NOT LISTED FOR SALE

8351 W Manchester Ave Playa Del Rey, CA 90293

9 Beds
8 Baths
4,740 Sq Ft
6,372 Sq Ft Lot

Last Sold March 01, 2022

Last sale price $2,650,000 $559 Per Sq Ft

137 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 5 Car Garage
  • Kentwood Elementary Rated A-
  • Sliding Doors
  • Wall Furnace

About This Home

As of March 2022

Investment opportunity! 5 Blocks from the Ocean! Centrally located between Playa Vista, Playa del Rey, restaurants, and the beach. 5 units total. Perfect owners unit has 3 bedrooms and 2 baths. Additionally, there are two 1 bedroom/ 1 bath units and two 2 bedroom/2 bath units. There are 5 private enclosed garages. On-site laundry facility

Last Agent to Sell the Property

Bill Ruane

Estate Properties License #00972400 Listed on: 07/03/2021

Estate Properties

Last Buyer's Agent

Jason Vogel

Jason Vogel, Broker License #01815890

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,372 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Property Attached

Interior Spaces

  • 4,740 Sq Ft Home
  • Sliding Doors
  • Laundry Room

Kitchen

  • Recirculated Exhaust Fan
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Mirrored Closets Doors
  • 8 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Water Heater

Listing and Financial Details

  • Legal Lot and Block 37 / 36
  • Tax Tract Number 9809
  • Assessor Parcel Number 4115001013

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • Electric Expense $1,300
  • Fuel Expense $900
  • Gardener Expense $1,900
  • Insurance Expense $2,300
  • Maintenance Expense $3,276
  • Water Sewer Expense $4,200
  • New Taxes Expense $29,247
  • Operating Expense $43,623
  • Gross Income $165,800
  • Net Operating Income $116,901

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4200.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Gardener Expense: 1900.00
  • Parcel Number: 4115001013
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Price Per Square Foot: 559.07

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 9.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Recirculated Exhaust Fan, Vented Exhaust Fan, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6372.00
  • Lot Size Acres: 0.1463

Multi Family

  • Electric Expense: 1300.00
  • Fuel Expense: 900.00
  • Gross Income: 165800.00
  • Gross Multiplier: 17.67
  • Gross Operating Income: 160524.00
  • Gross Scheduled Income: 163800.00
  • Gross Spendable Income: 116901.00
  • Insurance Expense: 2300.00
  • Laundry Income: 2000.00
  • Lot Size Area: 6372.0000 Square Feet
  • Maintenance Expense: 3276.00
  • Maintenance Percent: 2.00
  • Net Operating Income: 116901.00
  • Number Of Separate Electric Meters: 5
  • Number Of Units Total: 5
  • Operating Expense: 43623.00
  • Operating Expense Percent: 27.00
  • Rent Control: Yes
  • Total Expenses: 43623.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 29247.00
  • Tax Block: 36
  • Tax Census Tract: 2766.01
  • Tax Lot: 37
  • Tax Tract Number: 9809

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 List to Sale Price per Sq Ft
03/01/2022 03/01/22 Sold $2,650,000 -7.2% $559 / Sq Ft
11/17/2021 11/17/21 Pending -- -- --
11/01/2021 11/01/21 Price Changed $2,855,000 -1.4% $602 / Sq Ft
10/30/2021 10/30/21 For Sale $2,895,000 +9.2% $611 / Sq Ft
10/27/2021 10/27/21 Off Market $2,650,000 -- --
10/13/2021 10/13/21 Price Changed $2,895,000 0.0% $611 / Sq Ft
10/13/2021 10/13/21 For Sale $2,895,000 +9.2% $611 / Sq Ft
10/11/2021 10/11/21 Off Market $2,650,000 -- --
07/21/2021 07/21/21 For Sale $2,995,000 +13.0% $632 / Sq Ft
07/21/2021 07/21/21 Off Market $2,650,000 -- --
07/15/2021 07/15/21 Price Changed $2,995,000 -6.3% $632 / Sq Ft
07/03/2021 07/03/21 For Sale $3,195,000 -- $674 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21145347

California Regional Multiple Listing Service (CRMLS)