Contract Signed
1. Multi Family Townhouse for Sale at Manchester Square, Los Angeles, CA 90047
2. Multi Family Townhouse for Sale at Manchester Square, Los Angeles, CA 90047
3. Multi Family Townhouse for Sale at Manchester Square, Los Angeles, CA 90047
4. Multi Family Townhouse for Sale at Manchester Square, Los Angeles, CA 90047
5. Multi Family Townhouse for Sale at Manchester Square, Los Angeles, CA 90047
6. Multi Family Townhouse for Sale at Manchester Square, Los Angeles, CA 90047
7. Multi Family Townhouse for Sale at Manchester Square, Los Angeles, CA 90047
CALIFORNIA
Los AngelesManchester Square

1439 W 85th St

Manchester Square, Los Angeles, CA 90047

$1,400,000
11
beds
Multi Family Townhouse

AGENTS

Douglas Elliman
Douglas Elliman
M: 1.800.Elliman
Source of Data:
California Real Estate Technology Services

Property Description

*** Can be purchased individually or a part of a 48-unit portfolio, contact LA1 for more information ** 1439 W. 85th Street is a 7-unit value-add property in South Los Angeles operating at a 5.39% current CAP and offers investors approx. 50% upside in rents . Located near the intersection of S. Normandie Ave and Manchester Ave, the subject property is comprised of (1) three-bdrm. and one-bath unit, (2) two-bdrm. and one-bath units and (4) one-bdrm. units that generate approx. $9,600+ in gross monthly income. Based on market rents on renovated units in the area, we believe a future investor could achieve approx. $14,400+ in gross monthly income and operate the building at a 9.41% pro-forma CAP. The property amenities include on-site parking and a community laundry room.
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PROPERTY DETAILS

  • Interior
    4,844 Sq Ft.
  • Exterior
    .15 Acres
  • Property Type
    Multi Family Townhouse
  • Year Built
    1964
  • MLS/Listing ID
    22-198920
  • Days On Market
    65
Listing Courtesy of Compass, Max Berger - 02054048 - 818-321-4972

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NEARBY LISTINGS

Property at Manchester Square, Los Angeles, CA 900471  of  3
$1,800,000
2beds
Listing Courtesy of Olsen Realty, Douglas Olsen - 949-533-0787
Property at Manchester Square, Los Angeles, CA 90047
New Listing
$750,000
2beds
Listing Courtesy of P3 Realty Inc, Nikita Brown - 562-760-8881
Property at Manchester Square, Los Angeles, CA 900471  of  3
$695,000
1bed1bath
Listing Courtesy of Ingenious Asset Group, Inc., Vineendra Jain - 01413466 - 310-207-2288
Property at Manchester Square, Los Angeles, CA 900471  of  38
Contract Signed
$749,000
3beds2baths
Listing Courtesy of ACME Real Estate, Dominique Madden - 01959152 - 323-383-8503 and Courtney Poulos - 01882678