408 W Manchester Avenue, Playa Del Rey, California 90293, Playa Del Rey, 90293 - 2 bed, 1 bath

408 W Manchester Avenue, Playa Del Rey, California 90293 home-pic-0
ACTIVE$1,399,000
408 W Manchester Avenue, Playa Del Rey, California 90293
2Beds
1Bath
1,116Sqft
6,000Lot
Year Built
1951
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$1,254
HOA
-
Days on market
-
Sold On
-
MLS number
25536797
Home ConditionFair
Features
Good View: City Lights, Coastline, Pasture
Deck
ViewCity Lights,Coastline,Pasture

About this home

Possibly Over-Priced:The estimated price is 20% below the list price. We found 4 Cons,6 Pros. Rank: price - $1.40M(12th), sqft - 1116(6th), beds - 2(18th), baths - 1(12th).

Welcome to one of Playa Del Rey's best-kept secrets, a charming coastal retreat nestled in the coveted Northwest coastal bluff neighborhood. Just minutes from the beach, scenic bike paths, and the area's top-rated restaurants, this beachside gem blends charm, comfort, and unmatched potential. Sitting on a generous 6,000 sq ft mostly flat lot, the expansive backyard invites endless possibilities: design a show-stopping entertainer's yard or expand the home to fit your lifestyle. Whether you're envisioning a 3-bed/2-bath layout, a full 4/2 expansion, or an ADU addition under SB9 (plans previously submitted), this property is a canvas for your vision. The garage includes a bonus space that could be transformed into a wine cellar, home office, guest suite, or creative studio. The current home features 2 bedrooms, 1 bath, central AC and heat, a spacious deck, mature trees, and a peaceful coastal vibe. Best of all, the home is in livable condition and qualifies for traditional financing. This isn't just a place to live in, it's a place to grow, create, and build. Whether you're a first-time buyer walking into instant equity, a savvy investor seeking long-term upside, or a developer eyeing a high-potential project, this opportunity checks every box. Perfectly situated near Loyola Marymount University (LMU), Whole Foods, LAX, gyms, and Playa Del Rey's renowned dining and shopping options, this property offers the ideal combination of beachside tranquility and urban convenience. Don't miss this rare opportunity to own one of Playa Del Rey's lowest-priced single-family homes west of the 405. Under $1.4M near the coast? You won't find another like it.

Nearby schools

4/10
Paseo Del Rey Natural Science Magnet
Public,K-50.6mi
4/10
Loyola Village Elementary School
Public,K-51.3mi
6/10
Playa Vista Elementary
Public,K-61.7mi
8/10
Coeur D'Alene Avenue Elementary School
Public,K-52.4mi
9/10
Richmond Street Elementary School
Public,K-52.7mi
8/10
Playa Del Rey Elementary School
Public,K-52.7mi
4/10
Orville Wright Engineering And Design Magnet
Public,6-82.4mi
2/10
Marina Del Rey Middle School
Public,6-82.5mi
8/10
El Segundo Middle School
Public,6-83.3mi
4/10
Westchester Enriched Sciences Magnets
Public,9-121.0mi
10/10
El Segundo High School
Public,9-122.7mi
6/10
Venice Senior High School
Public,9-123.0mi

Price History

Date
Event
Price
08/08/25
Sold
$1,400,000
04/28/25
Sold
$1,260,000
05/22/23
Sold
$1,410,000
11/06/17
Sold
$1,121,500
Condition Rating
Fair

Built in 1951, this home is aged but appears to be maintained and is in livable condition, qualifying for traditional financing. However, the kitchen features very outdated white appliances, painted raised-panel cabinets, laminate/tile countertops, and small square tile backsplash, all requiring a full renovation. The bathroom is clean and functional but basic and dated in style. While the property has central AC and hardwood floors in some areas, the overall aesthetic and key areas like the kitchen and bathroom show significant signs of being outdated, necessitating substantial updates to meet current market expectations, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Great Schools: Elementary School: Richmond Street Elementary School (9/10). High School: El Segundo High School (10/10).
Exceptional Coastal Location: Situated in a coveted Northwest coastal bluff neighborhood, offering proximity to beaches, bike paths, top-rated restaurants, LMU, Whole Foods, and LAX, blending tranquility with urban convenience.
Significant Expansion & Development Potential: A generous 6,000 sq ft flat lot provides ample space for home expansion (3-bed/2-bath, 4/2), ADU addition (plans previously submitted), and a versatile bonus garage space.
Competitive Price Point: Positioned as one of Playa Del Rey's lowest-priced single-family homes west of the 405, offering a rare opportunity under $1.4M in a desirable coastal market.
Immediate Livability & Financing Eligibility: The home is in livable condition with central AC/heat and qualifies for traditional financing, making it accessible to a broad range of buyers.
Broad Investor Appeal: Attracts first-time buyers seeking equity, savvy investors for long-term upside, and developers due to its high potential for growth and value creation.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-08-08. The sold price is $1,400,000.00. The property was recently sold within the past year on 2025-04-28. The sold price is $1,260,000.00.
Modest Current Configuration: With only 2 bedrooms and 1 bathroom across 1116 sqft, the current layout is relatively small and may require immediate expansion to suit larger families or modern living preferences.
Age of Property: Built in 1951, the home is older, which could imply a need for updates to infrastructure, systems, or aesthetics to meet contemporary standards, despite being livable.
Potential Valuation Discrepancy: The listing price is notably higher than the automated estimation value, which might suggest a perceived overpricing by some buyers or a need to clearly articulate the value of its development potential.

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