1511 South Manhattan Place

Los Angeles, CA 90019

$3,050,000
Price
12
Beds
10
Baths
8,700 Sq. Ft.
$351 / Sq. Ft.
8,700
Sq. Ft.
$351
per Sq. Ft.

Description

Explore this must-see property showcasing a fully renovated and elegantly designed interior. The residence is comprised of a gated two-story building at the front of the property and another two story building at the rear. The primary building offers two units, one on each floor level, providing a total of 12 bedrooms and 10 bathrooms. Ample parking spaces, up to 20 gated spots, are available at the front and rear of the building. The secondary two-story building in the back features ground-level...Explore this must-see property showcasing a fully renovated and elegantly designed interior. The residence is comprised of a gated two-story building at the front of the property and another two story building at the rear. The primary building offers two units, one on each floor level, providing a total of 12 bedrooms and 10 bathrooms. Ample parking spaces, up to 20 gated spots, are available at the front and rear of the building. The secondary two-story building in the back features ground-level garages for six cars, with the second floor boasting four bedrooms and two bathrooms. This property presents a fantastic opportunity for someone wanting to acquire fully renovated units that can generate rental income. The property is currently being used as a rental with Airbnb, which is showing to be much more lucrative when compared to traditional lease number. Meticulously maintained and completely remodeled, this building is highly recommended for astute investors. The total lot size is 13,150 square feet, with the buildings taking up 8,700 square feet (with the main building at 7,150 square feet and the second building at 1,550 square feet).
  1. Listed by Helen B. Kim • DRE #01775058 • Brokerage DRE #01908279 • Mokins Realty, Inc.

Property Details for 1511 South Manhattan Place

Zoning
LAR2
Style
Unknown
Parcel Number
5073009002
Total Units
2.0
Living Area
8700
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
0

Location

Listing Courtesy of Mokins Realty, Inc., Helen B. Kim, DRE #01775058
Add your commute
LISTING UPDATED: 01/11/2024 12:01 AM

Property Details for 1511 South Manhattan Place

StatusActive
MLS #24-343651
Days on Market118
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1904
Lot Size0.30 AC / 13,155 SF
CountyLos Angeles County

Location

Listing Courtesy of Mokins Realty, Inc., Helen B. Kim, DRE #01775058
Add your commute

Building Information for 1511 South Manhattan Place

Stories-Residences-Year Built1904Building Size-Lot Size0.30 AC / 13,155 SF

Payment Calculator

$19,576 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,645

Property Taxes

$2,931

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1511 South Manhattan Place

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Income
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.302
  • Lot Size Square Feet: 13155
Parking Details
Parking Details
  • Parking Garage: Gated
  • Total Parking: 20
  • Parking Features: Gated
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Dryer, Gas Dryer Hookup, Microwave, Range/Oven, Refrigerator, Washer
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Gazebo
Lease Terms
Lease Terms
  • Entry Date: 01-03-2024
Unit Details
Unit 1 Information
  • Unit Beds: 6
  • Unit Baths: 5
  • Unit Furnished: Yes
  • Unit Rent: $6,000.00
  • Unit Actual Rent: $6,000.00
  • Unit Projected Rent: $6,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 6
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $6,000.00
  • Unit Actual Rent: $6,000.00
  • Unit Projected Rent: $6,000.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $893,501.00
  • Assessed Improvement Percent: 31.48
  • Assessed Land Value: $1,944,679.00
  • Assessed Land Percent: 68.52
  • Assessed Total Value: $2,838,180.00

Property History for 1511 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 1511 South Manhattan Place

Taxable ValueLand$1,944,679Additions$893,501Total$2,838,180
Tax Record2023$35,170 ($2,931 / month)
Home Facts
Total Finished SqFt8,700 SqFtAbove Grade Finished SqFt8,700 SqFtLot Size13,151 SqFtStyleDuplexYear Built1904ZoningLAR2CountyLOS ANGELESAPN5073-009-002

Schools near 1511 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

West Adams Preparatory 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.

Similar Homes

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1511 South Manhattan Place is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on January 3, 2024 by Mokins Realty, Inc., it's currently listed at $3,050,000. It has been on the market for a total of 118 days and was last sold on October 8, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Los Angeles Elementary School, Pio Pico Middle School and West Adams Preparatory High School. 1511 South Manhattan Place is a 12-bed, 10-bath, 8,700 sqft multi-family home built in 1904.

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 Mokins Realty, Inc., Helen B. Kim, DRE #01775058

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.