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7849 W Manchester Ave, Playa del Rey, CA 90293
$2,038,000
7849 W Manchester Ave, Playa del Rey, CA 90293View this property at 7849 W Manchester Ave, Playa del Rey, CA 90293
7849 W Manchester AvePlaya del ReyCA90293
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Property Description
Rare opportunity to acquire an income generating, five-unit apartment building in the heart of Playa del Rey. With its proximity to the beach, Loyola Marymount University, LAX and Silicon Beach, the Playa del Rey beach community demands premium rents. Pride of ownership care has been given to the building, two units were remodeled in 2021 and 2022, with new flooring, kitchen countertops, bathroom fixtures and fresh paint. The other three units were updated within the last 4-6 years. The units consist of three 1 bed/ 1 bath units, one 3 bed/ 2 bath unit and one 2 bed/1 bath unit. There are five parking spaces, located in the front driveway and along the side of the building. The garages are currently being used for storage by tenants, who pay an additional monthly storage fee. There is an on premise laundry room with coin operated machines. New wall heaters have been replaced in three of the units in the last two years and there have been plumbing updates with each renovation. Owners have completed the required soft-story retrofitting. This incredible investment opportunity is a stone's throw from Playa Vista, LMU, Otis, El Segundo and Marina del Rey. ** Income data is based on current rents and expenses.
Full Property Details
Full Property Details for 7849 W Manchester Ave
General
- Sold For: $2,038,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-302083
- Added to Site: 253 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 6
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: Community
Additional Information
- Security/Safety: Exterior Security Lights, Smoke Detector
- Other Features: None
Parking
- Garage Description: Driveway
Location
- Area: Playa Del Rey
- County: Los Angeles
- Cross Streets: Gulana to the West; Redlands to the East
- Driving Directions: Manchester Ave, between Gulana and Redlands
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Gas
Structural Information
- # Buildings: 1
- Common Walls: Attached
- Stories/Levels: 2
- Square Feet: 4,075
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1959
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 5
- Unit Type: 2106, 2107, 2108, 2109, 2110
Unit 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1435
- Lot Size: 6251
- Lot Size Source: Assessor
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $564.17
- Assessment Year: 1959
Disclosures and Reports
- Disclosures/Reports: Trust/Conservatorship, Rent Control
- APN: 4115-024-010
Listed by Matilla Realty Inc, Cory Jane Mishelevich-Birkett
Sold by Non-Participant Office, Subscriber Non
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Schools
Schools serving 7849 W Manchester Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
7751 Paseo Del Rey, Playa Del Rey, CA 90293 | K-5 | 0.2 mi | |
8401 Emerson Ave, Los Angeles, CA 90045 | K-5 | 1.7 mi | |
6550 W 80th St, Los Angeles, CA 90045 | 6-8 | 1.9 mi | |
7400 W Manchester Ave, Los Angeles, CA 90045 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7849 W Manchester Ave
Date
Details
Price
Change
Source
3/06/2024
Sold
$2,038,000
-11.35%
MLS
11/17/2023
Price Reduced
$2,299,000
-5.97%
MLS
10/18/2023
Price Reduced
$2,445,000
-1.81%
MLS
9/18/2023
Price Reduced
$2,490,000
-7.43%
MLS
8/21/2023
Listed
$2,690,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7849 W Manchester Ave, Playa del Rey, CA 90293 (MLS# 23-302083) is a Multi-Family property that was sold at $2,038,000 on March 06, 2024. Want to learn more about 7849 W Manchester Ave? Do you have questions about finding other Multi-Family real estate for sale in Playa del Rey? You can browse all Playa del Rey real estate or contact a Coldwell Banker agent to request more information.