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INVESTMENT HIGHLIGHTS
- Two Separately Divisible Buildings (Separate APNs)
- No Resident Manager Required
- Exceptional ADU Development Potential
- Potential to Avoid Measure ULA
- Premium Corner Location (Street-to-Alley Access)
- Combined 22,694 SF Double Lot
EXECUTIVE SUMMARY
This is an exceptional opportunity to acquire two adjacent, fully occupied eight-unit apartment buildings totaling 16 units on a combined 22,694-square-foot double lot in Westchester’s premier rental corridor. The properties feature separate APNs (4119-025-020 and 4119-025-019), providing investors with unique strategic flexibility, including the potential to avoid Measure ULA tax implications and the optionality to sell separately upon exit, dramatically expanding the buyer pool. The properties are positioned on a highly desirable corner lot, with frontage on high-traffic Manchester Boulevard, offering exceptional visibility. With recent renovations, including laminate flooring, updated kitchens with granite countertops, and modern bathrooms, units command strong rental demand while maintaining significant upside potential.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $5,450,000 | Number of Properties | 2 |
| Price / SF | $497.99 / SF | Individually For Sale | 0 |
| Cap Rate | 5.35% | Total Building Size | 10,944 SF |
| Sale Type | Investment | Total Land Area | 0.52 AC |
| Status | Active |
| Price | $5,450,000 |
| Price / SF | $497.99 / SF |
| Cap Rate | 5.35% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 10,944 SF |
| Total Land Area | 0.52 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 7366 W Manchester Ave, Los Angeles, CA 90045 | Multifamily | 5,472 SF | 1955 | - |
| 7360 W Manchester Ave, Los Angeles, CA 90045 | Multifamily | 5,472 SF | 1953 | - |
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7360-7366 W Manchester Ave
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