA 90305

MLS#: 25584161

$850,000

Status: Active
Listing number: 25584161
Listing provided by: McAlpin & Company
Listing agent phone: None
Last update: a month ago
On site: a month ago
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Property

Beds

1

Full Baths

None

1/2 Baths

None

Year Built

1940

Sq.Footage

3,999

We are pleased to present this mixed-use property on the market for the first time in over 50 years. It is located in the City of Inglewood just east of Downtown and north of the Sports and Entertainment district. The property consists of 2 buildings on two separate parcels. 2501 is comprised of two commercial spaces on the ground floor consisting of approximately 500sf each. On the second floor is a large, one bedroom apartment containing approximately 855sf. That entire building is leased up but the rents are currently below market. 2505 consists of two commercial spaces. There is a beauty shop on the ground floor with a little over 1,000sf and a larger 1,127sf office above, which is currently unoccupied. The apartment is rented at $1,600 which is about 15% below market rate for the area. The commercial spaces are well below market offering significant upside to an investor. With the liberal rent control policies in Inglewood, a new investor would be able to capture the upside with some capital improvements and an aggressive marketing campaign.

Features & Amenities

Interior

  • Total Bedrooms

    1

  • Bathrooms

    N/A

  • Heating YN

    YES

  • Heating

    Wall Furnace

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

  • View

    None

Area & Lot

  • Lot Size(acres)

    0.1149

  • Property Type

    Residential Income

  • Architectural Style

    MidCenturyModern

Price

  • Sales Price

    $850,000

  • Sq. Footage

    3, 999

  • Price/SqFt

    $212

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Jerome McAlpin , McAlpin & Company

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We are pleased to present this mixed-use property on the market for the first time in over 50 years. It is located in the City of Inglewood just east of Downtown and north of the Sports and Entertainment district. The property consists of 2 buildings on two separate parcels. 2501 is comprised of two commercial spaces on the ground floor consisting of approximately 500sf each. On the second floor is a large, one bedroom apartment containing approximately 855sf. That entire building is leased up but the rents are currently below market. 2505 consists of two commercial spaces. There is a beauty shop on the ground floor with a little over 1,000sf and a larger 1,127sf office above, which is currently unoccupied. The apartment is rented at $1,600 which is about 15% below market rate for the area. The commercial spaces are well below market offering significant upside to an investor. With the liberal rent control policies in Inglewood, a new investor would be able to capture the upside with some capital improvements and an aggressive marketing campaign.

2505 W Manchester Boulevard

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