409 S Manhattan Pl

Los Angeles, CA 90020

$5,400,000
Price
3
Beds
31
Baths
19,108 Sq. Ft.
$283 / Sq. Ft.
19,108
Sq. Ft.
$283
per Sq. Ft.
a view of a building with street
a view of street with parking
a front view of a building with street view
a view of a house with a patio
a view of balcony with furniture
a balcony with table and chairs
a balcony with table and chairs
a view of a house with a balcony
a view of an outdoor space with porch
an empty room with wooden floor and windows
a white refrigerator freezer sitting inside of a kitchen
a bathroom with a sink and a mirror
a bathroom with a toilet

Description

409 S Manhattan Pl is an apartment community constructed in 1957. Situated in the neighborhood of Koreatown, Los Angeles, the property consists of (11) Studio/One-Bath units, (16) One-Bed/One-Bath units, and (2) Two-Bed/Two Bath units, totaling an average of 538 square feet each. Units are individually metered for gas and electricity and parking consists of tuck under spaces in the front and rear of the property. The property is fully secured and is a two-story wood frame and stucco structure with...409 S Manhattan Pl is an apartment community constructed in 1957. Situated in the neighborhood of Koreatown, Los Angeles, the property consists of (11) Studio/One-Bath units, (16) One-Bed/One-Bath units, and (2) Two-Bed/Two Bath units, totaling an average of 538 square feet each. Units are individually metered for gas and electricity and parking consists of tuck under spaces in the front and rear of the property. The property is fully secured and is a two-story wood frame and stucco structure with a pool in the courtyard and the soft story retrofitting has been completed. Also available with 411 and 415 S. Alexandria Avenue, totaling 54 Units.
  1. Listed by Brent Sprenkle • DRE #01290116 • Brokerage DRE #01858487 • NorthMarq Realty Services, Inc • 310-621-8221

Property Details for 409 South Manhattan Place

Parking Spaces Total
25
Private Pool
No
Total Units
29.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
19108
Assessor Parcel Number
5503-016-002
Property Attached YN
true
LISTING UPDATED: 11/05/2025 08:46 AM

Property Details for 409 South Manhattan Place

StatusActive
MLS #OC25254479
Days on Market39
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1957
CountyLos Angeles County

Location

Listing Courtesy of NorthMarq Realty Services, Inc, Brent Sprenkle, DRE #01290116
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Building Information for 409 South Manhattan Place

Building/Complex409 S Manhattan PlFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1957Building Size-

Payment Calculator

$29,317 per month

30 year fixed, 6.28% Interest

Principal and Interest

$26,683

Property Taxes

$2,634

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 409 South Manhattan Place

Income / Expense / Tax Details
Income Details
  • Gross Income: $544,994
  • Gross Scheduled Income: $546,780
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $303,948
  • Gross Multiplier: 9.88
  • Cap Rate: 5.63
Expense Details
  • Operating Expense: $226,482
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $226,482
Tax / Assessment Info
  • Tax Tract Number: 67
  • CFD/Mello-Roos Fee: $3,157
  • Tax Lot: 97
Community / Development
Community / Development
  • Community Features: Biking, Curbs, Dog Park, Hiking, Park, Sidewalks, Storm Drains, Street Lights, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: 1
  • Pool Features: Community
  • Pool: Community/Common
  • Pool Heat: Community/Common
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 29
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: None
  • Sewer: None
  • Water Source: None
Parking Info
  • Garage Spaces: 25
  • Parking Garage Spaces: 25
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 11
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 25
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,388
  • Unit Type Total Rent: $15,267
  • Unit Type Pro Forma: 16225
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 16
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,607
  • Unit Type Total Rent: $25,719
  • Unit Type Pro Forma: 30400
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,215
  • Unit Type Total Rent: $4,430
  • Unit Type Pro Forma: 5000
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 29
  • Number Of Separate Gas Meters: 29
  • Number Of Separate Water Meters: 0

Property History for 409 South Manhattan Place

DateEvent & SourcePriceAppreciation
Nov 5, 2025

Listed (Active)

SDMLS #OC25254479

$5,400,000—
Nov 5, 2025

Listed (Active)

CLAW #OC25254479MR

$5,400,000—
Nov 5, 2025

Listed (Active)

CRMLS #OC25254479

$5,400,000—
Dec 28, 2001

Sold (Public Record)

Public Record #82338558

$835,000

+74.5% / yr

Oct 29, 1999

Sold (Public Record)

Public Record #68370776

$250,000—
Oct 29, 1999

Sold (Public Record)

Public Record #68370775

$1,120,000—
DateEvent & SourcePrice
11/05/2025

Listed (Active)

SDMLS #OC25254479

$5,400,000
11/05/2025

Listed (Active)

CLAW #OC25254479MR

$5,400,000
11/05/2025

Listed (Active)

CRMLS #OC25254479

$5,400,000
12/28/2001

Sold (Public Record)

Public Record #82338558

$835,000

+74.5% / yr

10/29/1999

Sold (Public Record)

Public Record #68370776

$250,000
10/29/1999

Sold (Public Record)

Public Record #68370775

$1,120,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 409 South Manhattan Place

Taxable ValueLand$1,477,295Additions$896,714Total$2,374,009
Tax Record2025$31,614 ($2,634 / month)
Home Facts
Total Finished SqFt19,108 SqFtAbove Grade Finished SqFt19,108 SqFtLot Size18,035 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningLAR4CountyLOS ANGELESAPN5503-016-002

Schools near 409 South Manhattan Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Wilshire Park Elementary School
Public - K to 5
Magnolia Science Academy 6 School
Charter - 6 to 8
Los Angeles Senior High School
Public - 9 to 12
Vista Horizon Global Academy
Charter - K to 5
Rating
School
Distance
Wilshire Park Elementary School
PublicK to 5

Magnolia Science Academy 6 School
Charter6 to 8

Los Angeles Senior High School
Public9 to 12

Vista Horizon Global Academy
CharterK to 5

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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More information about 409 South Manhattan Place, Los Angeles, CA 90020

409 South Manhattan Place is a multi-family home for sale in Los Angeles, CA 90020. This property was listed for sale on November 5, 2025 by NorthMarq Realty Services, Inc, it's currently listed at $5,400,000. It has been on the market for a total of 39 days and was last sold on December 28, 2001. This listing's school district is Los Angeles Unified School District. Nearby schools include Wilshire Park Elementary School, Magnolia Science Academy 6 School and Los Angeles Senior High School. 409 South Manhattan Place is a 3-bed, 31-bath, 19,108 sqft multi-family home built in 1957.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NorthMarq Realty Services, Inc, Brent Sprenkle, DRE #01290116

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.