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Playa del Rey, CA 90293 7701 W Manchester Avenue

$3,275,000

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Presented By: Woody Stahl with Lyon Stahl Investment Real Est; woody@lyonstahl.com
  • MLS# PW24088042
  • 05/02/2024
  • Request Tour
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  • BedBeds • 13
  • BathBaths • 12
  • FootageSQFT • 6,801
  • GarageGarage • 5

Home Details

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.
Presented By: Woody Stahl with Lyon Stahl Investment Real Est; woody@lyonstahl.com

Interior Features for 7701 W Manchester Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 7701 W Manchester Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityPlaya del Rey
Community FeaturesBiking
CoolingNone
CountyLos Angeles
Days on Market6
Directions1 parcel W of W Manchester Ave and Berger Ave
Entry Location1
Expected Active Date 2024-05-02
Garage Spaces5.0
Garage Y/NYes
Gross Income244648.0
HOA / Comm AssnNo
HeatingNone
Home Warranty Y/NNo
Insurance Expense7693.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsConventional
Lot Size Square Feet8503.0
MLS AreaC31 - Playa Del Rey
MaintenanceExpense12232.0
MobileHomeRemainsYNNo
Net Operating Income154176.0
New ConstructionNo
Open Parking Spaces4.0
Operating Expense83133.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Street NameManchester
Tax Lot8
Taxes$40,718
Total Units10
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1959
Year Built SourceAssessor
ZoningLAR3

Exterior for 7701 W Manchester Avenue

Building Area Total6801.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem610UnitsAcre
Lot Size Acres0.1952
Lot Size Area8503.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters10
Number of Separate Gas Meters10
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesGarage
SpaNo
Total Parking9.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $3,275,000
MLS#PW24088042
List Date 05/02/2024
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors