14 Units in Prime PDR, NO LOCAL RENT CONTROL! 7605 W Manchester Ave 14 Lot Offre d’immeuble d’habitation à 4 535 895 € à un taux de capitalisation de 5,73 % Playa Del Rey, CA 90293

First time offered for sale since its construction in 1985. A 14-unit gem NOT SUBJECT TO LOCAL RENT CONTROL. 7605 W Manchester Ave is situated in the heart of Playa Del Rey along a quiet stretch of Manchester Avenue with easy access to local beaches as well as to the broader Westside and major freeways. The property was built in 1985 and is being sold by the original developer.
7605 W Manchester features two levels of residential units above a secured, on-grade parking garage with 25 parking spaces for the 20 total bedrooms on premises. Unit mix consists of (4) 2+2, (2) 2+1.5 townhouse, (2) 1+1+Den and (6) 1+1 layouts. There is secured access throughout the property leading to a charming central courtyard with communal space for tenants. There is on-site laundry with no laundry lease. The property also has building-wide filtered water for all residents. Electrical main and sub-panels were manufactured by Crouse-Hinds.
From an investment perspective, 7605 W Manchester offers a day-one cap rate of 5.73% with a low expense ratio and the opportunity to further renovate units to achieve even greater income. For investors seeking a quality, well-located and well-cared for multifamily asset that is not subject to the CIty of LA's Rent Stabilization Ordinance, 7605 W Manchester offers a rare and ideal opportunity for immediate cashflow and long term appreciation.