Active Under Contract
7701 W Manchester Avenue
Playa del Rey CA, 90293
$3,275,000
$481.55 per sqft
Active Under Contract
6,801 sqft
Multi-family
Built in 1959
Listed by Woody Stahl with Lyon Stahl Investment Real Est 310-425-9838
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.
PW24088042
MLSⓇ ID
May 2, 2024
Listed
May 9, 2024
Updated
Map
7701 W Manchester Avenue
Playa del Rey CA, 90293
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
Yes
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
No
Heating Description
None
Exterior/Building Features
Lot Size
0.2 Acres
Lot Features
6-10 Units/Acre
Sewer
Public Sewer
Other Property Details
Area Name
C31 - Playa Del Rey
Days on Market
6
Garage
Yes
Garage Spaces
5
Parking
Garage
Parking Total
9
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LAR3
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
---|---|---|
5/9/2024 | Under Contract | — |
Listing Contact: 310-425-9838
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/9/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 5/9/2024 at 4:09 AM UTC