7701 W Manchester Avenue Playa del Rey, CA ^$ 3,275,000

7701 W Manchester Avenue

^$ 3,275,000

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7701 W Manchester Avenue

Playa del Rey, CA, 90293

^$ 3,275,000

Bedrooms13 Baths12.0 Sq 6,801

Monthly Estimate*

^$ 21,767

Listed by Lyon Stahl Investment Real Est

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Multi-Family Home for sale in Playa del Rey, CA

for $3,275,000 with 13 bedrooms and 12 full baths. This 6,801 square foot home was built in 1959 on a lot size of 0.1952.

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.

Multi-Family Pending

Price

^$ 3,275,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

MixedUse

Lot Size

0.1952

Year Built

1959

Town/City

Playa del Rey

County/Region

Los Angeles

MLS | Web ID

PW24088042

Days on Market

Features

General

Sewer PublicSewer

Heating None

Cooling None

Zoning LAR3

Garage Spaces 5.0

Pool Features None

Year Built 1959

Property SubType MixedUse

Gross Income 244648.0

Community Features Biking

County Los Angeles

Net Operating Income 154176.0

Operating Expense 83133.0

Insurance Expense 7693.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status Pending

Directions 1 parcel W of W Manchester Ave and Berger Ave

City Playa del Rey

Entry Location 1

View Y/N N

Senior Community Y/N N

Open Parking Spaces 4.0

NumberOfUnitsTotal 10

MLS Area C31 - Playa Del Rey

Lot Size Units SquareFeet

Lot Size Square Feet 8503.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Manchester

Listing Terms Conventional

Property Attached Y/N Y

Land Lease Y/N N

Home Warranty Y/N N

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 6

Building Area Units SquareFeet

Standard Status Pending

Year Built Source Assessor

Tax Lot 8

Property Sub Type Additional MixedUse

Expected Active Date 2024-05-02

Taxes 40718.0

Exterior

Parking Features Garage

Lot Features Item610UnitsAcre

Water Source Public

Total Parking 9.0

Lot Size Area 8503.0

Number of Buildings 1

Spa N

Building Area Total 6801.0

Street Suffix Avenue

Lot Size Acres 0.1952

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 10

Number of Separate Electric Meters 10

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Fireplace Features None

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 7701

* Excluded Features

List By

Lyon Stahl Investment Real Est

Broker

(310) 425-9838

Phone

Affordability Calculator

$21,767

Per Month

Monthly Principal & Interest: $21,767
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Playa del Rey, CA

Average List Price ^$3,339,269

Percent of Sale Price 2%

About Playa del Rey, CA

12,250 Population

18% Since 2002

^$90,396 Median Income

42.68 Median Age

12% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/2/2024	$3,275,000		Listed Price

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7701 W Manchester Avenue, Playa del Rey, CA, 90293 is a Multi-Family Home for sale at $3,275,000 with 6,801 sqft and a lot size of 0.1952. 7701 W Manchester Avenue has 13 bedrooms, 12.0 baths, and was built in 1959. The property's zip code is 90293 which is in Playa del Rey, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/10/2024. 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, 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.

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7701 W Manchester Avenue

Multi-Family Home for sale in Playa del Rey, CA

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