315 West Manchester Boulevard

Inglewood, CA 90301

$1,200,000
Price
4
Beds
5
Baths
3,721 Sq. Ft.
$322 / Sq. Ft.
3,721
Sq. Ft.
$322
per Sq. Ft.

Description

Back on market! 315 w. Manchester Blvd is located directly on one of the main corridors between LAX and the Intuit Dome, future Clippers Arena, and the $5.5 Billion SoFi Stadium and Hollywood Park. The property consists of a well-appointed two-story office building and a two-story 4 bedroom 2 bath single family residence (square footage TBD) on a 9,210 SF lot zoned R4. The office building, of approx. 2,275 SF, has been occupied by a law firm for many years and can be delivered vacant. The house is...Back on market! 315 w. Manchester Blvd is located directly on one of the main corridors between LAX and the Intuit Dome, future Clippers Arena, and the $5.5 Billion SoFi Stadium and Hollywood Park. The property consists of a well-appointed two-story office building and a two-story 4 bedroom 2 bath single family residence (square footage TBD) on a 9,210 SF lot zoned R4. The office building, of approx. 2,275 SF, has been occupied by a law firm for many years and can be delivered vacant. The house is currently vacant as well. Due to the R4 zoning, the city will approve a change of use to residential for the front office building. Additionally, the two car garage may present the opportunity for an ADU. This is an ideal opportunity for an owner-user or investor to acquire a strategically located asset on the rapidly transforming Manchester Blvd thoroughfare in Inglewood. An owner-user who intends to occupy the office building can qualify for up to 90% SBA financing with still historically low 20-year fixed interest rates.
  1. Listed by Darin Spillman • DRE #01366902 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 315 West Manchester Boulevard

Zoning
INC2*
Parcel Number
4020008005
Total Units
2.0
Living Area
3721
Source Living Area
Assessor
Area
North Inglewood (101)
Vacancy Rate
100%
Lot Size Area
9162

Location

Listing Courtesy of Kidder Mathews of California, Inc., Darin Spillman, DRE #01366902
Add your commute
LISTING UPDATED: 04/09/2024 12:01 AM

Property Details for 315 West Manchester Boulevard

StatusActive
MLS #24-375025
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.21 AC / 9,162 SF
CountyLos Angeles County

Location

Listing Courtesy of Kidder Mathews of California, Inc., Darin Spillman, DRE #01366902
Add your commute

Building Information for 315 West Manchester Boulevard

Stories2Residences-Year Built1953Building Size-Lot Size0.21 AC / 9,162 SF

Payment Calculator

$7,282 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$733

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 315 West Manchester Boulevard

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Mixed
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $96,000
  • Net Operating Income: $71,000.00
  • Gross Income: $96,000
  • Cap Rate: 5.90%
  • Gross Rent Multiplier: $12.50
  • Total Annual Expense: 25000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2103
  • Lot Size Square Feet: 9162
  • Lot Size Dimensions: 45x200
  • Source Lot Size Dimensions: Assessor
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car, Driveway - Combination
  • Total Parking: 6
  • Open Other Spaces Total: 4
  • Garage Spaces Total: 2
  • Parking Features: Garage - Two Door, Driveway - Combination
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-01-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $4,000.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $4,000.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $362,028.00
  • Assessed Improvement Percent: 59.51
  • Assessed Land Value: $246,346.00
  • Assessed Land Percent: 40.49
  • Assessed Total Value: $608,374.00

Property History for 315 West Manchester Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 315 West Manchester Boulevard

Taxable ValueLand$251,272Additions$369,268Total$620,540
Tax Record2023$8,795 ($733 / month)
Home Facts
Total Finished SqFt3,721 SqFtAbove Grade Finished SqFt3,721 SqFtStories1Lot Size9,210 SqFtStyleOffice BuildingYear Built1953ZoningINC2*CountyLOS ANGELESAPN4020-008-005

Schools near 315 West Manchester Boulevard

This home is within Inglewood Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Hudnall (Claude) Elementary School
PublicK to 6

Crozier (George W.) Middle School
Public7 to 8

Inglewood High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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315 West Manchester Boulevard is a multi-family home for sale in Inglewood, CA 90301. This property was listed for sale on April 1, 2024 by Kidder Mathews of California, Inc., it's currently listed at $1,200,000. This listing's school district is Inglewood Unified School District. Nearby schools include Hudnall (Claude) Elementary School, Crozier (George W.) Middle School and Inglewood High School. 315 West Manchester Boulevard is a 4-bed, 5-bath, 3,721 sqft multi-family home built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews of California, Inc., Darin Spillman, DRE #01366902

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.