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For SaleLuxury

$1,995,000

3,530 sqft$565/sqft88 days on market

1581 Manning Avenue

Los Angeles, CA 90024

· 8% down, 7% APR, 30yr fixed

4

Beds

5

Baths

3,530

Square feet

1952

Built

Listing narrative

Description

A rare combination of architectural character, privacy, and investment potential in prime Westwood. Set on an up-sloping lot, this classic mid-century four-unit property features a unique staggered design, with each residence positioned on its own level, creating an uncommon sense of separation and privacy. The favorable unit mix includes two spacious one-bedroom residences, one single, and an expansive two-bedroom, two-bathroom "Owner's Unit" with private backyard. Tastefully remodeled with modern finishes, the Owner's Unit features an open-concept kitchen, recessed lighting, distinctive wraparound brick fireplace, and central HVAC. Throughout the property, large windows provide abundant natural light, original hardwood floors have been beautifully maintained, and each of the four units enjoys its own in-unit laundry. The other residences feature individual window/wall A/C units. Four enclosed garage spaces plus additional tandem parking provide excellent convenience, while a brand-new roof represents an important recent improvement. Fully occupied and situated in a quiet residential neighborhood just moments from UCLA and an extensive collection of nearby shops, restaurants, cafes, and amenities, the property benefits from exceptionally strong and stable rental demand. Current rents offer approximately 23% future upside, creating an attractive opportunity for both owner-users and investors. Stylish, spacious, private, and incredibly well located, 1581 Manning Avenue is a compelling Westwood multifamily offering with meaningful long-term upside. * Buyer to independently verify the feasibility of recovering possession of the "Owner's Unit" for owner occupancy. With 100% occupancy and ease of management, this asset is ideally suited for a 1031 Exchange or portfolio expansion.

Listing agent (MLS): Allen Roth · Listing brokerage (MLS): Sotheby's International Realty

Property Details

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Price

$1,995,000

Beds

4 bd

Type

House

Home Size

3,530 sqft

Baths

5

Lot Size

0.15 acres

Year

1952

Status

For Sale

Days on Market

88

$ / Sqft

$565

· 8% down, 7% APR, 30yr fixed
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Courtesy of Sotheby's International Realty