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Key Details
Sold Price $2,375,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,225 sqft
Price per Sqft $562
MLS Listing ID 22152383
Sold Date 08/30/22
Bedrooms 9
HOA Y/N No
Year Built 1959
Lot Size 5,767 Sqft
Property Description
8219 W Manchester Avenue is a two story 5-unit apartment building located in the heart of Playa del Rey steps from the Beach. Built in 1959, the building offers a great unit mix of 1-, 2-, and 3-bedroom with two (2) of the units being delivered vacant for immediate rental upside potential. The tenant are responsible for their own gas, electricity, and TRASH making this an easy building to manage with low operating expenses. The property features five (5) surface parking spaces in the back, a 2-car garage that is currently not being used, an on-site laundry facility leased by the landlord, hardwood floors, original bath tiles, new windows, and more. The unused garage space is the perfect candidate for a savvy investor to add an extra unit to this property by converting it into an Accessory Dwelling Unit (ADU). 8219 W Manchester Avenue represents a unique opportunity to acquire a pride of ownership property in a great beach town neighborhood of LA. With this rare buying opportunity, you can immediately renovate the two (2) vacant units, explore ADU conversations, and enjoy the healthy rental income that owning by the beach provides.
Location
State CA
County Los Angeles
Area C31 - Playa Del Rey
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Gas Cooktop, Oven
Laundry Common Area
Exterior
Garage Covered
Garage Spaces 2.0
Garage Description 2.0
Total Parking Spaces 7
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 4115012009
Special Listing Condition Standard
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Bought with Amal Abdou • Elite Real Estate & Management