15
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$1,607,500
$1,750,000 8.1%
Est. payment /mo
5,248 Sqft Lot
Sold on 04/18/2025
7263 W Manchester AVE Los Angeles, CA 90045
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Key Details
Sold Price $1,607,500
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW25014544
Year Built 1958
Lot Size 5,248 Sqft
Property Sub-Type Mixed Use
Property Description
7263 W Manchester Ave is a well-maintained 6-unit apartment building located in the highly desirable neighborhood of Westchester. This property features a strong unit mix, including (2) 2-bed/1-bath units, (1) 1-bed/1-bath unit, and (3) studio units, as well as (4) on-site 1-car garages, offering diverse options for tenants. Please do not disturb the tenants. The building is in excellent condition, with a new roof installed in November 2022 and copper plumbing throughout, ensuring long-term durability and reduced maintenance costs.
The property comprises 3,160 SF on a large 5,250 SF lot, priced at $553/SF and $291K/unit, making it an exceptional investment at an attractive price point. Current operations deliver a solid 5.18% CAP rate, with the potential for a 27% rental upside, achieving a projected 7.17% market CAP and a 9.68 market GRM.
Situated near Playa del Rey's retail and dining options, the beach, and Loyola Marymount University, this property benefits from proximity to key amenities and strong demand for student housing. With its prime location and value-add potential, this is a rare investment opportunity in a sought-after Westchester neighborhood.
The property comprises 3,160 SF on a large 5,250 SF lot, priced at $553/SF and $291K/unit, making it an exceptional investment at an attractive price point. Current operations deliver a solid 5.18% CAP rate, with the potential for a 27% rental upside, achieving a projected 7.17% market CAP and a 9.68 market GRM.
Situated near Playa del Rey's retail and dining options, the beach, and Loyola Marymount University, this property benefits from proximity to key amenities and strong demand for student housing. With its prime location and value-add potential, this is a rare investment opportunity in a sought-after Westchester neighborhood.
Location
State CA
County Los Angeles
Area C29 - Westchester
Zoning LAR3
Interior
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Woody Stahl • Lyon Stahl Investment Real Est • woody@lyonstahl.com
Bought with Woody Stahl • Lyon Stahl Investment Real Est
Bought with Woody Stahl • Lyon Stahl Investment Real Est
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