8219 W Manchester Ave, Playa Del Rey, CA 90293
- $2,375,000
- 9
- BD
- 6
- BA
- 4,225
- SqFt
- Sold Price
- $2,375,000
- List Price
- $2,600,000
- Closing Date
- Aug 30, 2022
- MLS#
- 22-152383
- Status
- SOLD
- Type
- Multifamily
- Bedrooms
- 9
- Bathrooms
- 6
- Living Area
- 4,225
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.
Additional Information
- Year Built
- 1959
- Garage
- Covered Parking
Mortgage Calculator
Courtesy of Matthews Real Estate Investment Services, Kamfar Kyle Mirrafati. Selling Office: .
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