8219 West Manchester Avenue

Playa del Rey, CA 90293

$2,375,000
Last Sold Price
9
Beds
6
Baths
4,225 Sq. Ft.
$562 / Sq. Ft.
4,225
Sq. Ft.
$562
per Sq. Ft.

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...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.
  1. Listed by Kamfar Kyle Mirrafati • DRE #01911204 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services

Property Details for 8219 West Manchester Avenue

Zoning
LAR3
Parcel Number
4115012009
Total Units
5.0
Living Area
4225
Source Living Area
Assessor
Area
Playa Del Rey (C31)
Vacancy Rate
2 Vacant
Lot Size Area
5768

Location

Listing Courtesy of Matthews Real Estate Investment Services, Kamfar Kyle Mirrafati, DRE #01911204

Sold By Elite Real Estate & Management, Amal Abdou, DRE #00852862

Add your commute
LISTING UPDATED: 08/31/2022 07:23 AM

Property Details for 8219 West Manchester Avenue

StatusSold
MLS #22-152383
Days on Market84
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.13 AC / 5,768 SF
CountyLos Angeles County

Location

Listing Courtesy of Matthews Real Estate Investment Services, Kamfar Kyle Mirrafati, DRE #01911204

Sold By Elite Real Estate & Management, Amal Abdou, DRE #00852862

Add your commute

Building Information for 8219 West Manchester Avenue

Stories2Residences-Year Built1959Building Size-Lot Size0.13 AC / 5,768 SF

Payment Calculator

$15,421 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,961

Property Taxes

$2,460

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8219 West Manchester Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $154,539
  • Net Operating Income: $105,571.00
  • Gross Income: $158,700
  • Cap Rate: 4.06%
  • Gross Rent Multiplier: $16.32
  • Actual Annual Gross Rent: $158,700.00
  • Total Annual Expense: 48968
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1324
  • Lot Size Square Feet: 5768
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 7
  • Covered Parking: 2
  • Open Other Spaces Total: 3
  • Garage Spaces Total: 2
  • Parking Features: Covered
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Other
  • Common Walls: Attached
  • Cooking Appliances: Cooktop - Gas, Oven
  • Laundry: Community
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-03-2022
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,900.00
  • Unit Actual Rent: $3,750.00
  • Unit Projected Rent: $3,900.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,975.00
  • Unit Actual Rent: $2,350.00
  • Unit Projected Rent: $1,975.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,300.00
  • Unit Actual Rent: $2,850.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,350.00
  • Unit Actual Rent: $2,350.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,850.00
  • Unit Actual Rent: $2,850.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 5
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110

Property History for 8219 West Manchester Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8219 West Manchester Avenue

Taxable ValueLand$1,575,000Additions$800,680Total$2,375,680
Tax Record2023$29,515 ($2,460 / month)
Home Facts
Total Finished SqFt4,225 SqFtAbove Grade Finished SqFt4,225 SqFtLot Size5,748 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningLAR3CountyLOS ANGELESAPN4115-012-009

Schools near 8219 West Manchester Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - 6 to 8
Rating
School
Distance
Loyola Village Elementary School
PublicK to 5

Kentwood Elementary School
PublicK to 5

Paseo Del Rey Natural Science Magnet
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Matthews Real Estate Investment Services, Kamfar Kyle Mirrafati, DRE #01911204

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.