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    2429 Manchester Blvd Inglewood, CA 90305-2517
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    Property profile & analytics

    2429 Manchester Blvd, Inglewood, CA 90305-2517

    View on Map
    • Retail space
    • 4,000 SF
    • 0.11 lot acres
    Off-Market
    Last Sale Sep 19, 2022
    Property ID
    US09-6437042
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tile City / General Contractor / Renovation Specialist

    Property Details for 2429 Manchester Blvd

    Year built
    1949
    Construction
    TILT-UP CONCRETE
    Lot size
    0.11 lot acres
    Zone code
    INC2YY
    Property type
    Retail space
    APN
    4010-034-005
    APU
    4010034005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 19, 2022 — Ruben Pulido Ruben Pulido Intrafamily Transfer · related —
    Jun 29, 2022 — Ruben Pulido Ruben Pulido Intrafamily Transfer · related —
    Apr 29, 2002 — R Garcia Barrios,w & R Grant Deed · related —
    May 25, 2001 — Wilfredo Barrios Wells Fargo Home Mortgage INC Grant Deed · related —
    Sep 27, 2000 $153,400 Wells Fargo Bank Sidtron INC Trustees Deed · related —
    Apr 3, 1991 $128,090 Sidtron INC Denkins Frank Trustees Deed · related —
    — — Rolando Garcia — Deed Of Trust · related $101k · Metwest Mortgage Services INC
    — — Sidtron INC — Deed Of Trust · related $186k · Wells Fargo Bank

    Description

    This exceptional 1,500 square foot creative office space is located at 2429 W. Manchester Blvd, Inglewood, CA 90305. Situated in a Class B building constructed in 1949, this unit is part of a multi-tenant property totaling 4,000 square feet and offers a unique blend of retail and office functionality. The space boasts pristine tile flooring and a striking 20-foot barrel vaulted ceiling, creating a spacious and inspiring work environment. A private bathroom and a small second-floor office add to the convenience and functionality. The property is ideally situated on Manchester Boulevard, west of Van Ness Avenue, in a densely populated residential area. Its prime location offers excellent visibility and accessibility. Benefit from proximity to major attractions such as the Forum, SoFi Stadium, and YouTube Theater, along with convenient access to the 405, 110, and 105 freeways. This is a rare opportunity to secure a well-appointed space in a thriving Inglewood location within Los Angeles County. The minimum divisible space is 1,500 square feet, with a maximum contiguous space also of 1,500 square feet. The building comprises two suites in total. This property is classified as Retail, Office, and Industrial, with a Creative Office subtype.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Inglewood
    County
    Los Angeles
    State
    California
    Longitude
    -118.321
    Latitude
    33.9603
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,507
    $170,381
    $85,186
    $255,567
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,015,000
      3,193 SF

      8503 Crenshaw Blvd

      RETAIL STORES (PERSONAL SERVICES)
      8503 Crenshaw Blvd, Inglewood, CA 90305-1915
      View Details
    • Value Estimation
      $865,000
      3,900 SF

      8519 Crenshaw Blvd

      RETAIL STORES (PERSONAL SERVICES)
      8519 Crenshaw Blvd, Inglewood, CA 90305-1915
      View Details
    • Value Estimation
      $725,000
      2,500 SF

      2509 Manchester Blvd

      RETAIL STORES (PERSONAL SERVICES)
      2509 Manchester Blvd, Inglewood, CA 90305-2519
      View Details
    • Value Estimation
      $815,000
      4,000 SF

      2613 Manchester Blvd

      RETAIL STORES (PERSONAL SERVICES)
      2613 Manchester Blvd, Inglewood, CA 90305-2433
      View Details
    • Value Estimation by Request
      1,264 SF

      2934 Manchester Blvd

      RETAIL STORES (PERSONAL SERVICES)
      2934 Manchester Blvd, Inglewood, CA 90305-2439
      View Details
    • Value Estimation
      $570,000
      1,575 SF

      9305 Van Ness Ave

      RETAIL STORES (PERSONAL SERVICES)
      9305 Van Ness Ave, Inglewood, CA 90305-3039
      View Details

    Similar Nearby for Sale

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      Inglewood Commercial Retail Opportunity

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    • $900,000

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    • Contact for pricing
      1,755 SF

      Inglewood Church Facility For Sale

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    Inglewood, CA 90305-2517
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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