7263 W Manchester Ave - Multi-Family FOR SALE


Los Angeles, CA 90045
$1,750,000 USD
310-710-3829
7263 W Manchester Ave, Los Angeles, CA for Sale
$1,750,000 USD
Multi-Family - FOR SALE
1/16
null | 5.18% Cap Rate

7263 W Manchester Ave
Los Angeles, CA 90045


HIGHLIGHTS

  • Well-Maintained 6-Unit in Prime Westchester
  • Strong Unit Mix: (2) 2-Bed/1-Bath, (1) 1-Bed/1-Bath, (3) Studio Units | (4) 1-Car Garages On-Site
  • Rare 5.18% CAP | 7.17% Market CAP | 27% Rental Upside | 9.68 Market GRM
  • 3,160 SF On a Large 5,250 SF Lot | $553/SF & $291K/Unit
  • CAPEX Includes: New Roof in November 2022 and Copper Plumbing Throughout
  • West of Lincoln Blvd, Great Proximity to Playa del Rey, Playa Vista, Retail and Restaurants, and Loyola Marymount University

OVERVIEW

7263 W Manchester Ave is a well-maintained 6-unit apartment building located in the highly desirable neighborhood of Westchester. This property features a strong unit mix, including (2) 2-bed/1-bath units, (1) 1-bed/1-bath unit, and (3) studio units, as well as (4) on-site 1-car garages, offering diverse options for tenants. Please do not disturb the tenants. The building is in excellent condition, with a new roof installed in November 2022 and copper plumbing throughout, ensuring long-term durability and reduced maintenance costs. The property comprises 3,160 SF on a large 5,250 SF lot, priced at $553/SF and $291K/unit, making it an exceptional investment at an attractive price point. Current operations deliver a solid 5.18% CAP rate, with the potential for a 27% rental upside, achieving a projected 7.17% market CAP and a 9.68 market GRM. Situated near Playa del Rey’s retail and dining options, the beach, and Loyola Marymount University, this property benefits from proximity to key amenities and strong demand for student housing. With its prime location and value-add potential, this is a rare investment opportunity in a sought-after Westchester neighborhood.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$554 USD /SF

# OF UNITS

6

PRICE/UNIT

$291,667

CAP RATE

5.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5.18% CAP For Sale in Westchester

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,271 SF

ZONING

LAR3

APN/PARCEL ID

4114-034-007

ASK ABOUT THIS PROPERTY

Woody StahlLyon Stahl Investment Real Estate, Inc.More Info
310-710-3829

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Woody StahlLyon Stahl Investment Real Estate, Inc.More Info
310-710-3829

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.