7832 W Manchester Ave - Apartments FOR SALE


Playa Del Rey, CA 90293
$2,025,000 USD
707-225-2402
7832 W Manchester Ave, Playa Del Rey, CA for Sale
$2,025,000 USD
Apartments - FOR SALE
1/11
null | 5.02% Cap Rate

7832 W Manchester Ave
Playa Del Rey, CA 90293


HIGHLIGHTS

  • Rarely Traded Playa Del Rey
  • First Time on the Market Since 1965
  • Less Than 1 Mile from the Beach
  • Value-Add Opportunity/30% + Upside

OVERVIEW

We are pleased to present our newest exclusive listing in Playa Del Rey – A submarket of Los Angeles that almost never trades hands. The property is being sold for the first time since 1965 and is less than 1 mi from the ocean. The property is comprised of four 1 bedroom/1 bathroom units, a 2 bedroom/1 bathroom unit, and a 2 bedroom/2 bathroom unit. The property has a total of 6 parking spots in the rear of the property. The property has been very well taken care of throughout the current ownership and has an estimated 30%+ upside in rents. A new owner can modernize both interior and exterior and command top market rents as this neighborhood attracts young professionals, high income earners, and beach lovers. For more information, please reach out to the listing agent Jonathan Weir.

FOR SALE DETAILS

PRICE

$2,025,000 USD

PRICE/SF

$430 USD /SF

# OF UNITS

6

PRICE/UNIT

$337,500

CAP RATE

5.02%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

4118-001-007

ASK ABOUT THIS PROPERTY

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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