Playa Del Rey, CA 90293,7701 West Manchester Avenue
Playa Del Rey, CA 90293,7701 West Manchester Avenue
Playa Del Rey, CA 90293,7701 West Manchester Avenue
Listed by Woody Stahl • Lyon Stahl Investment Real Est
$3,200,000
Est. payment /mo
Est.Price: ?

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6,801 SqFt
SOLD DATE : 06/07/2024

Key Details

Sold Price $3,200,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 6,801 sqft

Price per Sqft $470

MLS Listing ID PW-24088042

Year Built 1959

Lot Size 8,503 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

Zoning LAR3

Interior

Heating None

Cooling None

Fireplaces Type None

Laundry Common Area

Exterior

Parking Features Garage

Garage Spaces 5.0

Pool None

Community Features Biking

Building

Lot Description 6-10 Units/Acre

Sewer Public Sewer

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Paul Ward

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Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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