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3355 Manning Ave, Los Angeles, CA 90064
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3355 Manning Ave Los Angeles, CA 90064

$7,300,000
  • 36 Beds
  • 19 Baths
  • 17,849 Sq.Ft.
For Sale
$7,300,000 Get Pre-Qualified
Map preview of 3355 Manning Ave, Los Angeles, CA 90064

Property Overview: 3355 Manning Ave Los Angeles, CA has 36 bedrooms, 19 bathrooms, 17,849 living square feet and 22,174 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Jonathan Taksa | BRE #01366169 | Remax Commercial and Investment Realty
Last checked: 6 minutes ago | Last updated: April 9th, 2024 | Source CRMLS | DOM: 26
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Home details

Lot Sq. Ft
22,174
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24374973
City
Los Angeles
County
Los Angeles
Time on Site
33 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 18
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 16
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,284
  • Total Rent: $36,536
  • Pro Forma/Market Rent: $46,320
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,395
  • Total Rent: $2,395
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.43%
  • Gross Rent Multiplier: 14.25
  • Gross Scheduled Income: --
  • Net Operating Income: $323,251
  • Gross Operating Income: $512,172
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 3355 Manning Ave

Interior Features
Heating Information
  • Has Heating
  • Natural Gas, Forced Air
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Disposal, Refrigerator, Gas Cooktop, Gas Oven
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 29
  • Has Parking
  • Parking Features: Assigned, Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 18
  • Parcel Number: 4316032006
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Great West LA location near Cheviot Hills
View more facts & features

Local Los Angeles Agent

Sale History for 3355 Manning Ave

View property's historical transactions

  • April, 2024

  • Apr 1, 2024

    Date

    Active

    CRMLS: 24374973

    $7,300,000

    Price

Tax History for 3355 Manning Ave

Assessed Value (2020): $600,533
Year Land Value Improved Value Assessed Value
2020 $211,828 $388,705 $600,533

Home Value Compared to the Market

This property vs the competition

3355 Manning Ave is listed 495.92% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $408.99 per/sqft which puts the price per square foot 47.16% lower than the median price per square foot for the city of Los Angeles.

About 3355 Manning Ave

Detailed summary of property

3355 Manning Ave is a multi family located in Los Angeles, CA 90064 and is currently for sale. This multi family property offers 36 bedrooms, 19 bathrooms, roughly 17,849 living square feet, and sits on an approximately 22,174 square foot lot. 3355 Manning Ave was first listed on ArdentRealEstateGroup.com on April 1, 2024. The homeowner is currently asking $7,300,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 495.92% higher than the median priced home. Local competing homes currently for sale include 846 N Alta Vista Blvd, 1439 N Curson Ave and 2709 W Pico Blvd. While the average home in Los Angeles, CA is selling in 96 days, 3355 Manning Ave has a days on market of 26 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 3355 Manning Ave Los Angeles, CA 90064 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3355 Manning Ave

Public county record property details
Beds
--
Baths
20
Year built
1956
Sq. Ft.
17,849
Lot Size
22,167
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
11,14
APN
4316-032-006

The source for these homes facts are from public records.

90064 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,849,000
Median List Price/Sq.Ft.
$979
Median Sold Price
$1,521,000
Median Sold Price/Sq.Ft.
$976
Total Inventory
64
Median Sale to List Price %
101.4%
Avg Days on Market
37
Loan Type
Conventional (14.29%), FHA (4.76%), VA (0%), Cash (0%), Other (9.52%)

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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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