7701 W Manchester Ave, Playa del Rey, CA 90293

7701 W Manchester Ave, Playa del Rey, CA 90293

Playa del Rey, CA

Property Description

Seller Financing is Available – Call For Details. 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.

Property Features

  • Sale Price: $3,200,000
  • Area Size: 8,503 sq ft lot
  • Year Built: 1959
  • Listing Date: 05/02/24
  • Closing Date: 6/10/2024
  • Units: 10
  • Current GRM: 13.39
  • Current Cap Rate: 4.71%
  • Price Per Unit: $327,500

Lyon Stahl Investment Real Estate

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