7701 W Manchester Avenue, Playa Del Rey, CA 90293
Property
Sold June 2024
Listing Agent: Woody Stahl (DRE #01399621) · Listing Office: Lyon Stahl Investment Real Est · Contact: broker@lyonstahl.com · Bought with: Joseph Stahl · Lyon Stahl Investment Real Estate, Inc. · MLS #PW24088042 · Source: CRMLS
About this property
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.
Listing description from the June 2024 sale, as reported to CRMLS.
Sale history