$7,300,000 Price Analysis   ♡   Los Angeles, CA 90064 36 bed 19 bath 17,849 SqFt ($408/SqFt) 0.51 acre lot. Built 1956 Listed 2024-04-01, Taxes $10,298 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are pleased to present a prestigious opportunity to acquire a true pride of ownership property in one of the best rental locations in prime West Los Angeles.
* Sale Pending *3355 Manning Avenue, known as Cheviot Lanai, has been lovingly cared for, operated and managed by the same family since it was built by them in 1956. The attractive open courtyard property boasts an ideal unit mix consisting of all large 1, 2 and 3-bedroom units. Each of the units is extremely spacious, has a terrific floor plan and offers an abundance of natural light. The property is an ideal mid-century gem situated on nearly a half acre of land zoned R3. Units feature hardwood floors (select units), sizeable kitchens/bedrooms/bathrooms, large balconies and an in-unit washer and dryer (select units).
The units that do not have a washer and dryer have laundry hookups for them (except the 1-bedroom unit). Other property features include a well landscaped courtyard with a large sparkling pool, copper plumbing, intercom entrance, a pitched roof and ample on-site parking. All soft story retrofit work has been completed by ownership. Close to some of the Westside's best dining and nightlife, this rare offering presents an astute investr with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best pockets of the Westside.
Presented by Jonathan Taksa at
RE MAX Commercial & Investment Realty.
Property MLS #24-374973 from TheMLSCLAW
Full Bathrooms: 19
Gas
Oven-Gas
Heating Features: Natural Gas, Forced Air
Lot Size Source: Assessor
Lot Size Square Feet: 22174
Parking Total: 29
Calculated Total Monthly Association Fees: 0
Number of Units: 18
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 2, 1 SquareFeet: 3500, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 46320, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 2395
County: Los Angeles
Cap Rate: 4.43
Directions: Great West LA location near Cheviot Hills
Source Property Type: Residential Income
Area: Cheviot Hills - Rancho Park
Source Neighborhood: Cheviot Hills - Rancho Park
Parcel Number: 4316-032-006
Postal Code Plus 4: 4867
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $399,678 + $218,302 $617,980 | $10,298 |
| 2021 | $391,842 + $214,022 $605,864 | $10,078 |
| 2020 | $387,825 + $211,828 $599,653 | $10,137 |
| 2019 | $380,221 + $207,675 $587,896 | $9,845 |
| 2018 | $372,766 + $203,603 $576,369 | $9,437 |
| 2017 | $365,457 + $199,611 $565,068 | $9,204 |
| 2016 | $358,292 + $195,698 $553,990 | $8,797 |
| 2015 | $352,911 + $192,759 $545,670 | $8,700 |
| 2014 | $345,998 + $188,984 $534,982 | $8,862 |
| 2013 | $344,435 + $188,130 $532,565 | $8,856 |
| 2012 | $337,682 + $184,442 $522,124 | $8,965 |
| 2010 | $331,061 + $180,826 $511,887 | $8,666 |
| 2009 | $329,368 + $179,902 $509,270 | $8,374 |
| 2009 | $328,587 + $179,475 $508,062 | $8,374 |
| 2008 | $322,910 + $176,375 $499,285 | $8,102 |
| 2007 | $316,579 + $172,917 $489,496 | $7,790 |
$7,300,000
TheMLSCLAW
Listing removed 2014-05-09
$1,950
WestsideRentals
Listed for rent 2014-05-03
$1,950
WestsideRentals
Year Built: 1956
Levels: One Level
Living Area Source: Assessor
Property Age: 68
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.