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Multifamily

Westwood Multi-Family Development

1676-1686 Manning Avenue, Los Angeles, CA 90024

Listing Price: Request For Offer

Number of Units
14
Occupancy
97.0%
Gross SF
14,124

Investment Overview

Marcus and Millichap REIS as the exclusive agent is pleased to present 1676, 1680 & 1682 and 1686 Manning Avenue, Los Angeles, CA a multi-family development opportunity of three (3) contiguous but separate parcels totaling approximately 14,124 sq. ft. of Building Area and approximately 22,221 sq. ft. -or- 0.49 acres of Land Area.

1676 Manning Avenue is a +/- 5,992 sq. ft. 2-story multi-family apartment building with seven (7) units, four (4) enclosed tucked under parking garages and four (4) additional on-site parking spaces.
1680 & 1682 Manning Avenue is a +/- 2,552 sq. ft. Du-Plex multi-family apartment building with a separate two (2) car garage structure and three (3) additional tandem on-site parking spaces. The rear of this property has a great potential for two (2) Additional Dwelling Units (ADU’s).
1686 Manning Avenue is a +/- 5,580 sq. ft. 2-story multi-family apartment building with five (5) units, four (4) tucked under parking spaces and four (4) additional on-site parking spaces.

The property is in the southern part of the Westwood community of Los Angeles, CA. and centrally located between the commercial core of Century City, Westwood Village/UCLA Campus, and the Wilshire Corridor “Golden Mile” high-rise district and tucked between the ultra-popular cities of Beverly Hills and Santa Monica.

Investment Highlights

  • Prime location adjacent generational multi-family properties, located in the prime residential district of Westwood, Los Angeles, CA
  • Properties have completed a few exterior upgrades, including seismic retrofits of soft-story parking areas as well as new balconies on one of the buildings
  • Potential to add two (2)-Additional Dwelling Units (ADU'S)
  • Average Household Income: $187,169 within 1 mile and $ 157,659 within 3 miles
  • 2022 Estimated Population: 45,280 within 1 mile and 288,562 within 3 miles
  • Well-Educated Workforce: Bachelor's Degree Only 37.8% within 1 and 3 miles; Graduate Degree: 36.3% within 1 mile and 29.3% within 3 miles
  • Local Amenities: Less than 1.2 miles to Westwood Village, UCLA and UCLA Medical Center and the Wilshire Corridor "Golden Mile"; less than 1.7 miles to the Century City; and 2.5 miles to Bevely Hills
  • Regional Amenities: 5 miles to Ocean Fronk Walk, Santa Monica; 9.1 miles to Los Angeles International Airport; and 11.2 miles to Downtown Los Angeles

Exclusively Listed By

Financing By

Multifamily

Westwood Multi-Family Development

Listing Price: Request For Offer

Number of Units
14
Occupancy
97.0%
Gross SF
14,124

Investment Highlights

  • Prime location adjacent generational multi-family properties, located in the prime residential district of Westwood, Los Angeles, CA
  • Properties have completed a few exterior upgrades, including seismic retrofits of soft-story parking areas as well as new balconies on one of the buildings
  • Potential to add two (2)-Additional Dwelling Units (ADU'S)
  • Average Household Income: $187,169 within 1 mile and $ 157,659 within 3 miles
  • 2022 Estimated Population: 45,280 within 1 mile and 288,562 within 3 miles
  • Well-Educated Workforce: Bachelor's Degree Only 37.8% within 1 and 3 miles; Graduate Degree: 36.3% within 1 mile and 29.3% within 3 miles
  • Local Amenities: Less than 1.2 miles to Westwood Village, UCLA and UCLA Medical Center and the Wilshire Corridor "Golden Mile"; less than 1.7 miles to the Century City; and 2.5 miles to Bevely Hills
  • Regional Amenities: 5 miles to Ocean Fronk Walk, Santa Monica; 9.1 miles to Los Angeles International Airport; and 11.2 miles to Downtown Los Angeles

Investment Overview

Marcus and Millichap REIS as the exclusive agent is pleased to present 1676, 1680 & 1682 and 1686 Manning Avenue, Los Angeles, CA a multi-family development opportunity of three (3) contiguous but separate parcels totaling approximately 14,124 sq. ft. of Building Area and approximately 22,221 sq. ft. -or- 0.49 acres of Land Area. 1676 Manning Avenue is a +/- 5,992 sq. ft. 2-story multi-family apartment building with seven (7) units, four (4) enclosed tucked under parking garages and four (4) additional on-site parking spaces. 1680 & 1682 Manning Avenue is a +/- 2,552 sq. ft. Du-Plex multi-family apartment building with a separate two (2) car garage structure and three (3) additional tandem on-site parking spaces. The rear of this property has a great potential for two (2) Additional Dwelling Units (ADU’s). 1686 Manning Avenue is a +/- 5,580 sq. ft. 2-story multi-family apartment building with five (5) units, four (4) tucked under parking spaces and four (4) additional on-site parking spaces. The property is in the southern part of the Westwood community of Los Angeles, CA. and centrally located between the commercial core of Century City, Westwood Village/UCLA Campus, and the Wilshire Corridor “Golden Mile” high-rise district and tucked between the ultra-popular cities of Beverly Hills and Santa Monica.

Exclusively Listed By

Financing By

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