7832 W Manchester Ave - Apartments FOR SALE


Playa Del Rey, CA 90293
$2,105,000 USD
707-225-2402
7832 W Manchester Ave, Playa Del Rey, CA for Sale
$2,105,000 USD
Apartments - FOR SALE
1/13
null | 5.01% Cap Rate

7832 W Manchester Ave
Playa Del Rey, CA 90293


HIGHLIGHTS

  • Pride of Ownership Coastal Multifamily Asset
  • Strong In-Place Cash Flow with Stable Tenancy
  • Turnkey Investment with Extensive System Upgrades Completed
  • Fully Upgraded Electrical Throughout the Property
  • Copper Plumbing Upgrades Completed
  • Roof in Excellent Condition, Six On-Site Parking Spaces

OVERVIEW

We are pleased to present 7832 W Manchester Avenue, a pride-of-ownership multifamily asset located in the highly desirable Playa del Rey submarket of Los Angeles. This exceptionally well-maintained property offers investors a rare opportunity to acquire a turnkey asset with strong in-place cash flow and minimal deferred maintenance. Situated just moments from the beach, the property benefits from its premier coastal location, strong tenant demand, and convenient access to Silicon Beach, LAX, major employment hubs, dining, and entertainment amenities. The property has been meticulously cared for by ownership and features numerous capital improvements throughout, including fully upgraded electrical systems, copper plumbing, and a roof in excellent condition. The asset presents a true turnkey operation for an investor seeking stable income with reduced future capital expenditure exposure. Additionally, the property offers six on-site parking spaces, a highly desirable amenity in the Playa del Rey rental market. For more information, please reach out.

FOR SALE DETAILS

PRICE

$2,105,000 USD

PRICE/SF

$447 USD /SF

# OF UNITS

6

PRICE/UNIT

$350,833

CAP RATE

5.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crown and Coast Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,107 SF

ZONING

LAR3

APN/PARCEL ID

4118-001-007

ASK ABOUT THIS PROPERTY

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.