1059 South Manhattan Place

Los Angeles, CA 90019

$8,050,000
Last Sold Price
1
Beds
1
Bath
30,164 Sq. Ft.
$267 / Sq. Ft.
30,164
Sq. Ft.
$267
per Sq. Ft.

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

  1. Kenny Stevens Team

    Kenny Stevens Team

    Listing Agent

    Compass

    DRE #01090251

  2. Kenny Stevens

    Kenny Stevens

    Listing Agent

    Compass

    DRE #01090251

Property Details for 1059 South Manhattan Place

Zoning
LAR1
Parcel Number
5080002011
Total Units
43.0
Living Area
30164
Source Living Area
Vendor Enhanced
Area
Hancock Park-Wilshire
Vacancy Rate
0
Lot Size Area
9195

Location

Listing Courtesy of Compass, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251

Sold By Compass, Kenny Stevens, DRE #01090251

Add your commute
LISTING UPDATED: 08/21/2019 12:55 PM

Property Details for 1059 South Manhattan Place

StatusSold
MLS #19-450570
Days on Market30
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.21 AC / 9,195 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251

Sold By Compass, Kenny Stevens, DRE #01090251

Add your commute

Building Information for 1059 South Manhattan Place

Stories4Residences-Year Built1928Building Size-Lot Size0.21 AC / 9,195 SF

Payment Calculator

$52,679 per month

30 year fixed, 7.25% Interest

Principal and Interest

$43,932

Property Taxes

$8,747

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1059 South Manhattan Place

Community / Development
Community / Development
  • Number Of Units: 43
  • Association Amenities: Other
Structure Info
Structure Info
  • Number Of Stories: 4
  • Number Of Buildings: 1
  • Type Of Units: apartments
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Cap Rate: .00%
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 9195
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: See Remarks
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
  • Laundry: See Remarks
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
Lease Terms
Lease Terms
  • Entry Date: 04-03-2019
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1.00
  • Unit Actual Rent: $1.00
  • Unit Projected Rent: $1.00
  • Like Units: 1
Unit 2 Information
  • Unit Furnished: No
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $2,237,242.00
  • Assessed Land Value: $1,177,494.00

Property History for 1059 South Manhattan Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.