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204 North Manhattan Place Los Angeles, CA $ 4,600,000
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204 North Manhattan Place
$ 4,600,000
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204 North Manhattan Place

Los Angeles, CA, 90004
$ 4,600,000
Baths0.0 Sq 12,628

Monthly Estimate*

$ 30,573

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $4,600,000. This 12,628 square foot home was built in 1961 on a lot size of 0.33.

Well-maintained 17-unit building cash flowing at an amazing Current Cap Rate of 5.5% and 12.5 GRM from day 1 with an incredible 53% upside to 9.6% Cap Rate and 8.2 GRM on proforma in prime Hancock Park/Larchmont Village area. Attractively priced at only 270k/door and 364/SF with an excellent and large unit mix of 6 (2bed/2bath) units, 2 (2bed/1bath) units, and 9 (1bed/1bath) units including 3 brand-new (1bed/1bath) attached ADUs currently under construction. Additionally, 2 of the units have been completely renovated and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, stainless steel appliances, and major exterior capital improvements. Amenities include a renovated pool and courtyard with seating areas, on-site laundry facilities, secure entry, and covered parking spaces for convenience. Individually metered for gas & electricity with soft-story retrofit already completed. Large 14,364 SF R3 TOC Tier 3 corner lot for future development potential. Located in the heart of Hancock Park just minutes away from Larchmont Village, Koreatown, Hollywood, and Melrose as well as many hip neighborhood attractions, restaurants, bars, and shops such as Wilshire Country Club, Paramount Studios, H Mart, Levain Bakery, Salt & Straw, and Great White, popping up all around the area.

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Multi-Family Active

Price

$ 4,600,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.33

Year Built

1961

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024391961
Features
General
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Zoning LAR3
Year Built 1961
Levels Two
County Los Angeles
Net Operating Income 255433.0
New Construction No
Property Type C
HOA / Comm Assn No
Status Active
City Los Angeles
Buyer Agent Compensation 2.50
Senior Community Y/N No
MLS Area HPK - Hancock Park
Lot Size Square Feet 14319.0
Street Name Manhattan
Standard Status Active
Buyer Agent Compensation Type %
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Interior
Kitchen Appliances Refrigerator
Total Stories 2
Heating Y/N Yes
Street Suffix Place
Total Baths 0
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Exterior
Parking Features Attached Carport
Lot Size Area 14319.0
Building Area Total 12628.0
Lot Size Acres 0.33
Lot Size Units Square Feet
Land Lease Type Fee
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* Excluded Features
List By
Armin Soleimani

Listing Agent

Global Platinum Properties, Inc.

Broker

Affordability Calculator

$30,573
Per Month
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Monthly Principal & Interest
$30,573
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Default based on a 30-year fixed rate of 6.99% 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.
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Nearby
793437 Elementary School
793428 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/14/2024$4,600,000 Listed Price

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204 North Manhattan Place, Los Angeles, CA, 90004 is a Multi-Family Home for sale at $4,600,000 with 12,628 sqft and a lot size of 0.33. 204 North Manhattan Place is a studio with 0.0 baths and was built in 1961. The property's zip code is 90004 which is in Los Angeles, CA

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