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    2541 Manchester Blvd Inglewood, CA 90305
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    Property profile & analytics

    2541 Manchester Blvd, Inglewood, CA 90305

    View on Map
    • Outlet malls
    • 14,930 SF
    • 0.35 lot acres
    Off-Market
    Last Sale May 24, 2021
    $3,600,036
    Property ID
    US09-6749820
    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
    $3,830,000
    Show details
    Cap Rate Potential
    8.9%
    Outlet malls
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for 2541 Manchester Blvd

    Year built
    1940
    Construction
    TILT-UP CONCRETE
    Lot size
    0.35 lot acres
    Zone code
    INC2*
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    4010-034-013
    APU
    4010034013

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 5, 2024 — Clarence E Mcclendon Ministries Ful — Deed · related $50k · Legacy Bank
    Apr 13, 2022 — Clarence E Mcclendon Ministries Ful — Deed · related $2M · United States Small Business Admin
    May 24, 2021 $3,600,000 Clarence E Mcclendon Ministries Ful Maxvi 1 LLC Grant Deed $1.8M · Foreclosure Specialists INC
    May 24, 2021 — Clarence E Mcclendon Ministries Ful — Deed · related $400k · Maxvi 1 LLC
    Jul 26, 2018 $3,262,376 Maxvi 1 LLC Mortgage Lender Svcs INC|saint Paul Baptist Ch Of Trustees Deed · related —
    Jun 8, 2017 — Saint Paul Baptist Ch Of Los Ange — Trustees Deed · related $510k · Orbis Lending Fund IV LP
    Aug 16, 2016 — Saint Paul Baptist Church Of — Trustees Deed · related $2.3M · Allrise Orbis Maximus Core Lending Fund Allrise Orbis Maximus Core Lending Fund
    Nov 9, 2015 — Saint Paul Baptist Church Of La Saint Paul Baptist Church Of La Quit Claim Deed · related —
    Aug 27, 2013 $500,000 Saint Paul Baptist Church Century Affordable Dev INC Grant Deed —
    Jan 31, 2008 — The Calvary Christian Fellowship Co 2541 West Manchester Boulevard LLC Grant Deed $925k · Century Housing Corp
    Apr 21, 2006 — 2541 West Manchester Boulevard Compassionate Heart Ministries Quit Claim Deed · related —
    Apr 21, 2006 $1,200,000 2541 West Manchester Boulevard Isaacs,alvin L Grant Deed —
    Jun 8, 2005 — Alvin L Isaacs Isaacs,demetrice Quit Claim Deed $780k · Wilchfort Family Trust
    Sep 16, 2003 — Alvin L Lisaacs Calvary Mennoite Church Grant Deed · related —
    Oct 15, 2001 — Calvary Mennonite Church Of Sdh Properties LLC Grant Deed · related —
    Aug 4, 1999 — Sdh Properties LLC — Deed Of Trust · related —
    Jun 10, 1999 — Charles Perez — Deed Of Trust · related —
    Mar 26, 1999 — Walnut Properties INC — Deed Of Trust · related —
    Nov 21, 1997 — Tate Trust — Deed Of Trust · related $14.6M · Individual
    Aug 22, 1995 — Tate George Decd Est Of — Deed Of Trust · related —
    Oct 23, 1992 — George Tate — Deed Of Trust · related —
    — — Calvary Mennonite Church Of In — Deed Of Trust · related $238k · Hkc Investment INC
    — — Tate,trust — Deed Of Trust · related $653k · Queen City Bank
    — — Tate Trust — Deed Of Trust · related $258k · Gold Coast Financial Pst
    — — Saint Paul Baptist Church Of Los — Deed Of Trust · related $1.5M · Allstar Fin'l Svcs
    — — Saint Paul Baptist Church Of Los — Deed Of Trust · related $550k · Setty Erez E 1996 Trust (rt)
    — — Saint Paul Baptist Church Of Los — Deed Of Trust · related $200k · Setty Erez E 1996 Trust (rt)

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,250,000
      ML approach
      $4,000,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,697,000
      Market price range: $1.37M - $3.70M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,310,000
      Current use
      OFFICE BUILDING
      $5,015,000
      Change: -6% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $4,590,000
      Change: -14% Conversion: Difficult
      WAREHOUSE, STORAGE
      $4,385,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Inglewood
    County
    Los Angeles
    State
    California
    Longitude
    -118.322
    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
    $51,414
    $3,183,624
    $636,724
    $3,820,348
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,015,000
      5,058 SF

      3018 Manchester Blvd

      MINI-MALL
      3018 Manchester Blvd, Inglewood, CA 90305-2339
      View Details
    • Value Estimation
      $3,295,000
      8,888 SF

      2323 Manchester Blvd

      MINI-MALL
      2323 Manchester Blvd, Inglewood, CA 90305-2500
      View Details
    • Value Estimation
      $2,120,000
      6,100 SF

      8409 8th Ave

      MINI-MALL
      8409 8th Ave, Inglewood, CA 90305-1340
      View Details
    • 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 by Request
      6,665 SF

      8613 Van Ness Ave

      PARKING LOT
      8613 Van Ness Ave, Inglewood, CA 90305
      View Details
    • Value Estimation
      $530,000
      0.39 Acres

      9830 Crenshaw Blvd

      SERVICE STATION (FULL SERVICE)
      9830 Crenshaw Blvd, Inglewood, CA 90305-3111
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,755 SF

      Inglewood Church Facility For Sale

      Well-maintained church facility suitable for various commercial uses.
      8471 S Van Ness Ave, Inglewood, CA 90305
      View Details
    • $900,000
      3,900 SF

      Inglewood Commercial Retail Opportunity

      Commercial retail and mixed-use space near SoFi Stadium.
      8519 Crenshaw Blvd, Inglewood, CA 90305
      View Details
    • $900,000

      Retail Space Near Event Venues

      Commercial retail and mixed-use space near Sofi Stadium.
      8521 Crenshaw Blvd, Inglewood, CA 90305
      View Details
    • $449,000
      Pending

      Inglewood Commercial Space Opportunity

      Versatile 1,449 SF space in high-growth Inglewood area.
      8440 Crenshaw Blvd, Inglewood, CA 90305
      View Details
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    Inglewood, CA 90305
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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.

    More about this property
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