$3,200,000
$3,275,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
7701 W Manchester AVE Playa Del Rey, CA 90293
8,502 Sqft Lot
Key Details
Sold Price $3,200,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW24088042
Sold Date 06/07/24
HOA Y/N No
Year Built 1959
Lot Size 8,502 Sqft
Property Description
7701 W Manchester Ave is a beautiful garden-style apartment building in Playa Del Rey. This two-story property features a strong unit mix, including (1) 3-bed/2-bath unit, (1) 2-Bed/2-Bath, (3) 2-bed/1-bath units, (2) 1-bed/1-bath units, and (3) studios. The property also includes a large courtyard that benefits from plenty of natural light with well-kept plants and a patio set-up. With strong in-place income, a buyer can capitalize on a 4.71% CAP Rate with potential for 35% upside on rents. Situated in a desirable area near PDR's retail and dining options, as well as Loyola Marymount University, this property offers a prime investment opportunity in a sought-after neighborhood.
Location
State CA
County Los Angeles
Area C31 - Playa Del Rey
Zoning LAR3
Interior
Heating None
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Garage
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Biking
Total Parking Spaces 9
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4114024008
Acceptable Financing Conventional
Listing Terms Conventional
Financing Seller Financing
Special Listing Condition Standard
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Bought with Joseph Stahl • Lyon Stahl Investment Real Estate, Inc.
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442