NOT LISTED FOR SALE

8364 Manitoba St Playa Del Rey, CA 90293

6 Beds
7 Baths
10,762 Sq Ft
0.26 Acre Lot

Sale Details

Date Sold: September 24, 2018

Last sale price $4,000,000 $372 Per Sq Ft

5 Days on Market

About This Home

As of September 2018

This is the first time the property has been on the market since it was built in 1966, and this offering presents an excellent value-add opportunity in an affluent, majority-renter neighborhood just a half-mile from the beach.

8364 Manitoba Street consists of one building that contains one three-bedroom, three two-bedroom, and four one-bedroom units that have balconies and are separately metered for electricity. The property also features a shared laundry room with two washers and two dryers, and 10 covered parking spots. This property is subject to rent control.

With the units in original condition and an excellent location, 8364 Manitoba Street presents an outstanding opportunity for an astute investor to add value and capture substantial potential upside in rents.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 07/20/2018

Last Buyer's Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 07/20/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 11,116 Sq Ft Lot
  • No Common Walls

Home Design

  • 10,762 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Parking

  • 10 Parking Spaces
  • 10 Carport Spaces

Additional Features

  • Laundry in unit
  • Suburban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 24590
  • Assessor Parcel Number 4118014001

Community Details

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • Operating Expense $83,956
  • Net Operating Income $101,144

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0.26 Acres

Listing Details

  • Property Attached: No
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 4118014001
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 371.68

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 10.00
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11116.00

Multi Family

  • Gross Scheduled Income: 185100.00
  • Net Operating Income: 101144.00
  • Number Of Separate Electric Meters: 8
  • Number Of Units Total: 8
  • Operating Expense: 83956.00
  • Rent Control: Yes
  • Total Expenses: 83956.00

Tax Info

  • Tax Census Tract: 2766.03
  • Tax Lot: 1
  • Tax Tract Number: 24590
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Accommodation/Courtesy Recordi
-- Fidelity National Title Comp
$4,000,000 Fidelity National Title Comp
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $1,390,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/24/2018 09/24/18 Sold $4,000,000 -3.6% $372 / Sq Ft
07/25/2018 07/25/18 Pending -- -- --
07/20/2018 07/20/18 For Sale $4,150,000 -- $386 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $54,776 $4,462,072 $3,569,659 $892,413
2024 $54,124 $4,374,581 $3,499,666 $874,915
2023 $53,086 $4,288,806 $3,431,046 $857,760
2022 $50,642 $4,204,713 $3,363,771 $840,942
2021 $49,996 $4,122,268 $3,297,815 $824,453
2019 $48,522 $4,000,000 $3,200,000 $800,000
2018 $6,710 $445,555 $146,069 $299,486
2017 $6,547 $436,819 $143,205 $293,614
2016 $6,279 $428,255 $140,398 $287,857
2015 $6,203 $421,824 $138,290 $283,534
2014 $6,278 $413,562 $135,582 $277,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18175167

California Regional Multiple Listing Service (CRMLS)
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