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7812-7822 W Manchester Ave

Playa Del Rey, CA 90293
  • $5,136,000
  • STATUS: Active
  • ON SITE: 40 Days
  • MLS #: 22-146053
UPDATED: 49 min ago
$5,136,000
  • 16
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,522
    SQFT
  • $539
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Description

Prime Playa del Rey location, 10 min drive to Pacific Ocean. Significant upside: 29% upside in rents & 43% upside in net operating income. Excellent mix of studios, 1, 2, & 3 bedroom units. Two 6-unit properties are sold together. 13.7 x gross & 4.9% cap with rents at market. Seller will consider selling the properties individually. 7812 at $2,850,000 and 7822 at $2,650,000.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-24T06:44:22.227. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/127662034
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7812-7822 W Manchester Ave Playa Del Rey, CA 90293

  • Price: $5,136,000
  • Status: Active
  • On Site: 40 Days
  • Updated: 49 min ago
  • MLS #: 22-146053
16
Beds
0
Baths
0
½ Baths
0.14
Acres
9,522
SQFT
$539
$/SQFT
1959
Built
Neighborhood:
Playa Del Rey
County:
Los Angeles
Area:
Playa Del Rey
Property Description
Prime Playa del Rey location, 10 min drive to Pacific Ocean. Significant upside: 29% upside in rents & 43% upside in net operating income. Excellent mix of studios, 1, 2, & 3 bedroom units. Two 6-unit properties are sold together. 13.7 x gross & 4.9% cap with rents at market. Seller will consider selling the properties individually. 7812 at $2,850,000 and 7822 at $2,650,000.
Exterior Features

Lot Size Area 12500 Other Structures None Parking Garage GarageCarport Total Parking 12

Interior Features

Baths Total 14.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 1748748 Gross Income 287952 Gross Operating Income 287952 Like Units1 2 Like Units2 5 Like Units3 3 Like Units4 1 Like Units5 1 Net Operating Income 176748.00 Number Of Buildings 2 Number Of Units 12 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Total Annual Expense 111204 Type Of Units S12 & 3 Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Hamid Soroudi DRE#00708618 of Keller Williams Beverly Hills.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-24T06:44:22.227. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270