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1517 W Manchester Ave, Los Angeles, CA 90047
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1517 W Manchester Ave Los Angeles, CA 90047

$855,000 Sold Price as of 04/08/2019
  • 6 Beds
  • 6 Baths
  • 4,118 Sq.Ft.
Sold
$855,000 Sold Price as of 04/08/2019 Refinance Your Mortgage
Map preview of 1517 W Manchester Ave, Los Angeles, CA 90047

Property Overview: 1517 W Manchester Ave Los Angeles, CA has 6 bedrooms, 6 bathrooms, 4,118 living square feet and 5,912 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer a six (6) unit multifamily investment offering, located in the City of Los Angeles (subject to rent control ordinance). The unit mix consists of two (2) 0+1, two (2) 1+1 and two (2) 2+1 units with an approximate 4,118 rentable square feet situated on a 5,912 square foot parcel. Upgrades to the property include new exterior paint and trim (2018), rebuilt side-yard wood stair case (2018), new exterior landscaping (2018), and the City of Los Angeles Soft-Story Retrofit Requirement is currently in the process of being completed at the current owner's expense. Building amenities include a wrought iron gate for secured entry, aluminum windows, four (4) tuck under parking spaces with additional three (3) uncovered spaces, and the property is separately metered both for gas & electricity.

Listed by Ian Hollinger | BRE #01889125 | BRC Advisors- BH
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft
5,912
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19431970
City
Los Angeles
County
Los Angeles
Time on Site
1223 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $982
  • Total Rent: $982
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,174
  • Total Rent: $1,174
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $906
  • Total Rent: $906
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $959
  • Total Rent: $959
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $682
  • Total Rent: $682
  • Pro Forma/Market Rent: $1,200
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $679
  • Total Rent: $679
  • Pro Forma/Market Rent: $1,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.9%
  • Gross Rent Multiplier: 13.31
  • Gross Scheduled Income: --
  • Net Operating Income: $42,138
  • Gross Operating Income: $63,335
  • Improvements Total: $181,221
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1517 W Manchester Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • No Laundry
  • None
Kitchen Information
  • No Appliances
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Carport, Covered, Uncovered, Street, Side by Side
Property Information
  • Total # of Units: 6
  • Parcel Number: 6034029035
Location / Neighborhood
Location Information
  • Directions: The property is South of Florence Avenue, North of Century Boulevard, West of Normandie Avenue and East of Western Avenue.
View more facts & features

Local Los Angeles Agent

Sale History for 1517 W Manchester Ave

Last sold for $855,000 on April 8th, 2019

  • April, 2019

  • Apr 8, 2019

    Date

    Sold

    CRMLS: 19431970

    $855,000

    Price

  • Feb 28, 2019

    Date

    Pending

    CRMLS: 19431970

    $860,000

    Price

  • Feb 7, 2019

    Date

    Active

    CRMLS: 19431970

    $860,000

    Price

  • April, 2019

  • Apr 8, 2019

    Date

    Sold (Public Records)

    Public Records

    $855,000

    Price

  • March, 2019

  • Mar 16, 2019

    Date

    Expired

    CRMLS: 19420354

    $875,000

    Price

  • Feb 7, 2019

    Date

    Withdrawn

    CRMLS: 19420354

    $875,000

    Price

  • Jan 7, 2019

    Date

    Active

    CRMLS: 19420354

    $875,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer a six (6) unit multifamily investment offering, located in the City of Los Angeles (subject to rent control ordinance) . The unit mix consists of two (2) 0+1, two (2) 1+1 and two (2) 2+1 units with an approximate 4,118 rentable square feet situated on a 5,912 square foot parcel. Upgrades to the property include new exterior paint and trim (2018), rebuilt side-yard wood stair case (2018), new exterior landscaping (2018), and the City of Los Angeles Soft-Story Retrofit Requirement is currently in the process of being completed at the current owner's expense. Building amenities include a wrought iron gate for secured entry, aluminum windows, four (4) tuck under parking spaces with additional three (3) uncovered spaces, and the property is separately metered both for gas & electricity.

  • February, 2019

  • Feb 1, 2019

    Date

    Expired

    CRMLS: 18402126

    $899,000

    Price

  • Nov 28, 2018

    Date

    Withdrawn

    CRMLS: 18402126

    $899,000

    Price

  • Oct 30, 2018

    Date

    Active

    CRMLS: 18402126

    $899,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer a six (6) unit multifamily investment offering, located in the City of Los Angeles (subject to rent control ordinance) . The unit mix consists of two (2) 0+1, two (2) 1+1 and two (2) 2+1 units with an approximate 4,118 rentable square feet situated on a 5,912 square foot parcel. Upgrades to the property include new exterior paint and trim (2018), rebuilt side-yard wood stair case (2018), new exterior landscaping (2018), and the City of Los Angeles Soft-Story Retrofit Requirement is currently in the process of being completed at the current owner's expense. Building amenities include a wrought iron gate for secured entry, aluminum windows, four (4) tuck under parking spaces with additional three (3) uncovered spaces, and the property is separately metered both for gas & electricity.

  • December, 2017

  • Dec 1, 2017

    Date

    Sold (Public Records)

    Public Records

    $770,000

    Price

Show More

Tax History for 1517 W Manchester Ave

Assessed Value (2020): $872,100
Year Land Value Improved Value Assessed Value
2020 $612,000 $260,100 $872,100

Home Value Compared to the Market

This property vs the competition

1517 W Manchester Ave sold on April 8, 2019 for 27.73% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $208.84 per/sqft which puts the price per square foot 72.34% lower than the current median sale per square foot for the city of Los Angeles.

About 1517 W Manchester Ave

Detailed summary of property

1517 W Manchester Ave is a multi family that recently sold in Los Angeles, CA 90047. This multi family property offered 6 bedrooms, 6 bathrooms, roughly 4,118 living square feet, and sits on an approximately 5,912 square foot lot. 1517 W Manchester Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $855,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 27.73% lower than the current median priced home. Local homes that are currently for sale include 901 W 83rd St, 9128 Menlo Ave and 538 W 97th St. While the average home in Los Angeles, CA is selling in 92 days, 1517 W Manchester Ave has a days on market of 22 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1517 W Manchester Ave Los Angeles, CA 90047 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1517 W Manchester Ave

Public county record property details
Beds
6
Baths
6
Year built
1956
Sq. Ft.
4,118
Lot Size
5,912
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
739
APN
6034-029-035

The source for these homes facts are from public records.

90047 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$760,000
Median List Price/Sq.Ft.
$555
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$559
Total Inventory
80
Median Sale to List Price %
94.29%
Avg Days on Market
35
Loan Type
Conventional (26.32%), FHA (10.53%), VA (5.26%), Cash (26.32%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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