14-Unit Mixed-Use
New
For Sale
$3,900,000
302 E Manchester Boulevard, Inglewood, CA 90301
Individual electric meters serve every space, with separate gas meters in six units.
Property Size17,800 SF
Lot Size0.31 Acres
Price / SF$219.10
Days on Market5
Property Features for 302 E Manchester Boulevard
General Information
Standard status
Active
Size
17,800 SF
Lot size
0.31 Acres
Property subtype
Business
Zoning
HC
Site & Location
Corner Location
Yes
Utilities to Site
Yes
Building Details
Building Size
17,800 SF
Buildings
3
Tenancy
Multi
Listing Agency:
BELLANTE REALTY
Listed By:
BUZZ DAWSON · License #00525786
(310) 671-6187
Source:
Truthrealty
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 9 at 11:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BELLANTE REALTY
Investment Insights
Based on property information with market context.
Three connected buildings contain 14 retail and office spaces, including four offices on an upper floor. The property carries HC (Historic Core) zoning and occupies the southeast corner of Market Street and Manchester Boulevard, with an alley at the rear of the parcel.
The buildings date to 1933, 1946, and 1949. Eight units have forced-air heating and air conditioning. Electric service is separately metered for all units, while six also have individual gas meters. A circular third-story space, 22 feet in diameter, is used for storage and is excluded from the stated building area.
The buildings date to 1933, 1946, and 1949. Eight units have forced-air heating and air conditioning. Electric service is separately metered for all units, while six also have individual gas meters. A circular third-story space, 22 feet in diameter, is used for storage and is excluded from the stated building area.
Key Highlights
- Three connected buildings with 14 retail and office spaces
- HC (Historic Core) zoning
- Southeast corner of Market Street and Manchester Boulevard; parcel backs to an alley
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$307,050
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,141,000
$6.1M
Cap Rate 7%
$4,386,429
$4.4M
Cap Rate 9%
$3,411,667
$3.4M
Market Conditions
NOI Build-Up for 17,800 SF
Gross rent
$534.0K $30.00/SF
− Vacancy
−$42.7K −$2.40/SF
EGI
$491.3K $27.60/SF
− OpEx
−$184.2K −$10.35/SF
NOI
$307.1K $17.25/SF
Area
Inglewood, CA
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,141,000
Cap Rate 7%
$4,386,429
Cap Rate 9%
$3,411,667
Alternative Uses
Best Use
Retail
$6.43M
$5.62M – $7.50M
NOI $449,930 @ 7.0% cap · market cap 11.54%
Second Best
Mixed Use
$4.39M
$3.84M – $5.12M
NOI $307,050 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$7.26M
$6.35M – $8.47M
NOI $508,368 @ 7.0% cap · market cap 13.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,610
Businesses Nearby
246k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Dining 33%
Groceries 32%
VONS
Groceries
47,561 visits/mo
0.2 miles
Superior Grocers
Groceries
30,382 visits/mo
0.4 miles
dd's DISCOUNTS
Shops & Services
27,882 visits/mo
0.3 miles
McDonald's
Dining
26,560 visits/mo
0.1 miles
Sizzler
Dining
23,846 visits/mo
0.5 miles
Demographics for 90301, CA
36,270
Population
12,884
Households
2.8
Avg Household Size
37
Median Age
20%
College-Educated
73%
High-School Grad
2.5 sq mi
ZIP Area
14,508
Density / Sq Mi
$62,991
Median Household Income
$33,884
Median Earnings
$1,658
Median Rent
$698,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Individual electric meters serve every space, with separate gas meters in six units.
Where is this mixed-use property located?
The property is located at 302 E Manchester Boulevard Inglewood, CA.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Three connected buildings with 14 retail and office spaces; HC (Historic Core) zoning; Southeast corner of Market Street and Manchester Boulevard; parcel backs to an alley
