Playa Del Rey (los Angeles), CA 90293,7701 W Manchester Avenue

$3,200,000

Est. payment /mo

$3,275,000

2.3%
Est.Price: ?

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7701 W Manchester Avenue Playa Del Rey (los Angeles), CA 90293

6,801 SqFt

SOLD DATE : 06/07/2024

Key Details

Sold Price $3,200,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 6,801 sqft

Price per Sqft $470

MLS Listing ID CRPW24088042

Sold Date 06/07/24

HOA Y/N No

Year Built 1959

Lot Size 8,503 Sqft

Acres 0.2

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 Listing

Zoning LAR3

Interior

Heating None

Cooling None

Fireplace No

Laundry Other

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 4114024008

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Bridge MLS
Listed by Woody Stahl • Lyon Stahl Investment Real Est
Bought with JosephStahl
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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