1059 South Manhattan Place
1059 South Manhattan Place
$8,050,000
1
1
30,164
30,164
$267
Sold 7/31/19
Description
Excellent Koreatown location, this building offers 43 units (4 of the 31 studio units listed are actually bachelor units) with a 12.45 GRM on current rents, a 10.14 GRM on market rents. The building is master metered for gas and electric (which allows the owner to increase rents by 6% come July 1st!). The building boasts a 4.55 cap on current rents with the potential to reach a 6.32 cap on market. Building will have 4 vacancies by June 7th 2019.Excellent Koreatown location, this building offers 43 units (4 of the 31 studio units listed are actually bachelor units) with a 12.45 GRM on current rents, a 10.14 GRM on market rents. The building is master metered for gas and electric (which allows the owner to increase rents by 6% come July 1st!). The building boasts a 4.55 cap on current rents with the potential to reach a 6.32 cap on market. Building will have 4 vacancies by June 7th 2019.
Listing Agents
Property Details for 1059 South Manhattan Place
Zoning
LAR1
Parcel Number5080002011
Total Units43.0
Living Area30164
Source Living AreaVendor Enhanced
AreaHancock Park-Wilshire
Vacancy Rate0
Lot Size Area9195
Location
LISTING UPDATED: 08/21/2019 12:55 PM
Property Details for 1059 South Manhattan Place
Status | Sold |
---|---|
MLS # | 19-450570 |
Days on Market | 30 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1928 |
Lot Size | 0.21 AC / 9,195 SF |
County | Los Angeles County |
Location
Building Information for 1059 South Manhattan Place
Stories4Residences-Year Built1928Building Size-Lot Size0.21 AC / 9,195 SF
Payment Calculator
$52,679 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1059 South Manhattan Place
Property History for 1059 South Manhattan Place
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1059 South Manhattan Place
Taxable ValueLand$6,307,071Additions$2,161,815Total$8,468,886
Tax Record2023$104,958 ($8,747 / month)
Home Facts
Total Finished SqFt30,164 SqFtAbove Grade Finished SqFt30,164 SqFtLot Size9,196 SqFtStyleMulti-Family Res (5+ Units)Year Built1928ZoningLAR1CountyLOS ANGELESAPN5080-002-011
Schools near 1059 South Manhattan Place
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Los Angeles Elementary School PublicK to 5 | ||
Pio Pico Middle School Public6 to 8 | ||
Los Angeles Senior High School Public9 to 12 | ||
Magnolia Science Academy 6 School Charter6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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