Playa Del Rey, CA 90293,7701 W Manchester AVE
Playa Del Rey, CA 90293,7701 W Manchester AVE
Playa Del Rey, CA 90293,7701 W Manchester AVE
$3,200,000
Est. payment /mo
Est.Price: ?

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8,502 Sqft Lot
SOLD DATE : 06/07/2024

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

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

Laundry Common Area

Exterior

Parking Features Garage

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Biking

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Woody Stahl • Lyon Stahl Investment Real Est • broker@lyonstahl.com
Bought with Joseph Stahl • Lyon Stahl Investment Real Estate, Inc.

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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