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8219 W Manchester Ave

Playa Del Rey, CA 90293
  • $2,600,000
  • STATUS: Active
  • ON SITE: 20 Days
  • MLS #: 22-152383
UPDATED: 65 min ago
$2,600,000
  • 9
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,225
    SQFT
  • $615
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Description

8219 W Manchester Avenue is a two story 5-unit apartment building located in the heart of Playa del Rey steps from the Beach. Built in 1959, the building offers a great unit mix of 1-, 2-, and 3-bedroom with two (2) of the units being delivered vacant for immediate rental upside potential. The tenant are responsible for their own gas, electricity, and TRASH making this an easy building to manage with low operating expenses. The property features five (5) surface parking spaces in the back, a 2-car garage that is currently not being used, an on-site laundry facility leased by the landlord, hardwood floors, original bath tiles, new windows, and more. The unused garage space is the perfect candidate for a savvy investor to add an extra unit to this property by converting it into an Accessory Dwelling Unit (ADU). 8219 W Manchester Avenue represents a unique opportunity to acquire a pride of ownership property in a great beach town neighborhood of LA. With this rare buying opportunity, you can immediately renovate the two (2) vacant units, explore ADU conversations, and enjoy the healthy rental income that owning by the beach provides.

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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/128305046
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8219 W Manchester Ave Playa Del Rey, CA 90293

  • Price: $2,600,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 65 min ago
  • MLS #: 22-152383
9
Beds
0
Baths
0
½ Baths
0.13
Acres
4,225
SQFT
$615
$/SQFT
1959
Built
Neighborhood:
Playa Del Rey
County:
Los Angeles
Area:
Playa Del Rey
Property Description
8219 W Manchester Avenue is a two story 5-unit apartment building located in the heart of Playa del Rey steps from the Beach. Built in 1959, the building offers a great unit mix of 1-, 2-, and 3-bedroom with two (2) of the units being delivered vacant for immediate rental upside potential. The tenant are responsible for their own gas, electricity, and TRASH making this an easy building to manage with low operating expenses. The property features five (5) surface parking spaces in the back, a 2-car garage that is currently not being used, an on-site laundry facility leased by the landlord, hardwood floors, original bath tiles, new windows, and more. The unused garage space is the perfect candidate for a savvy investor to add an extra unit to this property by converting it into an Accessory Dwelling Unit (ADU). 8219 W Manchester Avenue represents a unique opportunity to acquire a pride of ownership property in a great beach town neighborhood of LA. With this rare buying opportunity, you can immediately renovate the two (2) vacant units, explore ADU conversations, and enjoy the healthy rental income that owning by the beach provides.
Exterior Features

Covered Parking 2 Lot Size Area 5768 Other Structures None Parking Garage Covered Parking Total Parking 7

Interior Features

Baths Total 6.00 Common Walls Attached Cooking Appliances Cooktop - GasOven Cooling None Equipment Other Heating Wall Laundry Community Laundry Equipment Lease

Property Features

Gross Income 158700 Gross Operating Income 154539 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Like Units5 5 Net Operating Income 105571.00 Number Of Buildings 1 Number Of Units 5 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 48968 Type Of Units Apartments Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Kamfar Kyle Mirrafati DRE#01911204 of Matthews Real Estate Investment Services.


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