1581 Manning Avenue
Los Angeles, CA, 90024 $ 1,995,000
Bedrooms4 Baths5.0 Sq 3,530 Monthly Estimate*
$ 12,597
Listed by Sotheby's International Realty
for $1,995,000 with 4 bedrooms and 5 full baths. This 3,530 square foot home was built in 1952 on a lot size of 0.1492.
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.
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FeaturesGeneralLiving Area 3530
Sewer Other
Heating Central Fireplace(s) Wall Furnace
Cooling Central Air Wall/Window Unit(s)
Roof Composition Shingle
Appliances Dishwasher Gas Cooktop Refrigerator Dryer Washer
Zoning LAR3
Garage Spaces 4
Architectural Style Mid-Century Modern
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Year Built 1952
Tenant Pays Cable TV Electricity Gas Insurance
View None
Levels Multi/Split
Gross Income 101899
County Los Angeles
Net Operating Income 61599.2
New Construction false
Property Type Residential Income
HOA false
Attached Garage true
Facing Direction East
Garage Y/N true
Full Baths 0
Special Listing Conditions Standard
Status Active
Buyer Financing Cash
Directions North of Santa Monica Blvd south of Wilshire Blvd.
City Los Angeles
Senior Community Y/N false
Open Parking Spaces 4
Number Of Units Total 4
MLS Area C05 - Westwood - Century City
Lot Size Units Square Feet
Lot Size Square Feet 6499
Carport Spaces 4
Carport Y/N true
Spa Features None
Property Condition Updated/Remodeled
Rent Control Y/N true
Standard Status Active
Cap Rate 3.08
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InteriorFlooring Carpet Tile Wood
Fireplace Features Living Room
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 4
Total Baths 5
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ExteriorParking Features Assigned Covered Driveway
Total Parking 8
Lot Size Area 6499
Number of Buildings 1
Spa false
Building Area Total 3530
Lot Size Acres 0.1492
Private Pool false
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* Excluded FeaturesList BySotheby's International RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $12,597
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,841,904
Percent of Sale Price 8%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/12/2026 | $1,995,000 | | Listed Price |