Prime Playa del Rey location, 10 min drive to Pacific Ocean. 27% upside in rents. 3.8% cap; 5.2% cap with rents at market. Excellent mix of studios, 1, 2, & 3 bedroom units. 6 units at W Manchester is also available for $2,325,000.
Multi-familyProperty Type
1959Year Built
6,257 sq ftLot Size
$541Price/Sq.Ft.
1 garage spacesParking
Listed by Hamid Soroudi•DRE #00708618
•000-000-0000 (agent)
•hsoroudi@kw.com (agent)
Bought with Manny Archondo•DRE #01373926• Estate Properties
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
9
Baths
7
Stories
—
Lot width
—
Lot depth
—
Lot size
6,259 Sq. Ft.
Year renovated
1959
Sq. Ft.
4,799
Year built
1959
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
4118001003
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 6, 2026.
Apr 23, 2024 • Final
Bldg-alter/repair
Replace the roof on a residential building with a class A or B material over existing solid sheathing. Apply a certified cool roof product as required by local fire hazard and energy efficiency regulations.
Roofing
Jun 23, 2023 • Final
Bldg-alter/repair
Perform a soft-story seismic retrofit. Install new ordinary moment frames and shear walls.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Garage
Garage, Carport
Parking
# of Parking Spaces (Total): 6
Interior
Equipment
Other
Heating & Cooling
Other Cooling
Other Heat
Multi-Unit Income
Gross Income: 153888
Gross Operating Income: $153,888
Net Operating Income: $100,941
Multi-Unit Expenses
Total Annual Expense: $52,947
Multi-Unit Other Financial Information
Rent Control: 100
Cap Rate: 3.8
Gross Rent Multiplier: 17.2
Scheduled Actual: Actual
Multi-Unit Information
Unit Type Type: 1, 2, 3, 4
Type Of Units: S, 1, 2 & 3
# of Buildings: 1
Unit 1 Information
# of Beds: 0
# of Baths: 1.00
Rent: $1,500
Projected Rent: $1,800
Actual Rent: $1,500
# of Units: 1
Unit 2 Information
# of Beds: 1
# of Baths: 1.00
Rent: $1,835
Projected Rent: $2,250
Actual Rent: $1,835
# of Units: 2
Unit 3 Information
# of Beds: 2
# of Baths: 1.00
Rent: $2,342
Projected Rent: $3,000
Actual Rent: $2,342
# of Units: 2
Unit 4 Information
# of Beds: 3
# of Baths: 2.00
Rent: $2,900
Projected Rent: $3,900
Actual Rent: $2,900
# of Units: 1
Exterior
Building Information
Total Floors: 2
Property Information
Property Type: Residential Income
Land Information
Other Structures: None
Lot Information
Lot Size (Sq. Ft.): 6,257
Lot Size (Acres): 0.1436
Zoning: LAR3
Financial
Assessment Information
Assessed Total Value: $1,748,748
Assessed Land Value: $1,304,622
Assessed Land %: 74.6
Assessed Improvement Value: $444,126
Assessed Improvement %: 25.40
Assessor Parcel Number: 4118-001-003
Location
Community Information
# of Units in Complex (Total): 6
Location Information
Directions: N. of Westchester Blvd, W. of Lincoln Blvd
Public facts
Beds: 9
Baths: 7.0
Sq. Ft.: 4,799
Stories: —
Lot Size: 6,259 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1959
Year Renovated: 1959
County: Los Angeles County
APN: 4118001003
Home facts updated by county records on Oct 6, 2026
Other
Documents & Disclosures
Disclosures: None
Around this home
Schools
K - 12
Preschool & daycare
Paseo Del Rey Natural Science Magnet
Public K-5 • Assigned • 0.2mi
5/10
Katherine Johnson STEM Academy
Public 6-8 • Assigned • 0.3mi
7/10
Westchester Enriched Sciences Magnet Health/Sports Medicine
Public 9-12 • Assigned • 0.3mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
The Los Angeles market is becoming more balanced, with buyers gaining a little more negotiating room as homes take longer to sell and price reductions become more common. Well-priced homes in desirable neighborhoods can still attract strong interest....
LA real estate remains resilient, with long-term demand, limited desirable inventory, and strong neighborhood-by-neighborhood opportunities. For savvy buyers and sellers, the current market creates opportunities to negotiate strategically and build...
The LA market is rewarding realistic pricing and good strategy. Buyers have more choices and are taking their time, while sellers who price correctly are still getting results. The days of simply “testing the market” are behind us—in this market,...