$2,325,000
For Sale

7822 W Manchester Avenue

Venice, CA 90293
4723 sqft | 9 beds | 4 baths | #22177675
Courtesy of Keller Williams Beverly Hills
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Description

Prime Playa del Rey location, 10 min drive to Pacific Ocean. 47% upside in rents. Excellent mix of studios, 1, 2, & 2+Den bedroom units. Seller will credit buyer the cost to complete the EQ Retrofit work (bid is $54,000) which Buyer can pass thru to tenants 1/2 the cost over 10 years ($2,700/year). All rents are eligible for immediate increase upon expiration of the Moratorium. With said increases, the GRM is 16.5 and cap rate is 4%. With all rents at market, GRM is 11.9 and cap rate is 6.1%.

  • Interior Details
    • Beds & Baths
      • Bedrooms:9
      • Bathrooms:4
  • Property Details
    • Property
      • Stories:2
      • Pool:1
    • Measurements
      • Acres:0.1437
      • Square Feet:4723
  • Construction Details
    • Type & Style
      • Property type:Investment
    • Condition
      • Year built:1959
  • Community and Neighborhood Details
    • Location
      • County:Los Angeles
  • Financial Details
    • Pricing Details
      • Original List Price:$2, 325, 000
      • Selling Office Commission:2.000
  • Other
    • Source
      • MLS #:22177675

Location

Rami ElminoufiReal Estate Group
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