NOT LISTED FOR SALE
36 Beds
19 Baths
17,849 Sq Ft
0.51 Acres

Last Sold June 14, 2024

Last sale price $6,681,000 $374 Per Sq Ft

37 Days on Market

Highlights

  • 0.51 Acre Lot
  • Wood Flooring
  • Forced Air Heating System

About This Home

As of June 2024

We are pleased to present a prestigious opportunity to acquire a true pride of ownership property in one of the best rental locations in prime West Los Angeles. 3355 Manning Avenue, known as Cheviot Lanai, has been lovingly cared for, operated and managed by the same family since it was built by them in 1956. The beautiful open courtyard property boasts an ideal unit mix consisting of all large 1, 2, and 3-bedroom units. Each of the units is extremely spacious, has a terrific floor plan, and offers an abundance of natural light. The property is an ideal mid-century gem situated on nearly a half acre of land zoned R3. Units feature hardwood floors (select units), spacious kitchens/bedrooms/bathrooms, large balconies, and an in-unit washer and dryer (select units). The units that do not have a washer and dryer have laundry hookups for them (except the 1-bedroom unit). Other property features include a well landscaped courtyard with a large sparkling pool, copper plumbing, intercom entrance, a pitched roof, and ample on-site parking. All soft story retrofit work has been completed by ownership. Close to some of the Westside's best dining and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best pockets of the Westside.

Last Agent to Sell the Property

Jonathan Taksa

Remax Commercial and Investment Realty License #01366169 Listed on: 04/01/2024

Remax Commercial and Investment Realty

Last Buyer's Agent

OUT OF AREA

OUT OF AREA License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 0.51 Acre Lot

Interior Spaces

  • 17,849 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Gas Dryer Hookup

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Disposal

Bedrooms and Bathrooms

  • 36 Bedrooms
  • 19 Bathrooms

Parking

  • 29 Parking Spaces
  • Covered Parking
  • Assigned Parking

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 18 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4316-032-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 17849
  • Lot Acreage: 0.5090
  • Stories: 2
  • Year Built: 1956
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Appliances: Cooktop - Gas, Gas, Oven-Gas
  • Bedrooms: 36
  • Total Bathrooms: 19.00
  • Equipment: Garbage Disposal, Gas Dryer Hookup, Refrigerator
  • Price Per S Q F T: 408.99

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned, Covered Parking
  • Total Parking: 29

Utilities

  • Cooling: Window Unit(s)
  • Heating: Natural Gas, Forced Air

Lot Info

  • Assessed Improvement Percent: 64.67
  • Assessed Improvement Value: 407671
  • Assessed Land Percent: 35.33
  • Assessed Land Value: 222668
  • Total Assessed Value: 630339
  • Assessor Parcel Number: 4316-032-006
  • Lot Size Area: 22174

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 14.25
  • Number Of Units: 18
  • Rent Control: 100
  • Total Annual Expense: 173645
  • Type Of Units: 1s,2s,3s
  • Vacancy Rate: 15275

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2024 06/14/24 Sold $6,681,000 -8.5% $374 / Sq Ft
05/08/2024 05/08/24 Pending -- -- --
04/01/2024 04/01/24 For Sale $7,300,000 -- $409 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-374973

The MLS