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Multifamily

1615 Manning Ave

1615 Manning Ave, Los Angeles, CA 90024

Listing Price: $2,650,000

Cap Rate
2.01%
Number of Units
3
Occupancy
100.0%
Price/Unit
$883,333
Price/Gross SF
$966.45
Gross SF
2,742

Investment Overview

The Manning Ave apartments is as wood frame stucco 3-unit apartment building built in 1949. The property is located in Westwood, one block north of Santa Monica Blvd and directly east of the Mormon Temple. It is within walking distance to Fairburn Elementary School and Emerson Middle School. The building is 2,742 gross square feet. The lot size is 6,463 square feet zoned LA-R3 with a TOC Tier 2 designation. The unit mix consists of 1- bedroom one bath unit. 1- two-bedroom one-bath unit and 1- two-bedroom one-and-a-half-bath unit. Amenities include a two car garage plus additional driveway parking for a total of three parking spaces. There is a common laundry on premises for all tenants to use. All the units are in good condition, are spacious and feel like they are single family homes. The Two Bedroom units (1615 and 1617) have wood burning fireplaces, and their own private patios. All units have hardwood floors. All units are separately metered for gas and electricity and have their own hot water heaters.

Investment Highlights

  • Zoned LAR3 with Tier 2 TOC
  • Lot Dimensions 130'x50'
  • Excellent Westwood Location- North of Santa Monica Blvd
  • Currently 100% occupied triplex with Unit Mix of One One-Bedroom and Two Two-Bedrooms
  • Walkscore.com Score is 77 = 'Very Walkable, Most errands can be accomplished on foot'
  • Walking Distance to Fairburn Elementary School and Emerson Middle School

Exclusively Listed By

Financing By

Multifamily

1615 Manning Ave

Listing Price: $2,650,000

Cap Rate
2.01%
Number of Units
3
Occupancy
100.0%
Price/Unit
$883,333
Price/Gross SF
$966.45
Gross SF
2,742

Investment Highlights

  • Zoned LAR3 with Tier 2 TOC
  • Lot Dimensions 130'x50'
  • Excellent Westwood Location- North of Santa Monica Blvd
  • Currently 100% occupied triplex with Unit Mix of One One-Bedroom and Two Two-Bedrooms
  • Walkscore.com Score is 77 = 'Very Walkable, Most errands can be accomplished on foot'
  • Walking Distance to Fairburn Elementary School and Emerson Middle School

Investment Overview

The Manning Ave apartments is as wood frame stucco 3-unit apartment building built in 1949. The property is located in Westwood, one block north of Santa Monica Blvd and directly east of the Mormon Temple. It is within walking distance to Fairburn Elementary School and Emerson Middle School. The building is 2,742 gross square feet. The lot size is 6,463 square feet zoned LA-R3 with a TOC Tier 2 designation. The unit mix consists of 1- bedroom one bath unit. 1- two-bedroom one-bath unit and 1- two-bedroom one-and-a-half-bath unit. Amenities include a two car garage plus additional driveway parking for a total of three parking spaces. There is a common laundry on premises for all tenants to use. All the units are in good condition, are spacious and feel like they are single family homes. The Two Bedroom units (1615 and 1617) have wood burning fireplaces, and their own private patios. All units have hardwood floors. All units are separately metered for gas and electricity and have their own hot water heaters.

Exclusively Listed By

Financing By

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