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Multifamily

7832 W Manchester Ave

7832 W Manchester Ave, Los Angeles, CA 90293

Listing Price: $2,025,000

Cap Rate
5.02%
Number of Units
6
GRM
13.08
Occupancy
100.0%
Price/Unit
$337,500
Price/Gross SF
$429.75
Gross SF
4,712

Investment Overview

The Weir Group is pleased to present our newest exclusive listing in Playa Del Rey – A submarket of Los Angeles that almost never trades hands. The property is being sold for the first time since 1965 and is less than 1 mi from the ocean. The property is comprised of four 1 bedroom/1 bathroom units, a 2 bedroom/1 bathroom unit, and a 2 bedroom/2 bathroom unit. The property has a total of 6 parking spots in the rear of the property. The property has been very well taken care of throughout the current ownership and has an estimated 30%+ upside in rents. A new owner can modernize both interior and exterior and command top market rents as this neighborhood attracts young professionals, high income earners, and beach lovers. For more information, please reach out to the listing agent Jonathan Weir.

Investment Highlights

  • Rarely Traded Playa Del Rey
  • First Time on the Market Since 1965
  • Less Than 1 Mile from the Beach
  • Value-Add Opportunity/30% + Upside

Exclusively Listed By

Multifamily

7832 W Manchester Ave

Listing Price: $2,025,000

Cap Rate
5.02%
Number of Units
6
GRM
13.08
Occupancy
100.0%
Price/Unit
$337,500
Price/Gross SF
$429.75
Gross SF
4,712

Investment Highlights

  • Rarely Traded Playa Del Rey
  • First Time on the Market Since 1965
  • Less Than 1 Mile from the Beach
  • Value-Add Opportunity/30% + Upside

Investment Overview

The Weir Group is pleased to present our newest exclusive listing in Playa Del Rey – A submarket of Los Angeles that almost never trades hands. The property is being sold for the first time since 1965 and is less than 1 mi from the ocean. The property is comprised of four 1 bedroom/1 bathroom units, a 2 bedroom/1 bathroom unit, and a 2 bedroom/2 bathroom unit. The property has a total of 6 parking spots in the rear of the property. The property has been very well taken care of throughout the current ownership and has an estimated 30%+ upside in rents. A new owner can modernize both interior and exterior and command top market rents as this neighborhood attracts young professionals, high income earners, and beach lovers. For more information, please reach out to the listing agent Jonathan Weir.

Exclusively Listed By

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