442 Manitoba St Playa Del Rey , CA 90293
Active
$2,129,000
3%
2 Units
6 Beds
6 Baths
3,120 Area(sq.ft.)
5,003 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 3 | No | $ 5,000 | n/a | $ 5,000 |
| Unit 2 | 1 | 3 | 3 | No | $ 5,000 | $ 4,750 | $ 4,750 |
| 2 | 2 | 6 | 6 | $ 10,000 | $ 4,750 | $ 9,750 |
| MLS #: | 24-427261 |
| Days On Market: | 120 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 682 |
| Price per unit: | $ 1,064,500 |
| Year Built: | 1962 |
Property Details
Just two blocks from the ocean, this property offers an unbeatable location close to the beach, downtown Playa Del Rey, and a variety of popular local restaurants. The front unit, currently vacant, is ideal for owner occupancy includes high-end custom finishes. Additionally, its 3-bed/3-bath layout makes the unit perfect for families. Both units were refreshed in 2015, with new water heaters, lighting fixtures, roofing, and central heating/air conditioning. Each unit comes with stainless steel appliances, in-unit washers/dryers, and private outdoor spaces. The property also features a detached two-car garage for each unit, with the potential to convert into an additional dwelling unit (ADU) for additional passive income. The quiet neighborhood also has a close-knit feel with a strong sense of community making it a hidden gem within Los Angeles. A brand new 31-acre park, Lulu's Place, is currently under construction just blocks away, featuring tennis courts, soccer fields, playgrounds, a dog park, and scenic walking paths. The property is also conveniently located near major aerospace employers in El Segundo and Hawthorne, as well as the tech hub of Silicon Beach, Culver City, and Marina Del Rey.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 113,490 |
| Total Annual Expense: | $ 38,840 |
| Net Operating Income: | $ 74,650 |
| Gross Annual Income: | $ 117,000 |
| Gross Rent Multiplier: | 18.80 |
Structure
| Type of Units: | 3+3 |
| Buildings: | 2 |
| Levels: | Multi/Split |
Land & Parking
| Zoning: | LAR2 |
| Parking Garage: | Garage, Uncovered |
Interior
| AC/Cooling: | Air Conditioning |
| Equipment: | Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Refrigerator, Washer |
| Heating: | Central |
| Laundry: | In Closet, In Unit, Inside |
| Laundry Equipment: | Own |
Exterior
Detailed Map
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