Prime investment opportunity in the heart of South Central Los Angeles Area. This corner lot is a rare gem, situated on the bustling intersection of Normandie Ave and Manchester Ave, offering exceptional visibility and access. Ideal for investors and owner-users alike, this property presents a multitude of development and investment prospects in a thriving market. Positioned within the Vermont/Manchester Recovery Redevelopment Project and zoned as C2-1VL, the lot spans 22,252 square feet according to tax records and the actual size of 23326. Currently, the property is fully paved and fenced and hosts three tenants operating in the auto-related sector with month to month lease. The property holds potential for transformation into a gas station, drug store, fast-food restaurant, or neighborhood retail services hub. Property tours are limited to the exterior only, with tenants undisturbed. For interior viewings, please coordinate with the listing broker.
Property Details
Property Features
Listing Office:
Office Name: Peninsula Realty, Inc.
Office Phone: (310) 938-4989
Listing Agent: Ann Kim
Exterior Features
Exterior Information:
View: None
Lot Features
Lot Information:
Lot Size: 0.54 Acres
School Info
Assigned Schools Information:
George Washington Preparatory High School, Public Magnet Grades 9-12
Middle College High School, Public District Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Studio, Public District Grades 6-8
La Salle Avenue Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Point Fermin Elementary School, Public Magnet Grades KG-5
Other
Directions Information:
Directions: Corner of Normandie Ave and Manchester Ave
Price Information
Listing Price Info
Price Summary:
List Price: $3,500,000
Tax Information:
Annual Amount: $8,563
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.5M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SB24083803
Listing Office:
Office Name: Peninsula Realty, Inc.
Office Phone: (310) 938-4989
Listing Agent: Ann Kim
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/10/2024, 6:20:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Oct 13, 1998
Oct 13, 1998Home Sold
$415,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$8,563
$595,388
2020
$8,347
$589,284
2019
$7,813
$577,731
2018
$7,665
$566,404
2017
$7,665
$555,299
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
La Salle Avenue Elementary School
8715 La Salle Ave
Distance between this listing and this school0.39 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school9.00 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school16.97 miles
Public Magnet Grades KG-5
Middle School
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school10.64 miles
Public District Grades 6-8
High School
1
/10
George Washington Preparatory High School
10860 S Denker Ave
Distance between this listing and this school1.57 miles
Public Magnet Grades 9-12
9
/10
Middle College High School
1600 W Imperial Hwy Bldg 1
Distance between this listing and this school2.04 miles
Public District Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school7.37 miles
Public Magnet Grades 9-12
Assigned Schools
5
/10
La Salle Avenue Elementary School
8715 La Salle Ave
Distance between this listing and this school0.39 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school9.00 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school16.97 miles
Public Magnet Grades KG-5
Assigned Schools
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school10.64 miles
Public District Grades 6-8
Nearby Schools
2
/10
Teach Academy of Technologies
8477 S Normandie Ave
Distance between this listing and this school0.11 miles
Public Charter Grades 5-8
2
/10
Bret Harte Preparatory Middle School
9301 S Hoover St
Distance between this listing and this school0.89 miles
Public District Grades 6-8
Assigned Schools
1
/10
George Washington Preparatory High School
10860 S Denker Ave
Distance between this listing and this school1.57 miles
Public Magnet Grades 9-12
9
/10
Middle College High School
1600 W Imperial Hwy Bldg 1
Distance between this listing and this school2.04 miles
Public District Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school7.37 miles
The neighbors living near this home have an average income of $22,886. The most common annual income of people living in Los Angeles, CA is less than $35k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1338 W Manchester Ave
What is the listing price of this property?
The listing price of 1338 W Manchester Ave property is $3,500,000.
What type of property is this?
The property 1338 W Manchester Ave is land located in Los Angeles, California, 90044.
Is this property for sale now?
Active Listing: 1338 W Manchester Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1338 W Manchester Ave are: La Salle Avenue Elementary School: GreatSchools Rating 5/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Point Fermin Elementary School: GreatSchools Rating 6/10Studio: GreatSchools Rating 4/10George Washington Preparatory High School: GreatSchools Rating 1/10Middle College High School: GreatSchools Rating 9/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $8,563 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on October 13, 1998 for $415,000. (source: MLS/tax record).
How much acreage is this property?
The property 1338 W Manchester Ave is 0.54 acres.
Interested in 1338 W Manchester Ave? Let's connect.
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This home is located at 1338 W Manchester Ave in Los Angeles, CA and zip code 90044 in the South LA neighborhood. This home sits on a 0.54 acre lot. It has been listed on Rocket Homes since April 27, 2024 and is currently priced at $3,500,000.
In April 2024, from all listings sold in Los Angeles, CA there were more than 701 sold above asking price, over 629 sold below and more than 204 were sold right at the asked price. In April 2024 in Los Angeles, CA there were 14.9% more homes for sale than in March 2024. While the average time on the market in April 2024 was 34 days, the median list price was $986,427.
From Rocket Homes Real Estate and based on county public records data.