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.
|
DAYS ON MARKET
|
10
|
LAST UPDATED
|
1/21/2025
|
|
YEAR BUILT
|
1958
|
COMMUNITY
|
Westchester
|
|
GARAGE SPACES
|
4.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AREA |
Westchester |
| GARAGE |
Yes |
| LOT |
5250 sq ft |
| LOT DESCRIPTION |
6-10 Units/Acre |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| WATER |
Public |
| ZONING |
LAR3 |
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Listed with Lyon Stahl Investment Real Est
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 1/30/25 9:05 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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