$2,875,000
8324 W Manchester Avenue, Playa Del Rey CA 90293
Multi-Family (8 Units)
Property type
161 days
On market
$497
Price per sqft
N/A
Garage
1959
Year built
7,347 sqft
Lot size
Open Houses
Overview
This is a rare opportunity to acquire an eight-unit apartment complex in Playa del Rey with frontage on Manchester Ave. The area has always demanded premium rents with its proximity to Loyola Marymount University, LAX, and the beach. Additionally, owners have recently replaced the roof, painted the exterior and completed the required soft-story retrofitting.
Listing provided by: Steffan Braunlich DRE #01859098 310-209-3209, Berkadia
Listing updated: May 7, 2026 at 03:37pm.
Last checked: Jun 5, 2026 at 03:00pm
Source: CRMLS #25630919
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 0 | 1 | — | $2,100 | $2,100 | $2,100 | Unfurnished |
| 4 | 1 | 1 | — | $2,159 | $8,635 | $9,290 | Unfurnished |
| 2 | 2 | 1 | — | $2,595 | $5,189 | $6,190 | Unfurnished |
| 1 | 3 | 2 | — | $3,120 | $3,120 | $3,750 | Unfurnished |
# of Buildings: 1
# of Units Total: 8
Financial Snapshot
Gross Rent Multiplier
12.6x
List Price / Annual Gross Rent
Cap Rate
5.32%
NOI / List Price
Vacancy Allowance Rate: 3%
Net Operating Income: $153,088
Interior
Cooling: None
Heating: None
Exterior
Stories Total: 2
Levels: Two
Garage and Parking
Parking: Covered
Parking Total: 0
Lot Information
Land Lease: No
Parcel #: 4118004007
Zoning: LAR3
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 8324 W Manchester Avenue, Playa Del Rey, CA 90293. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,300,000
Total Interest
$2,933,523
Total Payment
$5,233,523
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$17,682
per month
Property History for 8324 W Manchester Avenue
Playa Del Rey Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90293.
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