7263 W Manchester Avenue

Description

7263 W Manchester Ave is a well-maintained 6-unit apartment building located in the highly desirable neighborhood of Westchester. This property features a strong unit mix, including (2) 2-bed/1-bath units, (1) 1-bed/1-bath unit, and (3) studio units, as well as (4) on-site 1-car garages, offering diverse options for tenants. Please do not disturb the tenants. The building is in excellent condition, with a new roof installed in November 2022 and copper plumbing throughout, ensuring long-term durability and reduced maintenance costs. The property comprises 3,160 SF on a large 5,250 SF lot, priced at $553/SF and $291K/unit, making it an exceptional investment at an attractive price point. Current operations deliver a solid 5.18% CAP rate, with the potential for a 27% rental upside, achieving a projected 7.17% market CAP and a 9.68 market GRM. Situated near Playa del Rey’s retail and dining options, the beach, and Loyola Marymount University, this property benefits from proximity to key amenities and strong demand for student housing. With its prime location and value-add potential, this is a rare investment opportunity in a sought-after Westchester neighborhood.

Listing information courtesy of: Woody Stahl, Lyon Stahl Investment Real Est 310-425-9838. *Based on information from the Association of REALTORS/Multiple Listing as of 01/31/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.