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1575 N Manning Avenue

Los Angeles, CA 90024
  • $2,850,000
  • STATUS: Active
  • ON SITE: 92 Days
  • ID#: SR21161155
UPDATED: 23 min ago
$2,850,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,138
    SQFT
  • $689
    $/SQFT
Type:
Multi-Family
Built:
1947
County:

School Ratings & Info

Description

1575 Manning Avenue is a charming triplex located in the highly coveted Westwood neighborhood of Los Angeles. This investment opportunity presents an ideal income property for either an owner-user, or an investor looking to acquire a rare value-add asset. This is a rare offering in that ALL units are fully furnished! The property is comprised of three units in a two-story building built in 1947. This building totals +/- 4,138 square feet and is constructed of wood frame, pitched roof, and a painted stucco exterior. The building is situated on a spacious lot with rear yard & patio zoned LAR3 totaling +/- 6,500 square feet.All three units have been completely restored offering hardwood flooring, granite countertops, stainless appliances, and newer kitchen cabinets in two of the units. The buildings unit-mix is comprised of 1 two-bedroom/one-bathroom unit, and 2 three-bedroom/two-bathroom units. The buildings design is traditional-style architecture, and the property is perfectly situated in one of the most desirable sub-markets of Los Angeles just minutes away from Westwood Village. As a bonus the property offers potential for multiple ADUs and we have a preliminary study ready for review. Westwood Village, immediately adjacent to UCLA, is an iconic district of Los Angeles with historic points of interest that have made the village a famous destination since 1929. Cultural attractions include the Hammer Museum and Geffen Playhouse. Westwood is also the home to the UCLA Botanical Gardens as well as the famous Fox Village Theatre. The location is adjacent to other prime affluent areas including Beverly Hills, West L.A. and Century City! Property Highlights: All 3 Units are fully renovated | All units delivered furnished at close of escrow | Potential for multiple ADUs | Charming 40s architecture | Prime Westwood location | Nice 6,500 SF Lot/Zoned LAR3 with rear yard and patio area | Two enclosed 2 car garages & 4 uncovered parking spaces

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Based on information from CRISNet MLS as of 2021-10-23T19:56:11.76. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2021-10-23T19:56:11.76. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.trulinerealty.com/homes/119601666
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1575 N Manning Avenue Los Angeles, CA 90024

  • Price: $2,850,000
  • Status: Active
  • Updated: 23 min ago
  • ID#: SR21161155
0
Beds
0
Baths
0
½ Baths
0.15
Acres
4,138
SQFT
$689
$/SQFT
1947
Built
Neighborhood:
C05 - Westwood - Century City
County:
Los Angeles
Area:
C05 - Westwood - Century City
Property Description
1575 Manning Avenue is a charming triplex located in the highly coveted Westwood neighborhood of Los Angeles. This investment opportunity presents an ideal income property for either an owner-user, or an investor looking to acquire a rare value-add asset. This is a rare offering in that ALL units are fully furnished! The property is comprised of three units in a two-story building built in 1947. This building totals +/- 4,138 square feet and is constructed of wood frame, pitched roof, and a painted stucco exterior. The building is situated on a spacious lot with rear yard & patio zoned LAR3 totaling +/- 6,500 square feet.All three units have been completely restored offering hardwood flooring, granite countertops, stainless appliances, and newer kitchen cabinets in two of the units. The buildings unit-mix is comprised of 1 two-bedroom/one-bathroom unit, and 2 three-bedroom/two-bathroom units. The buildings design is traditional-style architecture, and the property is perfectly situated in one of the most desirable sub-markets of Los Angeles just minutes away from Westwood Village. As a bonus the property offers potential for multiple ADUs and we have a preliminary study ready for review. Westwood Village, immediately adjacent to UCLA, is an iconic district of Los Angeles with historic points of interest that have made the village a famous destination since 1929. Cultural attractions include the Hammer Museum and Geffen Playhouse. Westwood is also the home to the UCLA Botanical Gardens as well as the famous Fox Village Theatre. The location is adjacent to other prime affluent areas including Beverly Hills, West L.A. and Century City! Property Highlights: All 3 Units are fully renovated | All units delivered furnished at close of escrow | Potential for multiple ADUs | Charming 40s architecture | Prime Westwood location | Nice 6,500 SF Lot/Zoned LAR3 with rear yard and patio area | Two enclosed 2 car garages & 4 uncovered parking spaces
Exterior Features

Levels Two Lot Features Back YardGardenLot 6500-9999 Lot Size Area 6500.0000 Parking Total 6.00 Road Frontage Type City Street Road Surface Type Paved Uncovered Spaces 4.00 View Neighborhood View YN Yes

Interior Features

Appliances Gas RangeMicrowave Appliances YN Yes Common Walls 2+ Common Walls Fireplace Features None Fireplace YN No Flooring CarpetTileWood Laundry Features Common Area Laundry YN Yes

Property Features

Additional Parcels YN No Community Features BikingHikingParkSidewalksStreet Lights Electric Expense 0.00 Fuel Expense 0.00 Gross Income 133680.00 Gross Multiplier 21.32 Gross Scheduled Income 133680.00 Insurance Expense 2069.00 Land Lease YN No Net Operating Income 91976.00 New Construction YN Yes New Taxes Expense 35625.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 37694.00 Pool Features None Pool Private YN No Property Attached YN Yes Property Condition Turnkey Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Spa Features None Spa YN No Special Listing Conditions Standard Total Expenses 37694.00 Trash Expense 0.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 0.00 Water Source Public Zoning Lar3

Listing provided courtesy of Raymond Rodriguez, CA DRE# 01402283, of Keller Williams Realty Calabasas.


Based on information from CRISNet MLS as of 2021-10-23T19:56:11.76. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2021-10-23T19:56:11.76. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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TruLine Realty
2999 Overland Ave., Suite 116
Los Angeles CA, 90064