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Manchester Apartments 8324 W Manchester Ave 8 Unit Apartment Building $3,934,409 CAD ($491,801 CAD/Unit) 5.32% Cap Rate Playa Del Rey, CA 90293
INVESTMENT HIGHLIGHTS
- 5.32% CAP on Actual | 12.58 GRM
- Seismic Retrofitting Completed
- Long-term hold by current owner since 2005 (20 years)
- LAX Proximity – blocks to the beach, access to West LA and South Bay
EXECUTIVE SUMMARY
8324 W. Manchester Avenue is a well-maintained eight-unit apartment building strategically located in the heart of Playa del Rey, one of Los Angeles’s most desirable coastal communities. Built in 1959, this classic mid-century property sits on a 7,375 SF lot and offers 5,789 SF of living space. The building features a diverse unit mix with studio, one-bed, two-bed and three-bed units, providing comfortable living spaces for long-term residents.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,934,409 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $491,801 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.32% | Building Size | 9,583 SF |
| Gross Rent Multiplier | 12.58 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 1.38/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR3 | ||
| Price | $3,934,409 CAD |
| Price Per Unit | $491,801 CAD |
| Sale Type | Investment |
| Cap Rate | 5.32% |
| Gross Rent Multiplier | 12.58 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 9,583 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | LAR3 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Freezer
- Patio
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $2,874 CAD | - |
| 1+1 | 4 | $2,867 CAD | - |
| 2+1 | 2 | $3,551 CAD | - |
| 3+2 | 1 | $4,270 CAD | - |
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Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 4118-004-007 | Total Assessment | $3,212,626 CAD (2025) |
| Land Assessment | $2,818,103 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $394,523 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4118-004-007
Land Assessment
$2,818,103 CAD (2025)
Improvements Assessment
$394,523 CAD (2025)
Total Assessment
$3,212,626 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Manchester Apartments | 8324 W Manchester Ave
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