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211 E Manchester Avenue

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211 E Manchester Avenue | Los Angeles, CA

$2,355,000

5,246 SQ.FT.

Villa Real Estate & Sperry Commercial are pleased to present this Co-Listing, for sale owner-user opportunity to acquire a highly visible automotive site located at the corner of 211 E. Manchester in the city of Los Angeles, CA. The property is for sale and not the business. The subject property improvements include a 5,246 square foot building situated on 12,018 square foot lot. The property benefits from excellent exposure along prime Manchester Ave with traffic counts of approximately 42,000(+) cars per day. The property is ideal for several uses including automotive related industry or potential retail/office conversion based on the C2 zoning. Rather than paying rent to a landlord an Owner/User can pay the property mortgage providing a more attractive after-tax return along with enjoying long term equity buildup in the investment. Additionally, now is an excellent time to lock in long term fixed rate financing at historically low interest rates to secure a long term fixed operating cost structure and provide for a hedge against anticipated rental rate increases. The Subject property located 2 intersections east of the 110 fwy, with average daily traffic count of anywhere between 245,000 Cars to 360,000 Cars(110 FWY) . Gentrifying location on Manchester Ave & Wall Street. Which is in between S. Main Street and San Pedro St….. Manchester’s average daily traffic count exceeds 42,000 vehicles.
Listing Provided by Natalia Prozorova, Villa Real Estate

Based on information from California Regional Multiple Listing Service, Inc. as of August 9, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.