Sold for $3,200,000

Listing Provided by:

Woody Stahl DRE #01399621 broker@lyonstahl.com,

Lyon Stahl Investment Real Est,

Brett Lyon DRE #01717818 310-706-4066,

Lyon Stahl Investment Real Estate, Inc.

Bought with: Lyon Stahl Investment Real Estate, Inc.

$3,200,000

7701 W Manchester Ave, Playa Del Rey, CA 90293

13beds

12baths

6,801sqft

Mixed Use

Built in 1959

-- sqft lot

$3,225,500 Zestimate^®

$471/sqft

$2,738 Estimated rent

Home value

$3,225,500

$2.87M - $3.61M

$2,738/mo

Zestimate^® history

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$2,738/mo

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$2,738/mo

Rent Zestimate^®

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$20,315/mo

Est. payment

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$20,315/mo

Est. payment

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What's special

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 13
Bathrooms: 12

Heating

None

Cooling

None

Appliances

Laundry: Common Area

Features

Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 6,801
Total interior livable area: 6,801 sqft

Property

Parking

Total spaces: 9
Parking features: Garage
Garage spaces: 5
Uncovered spaces: 4

Features

Entry location: 1
Pool features: None

Lot

Size: 8,503 sqft
Features: 6-10 Units/Acre

Details

Parcel number: 4114024008
Zoning: LAR3
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Mixed Use
Attached to another structure: Yes

Condition

New construction: No
Year built: 1959

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & neighborhood

Community

Community features: Biking

Location

Region: Playa Del Rey

Other

Other facts

Listing terms: Conventional

Price history

Date	Event	Price
6/7/2024	Sold	$3,200,000$471/sqft
Source: CRMLS #PW24088042 Report a problem
5/10/2023	Listing removed	--
Source: Zillow Rentals Report a problem
4/27/2023	Price change	$3,100-6.1%
Source: Zillow Rentals Report a problem
1/24/2023	Price change	$3,300-5%
Source: Zillow Rentals Report a problem
11/30/2022	Listed for rent	$3,475+58.3%$1/sqft
Source: Zillow Rental Manager Report a problem