1704 W Manchester Ave
Multifamily | 178 Units
Marketing description
Lyon Stahl Investment Real Estate is proud to exclusively present 1704 W. Manchester Avenue, a ±19,936 SF two-story medical office building situated on a prominent ±0.83-acre corner parcel in South Los Angeles. Strategically positioned at the signalized intersection of Manchester Avenue and Harvard Boulevard, the property benefits from visibility to over 76,800 vehicles per day and direct proximity to major demand drivers including LAX, Downtown Los Angeles, SoFi Stadium, and the Intuit Dome.
Currently improved as a multi-tenant medical office with abundant on-site parking (70 spaces), the property generates stable in-place income while offering investors maximum flexibility for repositioning or redevelopment. The site is shadow-anchored by Ralphs Grocery (a Kroger subsidiary), ensuring strong consumer traffic, and is surrounded by transformative investment, including the Evermont mixed-use campus one block east and Inglewood’s $5 billion Hollywood Park/SoFi Stadium district to the west.
Zoned C2-2D-CPIO (South Los Angeles CPIO) and located within a TOC Tier 3 area, the property unlocks multiple pathways for value creation. By-right zoning supports ±178 units, expandable to ±267+ units through the State Density Bonus program, with additional incentives available under Los Angeles’ new Citywide Housing Incentive Program (CHIP/AHIP). Affordable developers benefit from ED1 ministerial approvals, streamlining entitlements and shortening development timelines.
This rare combination of short-term cash flow, premier corner location, and long-term redevelopment certainty positions 1704 W. Manchester Avenue as one of the most compelling covered-land opportunities in South Los Angeles.
Investment highlights
Covered Land Play with Income
±19,936 SF two-story medical office building on a ±35,732 SF corner parcel
100% leased, generating $659,657 gross annual income and $454,356 NOI (68.9% margin)
1704 W Manchester Ave - OM - FI…
Redevelopment Potential
Zoned C2-2D-CPIO | TOC Tier 3 within Vermont/Manchester Redevelopment Plan
By-right: ±178 units | With State Density Bonus: ±267 units | CHIP/AHIP: 300+ units possible
ED1 & SB 35/423 streamline approvals for affordable housing
Prime Los Angeles Location
Signalized hard corner at Manchester Ave & Harvard Blvd (76,800+ VPD)
Shadow-anchored by Ralphs Grocery (Kroger) with strong daily traffic
Catalyst-Rich Submarket
One block from Evermont mixed-use development
Minutes from SoFi Stadium, Intuit Dome, LAX, Downtown Los Angeles, and Port of LA
Flexible Future Uses
Medical/professional office repositioning, mixed-use, or large-scale residential redevelopment
Short-term leases allow maximum execution flexibility for owner-users, investors, or developers
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