805-208-5266
1704 W Manchester Ave, Los Angeles, CA for Sale
Medical - FOR SALE
1/9
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1704 W Manchester Ave
Los Angeles, CA 90047
South Central LA


HIGHLIGHTS

  • Rare covered-land play with short-term leases providing income + repositioning flexibility
  • By-Right zoning supports ±178 units; Density Bonus / CHIP / AHIP incentives allow 267–300+ units
  • Located within South LA CPIO & Vermont/Manchester Redevelopment Plan area
  • Shadow-anchored by Ralphs (subsidiary of Kroger) ensuring strong daily consumer traffic
  • Surrounded by major public/private investment: SoFi Stadium, Intuit Dome, Evermont project, Hollywood Park
  • Exceptional regional access: close to 110, 105 & 405 freeways, LAX, and Downtown LA

OVERVIEW

Lyon Stahl Investment Real Estate is proud to present the exclusive offering of 1704 W. Manchester Avenue, a ±19,936 square foot, two-story medical office building located on a prominent ±35,732 square foot corner parcel in South Los Angeles. Positioned at the signalized intersection of Manchester Avenue and Harvard Boulevard, the property commands exposure to more than 76,800 vehicles per day and enjoys exceptional visibility along a major east–west commercial corridor. Currently configured for medical office use with multiple exam rooms, waiting areas, and generous on-site parking, the property serves as a stable income producing investment while simultaneously representing a rare covered-land play. The site is directly shadow-anchored by a national grocery tenant, Ralphs, a subsidiary of Kroger, ensuring strong daily consumer traffic and long-term demand drivers. Surrounded by significant public and private investment— including the Evermont mixed-use development one block east and the multibillion-dollar Hollywood Park/SoFi Stadium and Intuit Dome entertainment districts to the west—the location sits at the heart of a corridor undergoing rapid transformation. Zoned C2-2D-CPIO (South Los Angeles CPIO) and within the Vermont/Manchester Redevelopment Plan area, the property provides buyers with multiple pathways to value creation. As-is, it can continue to operate as a flagship medical facility or be repositioned for professional, education, or community-serving uses. Longer term, the zoning supports multifamily and mixed-use redevelopment under today’s favorable entitlement environment. By right density allows for approximately 178 units, expandable to ±267 units or more under the State Density Bonus Law, with further incentives available through the Citywide Housing Incentive Program (CHIP) or the Affordable Housing Incentive Program (AHIP). 100% affordable projects can qualify for ED1 ministerial approvals, streamlining entitlements and exempting projects from Site Plan Review. Together, these pathways create a compelling foundation for either market-rate or affordable housing development. This combination of strong in-place income, redevelopment certainty, and a prime South Los Angeles location makes 1704 W. Manchester Avenue a unique opportunity for owner-users, value-add investors, and institutional developers alike.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Morningside Medical Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Residential, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

C2-2D-CPIO | TOC Tier 3

APN/PARCEL ID

6037-014-023

ASK ABOUT THIS PROPERTY

Kyle WoodsLyon Stahl Investment Real EstateMore Info
805-208-5266

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Kyle WoodsLyon Stahl Investment Real EstateMore Info
805-208-5266

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.