1621 Manning ave, Westwood, CA 90024
Active
$2,475,000
7%
3 Units
4 Beds
4 Baths
2,791 Area(sq.ft.)
Lot: 6,465 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | $ 5,500 | n/a | $ 5,500 |
| Unit 2 | 2 | 1 | 1 | No | $ 2,183 | $ 1,516 | $ 5,700 |
| 3 | 4 | 4 | $ 9,866 | $ 3,032 | $ 16,900 |
| MLS #: | 25515629 |
| Days On Market: | 257 |
| Listing Date: | March 24, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 887 |
| Price per unit: | $ 825,000 |
| Year Built: | 1948 |
Property Details
***$175,000 price reduction*** Opportunities like this don't come around often. Nestled on a quiet, tree-lined street in one of LA's most prestigious neighborhoods, 1621 Manning Avenue is a rare find, a classic Westwood triplex with incredible owner-user potential, timeless character, and a location that puts you minutes from everything. Set atop a gentle hill, the property exudes charm from the moment you arrive. The lush front yard is beautifully landscaped with mature trees providing ample shade, vibrant floral arrangements, and manicured shrubs that create a serene, private setting. The VACANT owner's unit, a spacious 2-bdrm. and 2-bath home, features wood flooring, large bay windows, and French doors that flood the interiors with natural light, making the space feel even more expansive. At the rear, 2 well-sized 1-bdrm. and 1-bath units each feature private patios or balconies, offering added outdoor space for tenants. Please note, 1 of the 1-bdrm. units is VACANT. A 2-car enclosed garage, a 1-car enclosed garage, and a large surface parking area provide ample parking. Westwood is synonymous with prestige, safety, and convenience. Located within the coveted Fairburn School District, the property is just minutes from UCLA, Westfield Century City, Beverly Hills, and the high-powered financial, law, and entertainment firms that line Wilshire Blvd. The neighborhood attracts a strong tenant base of professionals who appreciate the suburban feel while being in the heart of West LA. With two units delivered vacant, including the front owner's unit, this is a prime opportunity for an owner-occupant or investor seeking a trophy asset in one of Los Angeles' safest and most desirable neighborhoods.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes, 100% |
| Vacancy Rate: | 67% |
| Gross Operating Income: | $ 115,432 |
| Total Annual Expense: | $ 42,823 |
| Net Operating Income: | $ 72,610 |
| Gross Annual Income: | $ 118,392 |
| Gross Rent Multiplier: | 20.91 |
Structure
| Type of Units: | Triplex |
| Buildings: | 2 |
| Levels: | Two |
| Security Features: | None |
| Style: | Mid-Century |
| View Description: | None |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Garage - 1 Car, Garage - 2 Car, Uncovered, Shared Driveway |
Interior
| AC/Cooling: | Ceiling Fan |
| Equipment: | Ceiling Fan, Range/Oven, Dishwasher, Washer, Dryer |
| Heating: | Wall |
| Laundry: | In Unit, Community |
Exterior
Detailed Map
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