Signalized Corner Near SoFi Stadium
Classic 5th Ave Theater for Sale in the Heart of Inglewood
2541 West Manchester Boulevard is a unique and one of a kind property located in Inglewood, California. The surrounding area is a highly attractive location with a brand new SoFi Stadium worth $2.6B being built (1.9 miles away). This will be the future home of the Los Angeles Rams and Chargers as well as host Super Bowl LVI.
With the stadium opening summer of 2020 and a new light rail stop opening in downtown Inglewood, investing in this location is a rare opportunity. The area is rapidly developing with major sports events, concerts, award events, as well as the renovation and addition of a neighborhood that will contain shops, restaurants, a hotel, parks, an artificial lake, and 2,500 housing units. Now is the time to invest.
Additionally, the location offers great accessibility, positioned close to the 405, 110, and 105 freeways. It is in close proximity to LAX, downtown LA, major boulevards, and popular landmarks.
The 14,930 SF building sits on a 15,141 SF lot that was first constructed in 1940 The property is currently on a month to month lease with a church. Once vacated and after renovation, the building offers attractive upside potential. The asset offers the buyer a range of potential uses to attract a high paying tenant to drive stable cash flows and NOI. For many years it was used as a local community movie theater and ultimately was vacated and subsequently used as a religious auditorium and house of worship. There are no on-site parking spaces included in the sale, however, Manchester Boulevard and its cross street, 5th Avenue, feature plenty of available parking. This is a rare opportunity to turn around an asset located in a spectacular developing area.
Building Size: 14,930 SF
Lot Size: 15,147 SF (0.35 ACRES)
Number of Units:
Year Built: 1940
Located blocks away from the 405 freeway as well as in close proximity to LAX, downtown LA, a number of other freeways, major boulevards, and popular landmarks
Sign up to our newsletter and stay up to date