NOT LISTED FOR SALE

7423 W Manchester Ave Los Angeles, CA 90045

Westchester Neighborhood
16 Beds
16 Baths
11,745 Sq Ft
1988 Built

Last Sold September 11, 2012

Last sale price $2,325,000 $198 Per Sq Ft

28 Days on Market

About This Home

As of September 2012

This Mediterranean inspired beauty is a "trophy asset" located just two blocks away from Playa del Rey in nearby Westchester. The Playa Manchester Apartments, constructed in 1988, is an 11,745 square-foot structure building with gated subterranean and street-level parking.
The unit mix is comprised of the following:

" 2 Two-bedroom, two and one-half-bath townhouse-style units with fireplace (one unit has private use of side yard on east side of the building)
" 2 Two-bedroom, two and one-half-bath townhouse-style units, three levels with three balconies and a fireplace
" 2 Two-bedroom, two and one-half-bath townhouse-style units, with two balconies and fireplace
" 1 Two-bedroom, two-bath Owner' s Unit,' split level with fireplace, balcony, and elevator
" 1 Two-bedroom, two-bath, split-level with fireplace and balcony

Westchester is a suburban neighborhood in western Los Angeles. The Westchester community is separated from the Pacific Ocean by Playa del Rey on the west. Its northern border includes Playa Vista, as well as Culver City. The city of Inglewood is to the east, and El Segundo is to the
south.

Last Agent to Sell the Property

Mike McKinney

Lyon Stahl Investment Real Estate, Inc. License #00634672 Listed on: 06/11/2012

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Parking

  • 16 Parking Spaces

Home Design

  • 11,745 Sq Ft Home

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 9671
  • Assessor Parcel Number 4114018006

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $5,679
  • Gardener Expense $720
  • Insurance Expense $3,844
  • Maintenance Expense $5,600
  • Other Expense $1,503
  • Professional Management Expense $7,789
  • Trash Expense $1,128
  • New Taxes Expense $31,030
  • Gross Income $20,304
  • Net Operating Income $98,205

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Listing Details

  • CapRate: 4.10
  • Professional Management Expense: 7789.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 4114018006
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Square Foot: 197.96

Garage/Parking

  • Total Parking Spaces: 16.00

Utilities

  • Trash Expense: 1128.00

Condo/Co-op/Association

  • Association: No

Multi Family

  • Electric Expense: 5679.00
  • Gross Income: 20304.00
  • Gross Multiplier: 14.92
  • Gross Scheduled Income: 160600.00
  • Insurance Expense: 3844.00
  • Maintenance Expense: 5600.00
  • Net Operating Income: 98205.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 57577.00
  • Other Expense: 1503.00
  • Other Expense Description: Misc
  • Rent Control: No
  • Vacancy Allowance: 4818

Tax Info

  • New Taxes Expense: 31030.00
  • Tax Lot: 20
  • Tax Tract Number: 9671

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
09/11/2012 09/11/12 Sold $2,325,000 -2.9% $198 / Sq Ft
07/09/2012 07/09/12 Pending -- -- --
06/11/2012 06/11/12 For Sale $2,395,000 -- $204 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mike McKinney

    Seller's Agent in 2012

    Mike McKinney

    Lyon Stahl Investment Real Estate, Inc.

    (310) 880-2900

    18 Total Sales

    Mike McKinney
    Section Image

  • N

    Buyer's Agent in 2012

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    5,890 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S12074237

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90045 Westchester

7423 W Manchester Ave, Los Angeles, CA

This home is located at 7423 W Manchester Ave, Los Angeles, CA 90045 since 11 June 2012. This property was built in 1988. 7423 W Manchester Ave is a home located in Los Angeles County with nearby schools including Loyola Village Elementary School, Wright Middle School STEAM Magnet, and Westchester Enriched Sciences Magnets.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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