1220 South Manhattan Place
1220 South Manhattan Place
$1,800,000
10
8
5,166
5,166
$348
Sold 9/19/22
Description
1220 S. Manhattan Place is an 8-unit walk-up apartment building on a palm tree-lined street in Country Club Park. The building is comprised of six (6) 1-bdrm + 1bath units and two (2) 2bdrm + 1 bath units, on a 8,422 sq ft lot. The property boasts a walkscore of 91 (a walker's paradise) and offers tenants easy access to freeways and major employment hubs. The property is minutes away from DTLA, Jefferson Park and West Adams. This is a great opportunity for investors looking for solid returns in an...1220 S. Manhattan Place is an 8-unit walk-up apartment building on a palm tree-lined street in Country Club Park. The building is comprised of six (6) 1-bdrm + 1bath units and two (2) 2bdrm + 1 bath units, on a 8,422 sq ft lot. The property boasts a walkscore of 91 (a walker's paradise) and offers tenants easy access to freeways and major employment hubs. The property is minutes away from DTLA, Jefferson Park and West Adams. This is a great opportunity for investors looking for solid returns in an up-and-coming area.Value-add opportunity, rents are approximately 38% below market compared to renovated units in the area. 2 1B+1BA units will be delivered vacant. - 2 units delivered vacant, - No seismic retrofit required, - 9 parking spaces on-site. Cap rate and GRM assumes both vacant units leased at market rents. Call for an offering memorandum.
Listing Agent
Property Details for 1220 South Manhattan Place
Zoning
LAR1
Parcel Number5080005003
Total Units8.0
Living Area5166
Source Living AreaVendor Enhanced
AreaHancock Park-Wilshire
Vacancy Rate0
Lot Size Area8442
Location
LISTING UPDATED: 09/21/2022 09:57 AM
Property Details for 1220 South Manhattan Place
Status | Sold |
---|---|
MLS # | 22-181815 |
Days on Market | 8 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1958 |
Lot Size | 0.19 AC / 8,442 SF |
County | Los Angeles County |
Location
Virtual Tour
Building Information for 1220 South Manhattan Place
Stories2Residences-Year Built1958Building Size-Lot Size0.19 AC / 8,442 SF
Payment Calculator
$11,722 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1220 South Manhattan Place
Property History for 1220 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 1220 South Manhattan Place
Taxable ValueLand$1,500,000Additions$300,320Total$1,800,320
Tax Record2023$22,789 ($1,899 / month)
Home Facts
Total Finished SqFt5,166 SqFtAbove Grade Finished SqFt5,166 SqFtLot Size8,442 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningLAR1CountyLOS ANGELESAPN5080-005-003
Schools near 1220 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 | ||
Global Education Academy Middle 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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