7263 W Manchester Avenue, Los Angeles, CA 90045
-
Listed Price :
$1,750,000
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Beds :
N/A
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Baths :
N/A
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Property Size :
N/A sqft
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Year Built :
1958
Property Description
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. 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.
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
7263 W Manchester Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90045 |
| County |
Los Angeles |
| Listing Agent |
Woody Stahl DRE #01399621 |
| Co-Listing Agent |
Brett Lyon DRE #01717818 |
| Courtesy Of |
Lyon Stahl Investment Real Est |
| List Price |
$1,750,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Mixed Use |
| Structure Size |
N/A |
| Lot Size |
5,250 |
| Year Built |
1958 |
Listing information courtesy of: Woody Stahl, Brett Lyon, Lyon Stahl Investment Real Est. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 21st, 2025 at 10:52 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
