3355 Manning Avenue Los Angeles, CA $ 7,300,000
3355 Manning Avenue
$ 7,300,000
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3355 Manning Avenue

Los Angeles, CA, 90064
$ 7,300,000
Bedrooms36 Baths19.0 Sq 17,849

Monthly Estimate*

$ 50,993

Listed by Remax Commercial and Investment Realty
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Multi-Family Home for sale in Los Angeles, CA

for $7,300,000 with 36 bedrooms and 19 full baths. This 17,849 square foot home was built in 1956 on a lot size of 0.509.

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. 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 beautiful 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), spacious 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 investor 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.

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Multi-Family Active

Price

$ 7,300,000

Bedrooms

36

Full Bath

19

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.509

Year Built

1956

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24374973

Days on Market

30

Features
General
Heating ForcedAir NaturalGas
Appliances GasCooktop Disposal GasOven Refrigerator
Zoning LAR3
Year Built 1956
Stories 1
Levels One
Gross Income 509172.0
County Los Angeles
Net Operating Income 323251.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Great West LA location near Cheviot Hills
City Los Angeles
View Y/N N
Senior Community Y/N N
Total Units 18
MLS Area C08 - Cheviot Hills/Rancho Park
Lot Size Square Feet 22174.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Manning
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 8
Standard Status Active
Year Built Source Assessor
Cap Rate 4.43
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Interior
Flooring Wood
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Avenue
Total Bedrooms 36
Electric On Property Y/N N
Total Baths 19
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Exterior
Parking Features Assigned Covered
Total Parking 29.0
Lot Size Area 22174.0
Number of Buildings 1
Spa N
Building Area Total 17849.0
Lot Size Acres 0.509
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 3355
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* Excluded Features
List By
Remax Commercial And Investment Realty

Broker

(424) 672-8220

Phone

Affordability Calculator

$50,993
Per Month
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Monthly Principal & Interest
$50,993
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/1/2024$7,300,000 Listed Price

Map


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3355 Manning Avenue, Los Angeles, CA, 90064 is a Multi-Family Home for sale at $7,300,000 with 17,849 sqft and a lot size of 0.509. 3355 Manning Avenue has 36 bedrooms, 19.0 baths, and was built in 1956. The property's zip code is 90064 which is in Los Angeles, CA