204 North Manhattan Place
204 North Manhattan Place
$3,850,000
22
20
11,555
11,555
$333
Description
Price Reduction! Well-maintained 14-unit 11,555 SF building cash flowing at an amazing Current Cap Rate of 5.23% and 13 GRM from day 1 with an incredible 66% upside to 10% Cap Rate and 7.8 GRM on proforma in prime Hancock Park/Larchmont Village area. Attractively priced at only 275k/door and 333/SF with an excellent and large unit mix of 6 (2bed/2bath) units, 2 (2bed/1bath) units, and 6 (1bed/1bath) units. Nearly RTI plans to add 3 attached ADUs in the garages to improve the numbers to only 226k/door,...Price Reduction! Well-maintained 14-unit 11,555 SF building cash flowing at an amazing Current Cap Rate of 5.23% and 13 GRM from day 1 with an incredible 66% upside to 10% Cap Rate and 7.8 GRM on proforma in prime Hancock Park/Larchmont Village area. Attractively priced at only 275k/door and 333/SF with an excellent and large unit mix of 6 (2bed/2bath) units, 2 (2bed/1bath) units, and 6 (1bed/1bath) units. Nearly RTI plans to add 3 attached ADUs in the garages to improve the numbers to only 226k/door, 7.1% Cap Rate, and 10.2 GRM on Current with upside to 11.9% Cap Rate and 6.7 GRM on proforma after building the ADUs. 2 of the units have been completely renovated and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, stainless steel appliances, and major exterior capital improvements. Amenities include a renovated pool and courtyard with seating areas, on-site laundry facilities, secure entry, and 13 covered parking spaces for convenience. Individually metered for gas & electricity with soft-story retrofit already completed. Large 14,364 SF R3 TOC Tier 3 corner lot for future development potential. Located in the heart of Hancock Park just minutes away from Larchmont Village, Koreatown, Hollywood, and Melrose as well as many hip neighborhood attractions, restaurants, bars, and shops such as Wilshire Country Club, Paramount Studios, H Mart, Levain Bakery, Salt & Straw, and Great White, popping up all around the area.
- Listed by Armin Soleimani • DRE #01846872 • Brokerage DRE #01911261 • Global Platinum Properties, Inc.
- Listed by Julio Ruiz • DRE #01911261 • Brokerage DRE #01911261 • Global Platinum Properties, Inc.
Property Details for 204 North Manhattan Place
Zoning
LAR3
Parcel Number5517004011
Total Units14.0
Living Area11555
Source Living AreaVendor Enhanced
AreaHancock Park-Wilshire
Vacancy Rate2 Units
Lot Size Area14319
Location
LISTING UPDATED: 03/14/2024 12:01 AM
Property Details for 204 North Manhattan Place
Status | Active |
---|---|
MLS # | 24-365941 |
Days on Market | 54 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1961 |
Lot Size | 0.33 AC / 14,319 SF |
County | Los Angeles County |
Location
Building Information for 204 North Manhattan Place
Stories-Residences-Year Built1961Building Size-Lot Size0.33 AC / 14,319 SF
Payment Calculator
$23,973 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 204 North Manhattan Place
Property History for 204 North 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 204 North Manhattan Place
Taxable ValueLand$1,771,402Additions$1,004,440Total$2,775,842
Tax Record2023$35,549 ($2,962 / month)
Home Facts
Total Finished SqFt11,555 SqFtAbove Grade Finished SqFt11,555 SqFtLot Size14,315 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningLAR3CountyLOS ANGELESAPN5517-004-011
Schools near 204 North Manhattan Place
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Van Ness Avenue Elementary School PublicK to 5 | ||
Magnolia Science Academy 6 School Charter6 to 8 | ||
Fairfax Senior High School Public9 to 12 | ||
Central City Value School Charter9 to 12 |
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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