Morningside Medical Building 1704 W Manchester Ave 19,936 SF Office Building Los Angeles, CA 90047 $9,700,000 ($486.56/SF) 4.68% Cap Rate

Lyon Stahl Investment Real Estate is proud to present the exclusive offering of 1704 W. Manchester Avenue, a ±19,936 square foot, two-story medical office building located on a prominent ±35,732 square foot corner parcel in South Los Angeles. Positioned at the signalized intersection of Manchester Avenue and Harvard Boulevard, the property commands exposure to more than 76,800 vehicles per day and enjoys exceptional visibility along a major east–west commercial corridor.
Currently configured for medical office use with multiple exam rooms, waiting areas, and generous on-site parking, the property serves as a stable income producing investment while simultaneously representing a rare covered-land play. The site is directly shadow-anchored by a national grocery tenant, Ralphs, a subsidiary of Kroger, ensuring strong daily consumer traffic and long-term demand drivers. Surrounded by significant public and private investment— including the Evermont mixed-use development one block east and the multibillion-dollar Hollywood Park/SoFi Stadium and Intuit Dome entertainment districts to the west—the location sits at the heart of a corridor undergoing rapid transformation.
Zoned C2-2D-CPIO (South Los Angeles CPIO) and within the Vermont/Manchester Redevelopment Plan area, the property provides buyers with multiple pathways to value creation. As-is, it can continue to operate as a flagship medical facility or be repositioned for professional, education, or community-serving uses. Longer term, the zoning supports multifamily and mixed-use redevelopment under today’s favorable entitlement environment. By right density allows for approximately 178 units, expandable to ±267 units or more under the State Density Bonus Law, with further incentives available through the Citywide Housing Incentive Program (CHIP) or the Affordable Housing Incentive Program (AHIP). 100% affordable projects can qualify for ED1 ministerial approvals, streamlining entitlements and exempting projects from Site Plan Review. Together, these pathways create a compelling foundation for either market-rate or affordable housing development.
This combination of strong in-place income, redevelopment certainty, and a prime South Los Angeles location makes 1704 W. Manchester Avenue a unique opportunity for owner-users, value-add investors, and institutional developers alike.