1571 Manning Avenue

    Los Angeles (City), CA 90024
    • $3,950,000
    • STATUS: Active
    • ON SITE: 4 days
    • MLS #: 20566706
    New On Site 4 Days Ago
    UPDATED: 44 min ago
    $3,950,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,810
      SQFT
    • $580
      $/SQFT
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    We are pleased to present a rare opportunity to acquire a 5-unit apartment building. Located in the Westwood submarket in the heart of West Los Angeles on Manning Ave in between Wilshire and Santa Monica Blvds. The subject property is a two story, wood framed stucco apartment building built in 1963.There are eight parking spaces configured as three tandem spots and one storage unit with one space in the front of the property. The common laundry room machines are privately owned for additional income. Two of the units have in-unit washer/dryers.This excellent opportunity to acquire a generational asset in an A+ location is only a short walk/ Uber/ scooter ride from UCLA's campus, in addition to Google's 584,000sf campus at Westside Pavilion coming in 2022.

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    Based on information from CRISNet MLS as of 2020-03-29T23:43:35.28. 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.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-03-29T23:43:35.28. 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.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-03-29T23:43:35.28. 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.

    Based on information from the i-Tech MLS as of 2020-03-29T23:43:35.28. 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.

    Licensed in the State of California, USA.
    www.desertarealuxuryhomes.com/homes/104511065

    1571 Manning Avenue Los Angeles (City), CA 90024

    • Price: $3,950,000
    • Status: Active
    • Updated: 44 min ago
    • MLS #: 20566706
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    6,810
    SQFT
    $580
    $/SQFT
    1963
    Built
    Neighborhood:
    Westwood - Century City (C05)
    County:
    Los Angeles
    Area:
    Westwood - Century City (C05)
    Property Description
    We are pleased to present a rare opportunity to acquire a 5-unit apartment building. Located in the Westwood submarket in the heart of West Los Angeles on Manning Ave in between Wilshire and Santa Monica Blvds. The subject property is a two story, wood framed stucco apartment building built in 1963.There are eight parking spaces configured as three tandem spots and one storage unit with one space in the front of the property. The common laundry room machines are privately owned for additional income. Two of the units have in-unit washer/dryers.This excellent opportunity to acquire a generational asset in an A+ location is only a short walk/ Uber/ scooter ride from UCLA's campus, in addition to Google's 584,000sf campus at Westside Pavilion coming in 2022.
    Exterior Features

    Parking Spaces Total 8 Parking Type Tandem

    Interior Features

    Appliances DryerWasher Cooling Type Air Conditioning Heating Fuel Electric Interior Features Elevator Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Unfurnished Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.75 Unit Number Of Bath02 3.0 Unit Number Of Bath03 1.75 Unit Number Of Bath04 3.0 Unit Number Of Bath05 1.0 Unit Number Of Bed01 3 Unit Number Of Bed02 4 Unit Number Of Bed03 3 Unit Number Of Bed04 3 Unit Number Of Bed05 0

    Property Features

    Adjusted Gross Income 209100.00 Assessed Improvement Value 785719.00 Assessed Land Value 1082259.00 Cap Rate 3.31 Country United States Of America Expense Total Annual 74832.00 Gross Operating Income 204918.00 Gross Rent Multiplier 18.89 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Vendor Enhanced Net Operating Income 130606.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 3708.00 Unit Monthly Rent02 4500.00 Unit Monthly Rent03 4017.00 Unit Monthly Rent04 3500.00 Unit Monthly Rent05 1700.00 Unit Projected Total Monthly Rent01 4250.00 Unit Projected Total Monthly Rent02 4500.00 Unit Projected Total Monthly Rent03 4250.00 Unit Projected Total Monthly Rent04 4250.00 Unit Projected Total Monthly Rent05 1700.00 Unit Total Monthly Rent01 3708.00 Unit Total Monthly Rent02 4500.00 Unit Total Monthly Rent03 4017.00 Unit Total Monthly Rent04 3500.00 Unit Total Monthly Rent05 1700.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Unit Type04 1 Unit Type05 1 Units Total In Complex 5 Zoning Lar3

    Listing provided courtesy of Earle Hyman DRE#00803521 of Marcus & Millichap.


    Based on information from CRISNet MLS as of 2020-03-29T23:43:35.28. 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.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-03-29T23:43:35.28. 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.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-03-29T23:43:35.28. 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.

    Based on information from the i-Tech MLS as of 2020-03-29T23:43:35.28. 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.

    Licensed in the State of California, USA.
     
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    Palm Desert CA, 92260