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Listed by Maeve Becker • Keller Williams South Bay
$ 850,000
Est. payment /mo
Price Dropped by $120K
2614 West Manchester Boulevard Inglewood, CA 90305
2,650 SqFt
UPDATED:
12/21/2024 11:02 PM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,650 sqft
Price per Sqft $320
MLS Listing ID SB-24148750
Year Built 1938
Lot Size 4,200 Sqft
Property Description
$120,000 Price Reduction! Motivated Seller - Act Fast! 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
Zoning INC2YY
Interior
Interior Features Balcony, Furnished
Cooling Wall/Window Unit(s)
Flooring Tile, Vinyl
Fireplaces Type None
Laundry None
Exterior
Parking Features Garage - Single Door, Garage Faces Rear, Street, Assigned
Garage Spaces 1.0
Pool None
Community Features Sidewalks, Urban
Utilities Available Sewer Connected, Water Connected, Cable Available, Electricity Connected
View Y/N Yes
Building
Lot Description Near Public Transit, Back Yard
Sewer Public Sewer