2637 South Manhattan Place

Los Angeles, CA 90018

$3,400,000
Last Sold Price
30
Beds
16
Baths
9,168 Sq. Ft.
$371 / Sq. Ft.
9,168
Sq. Ft.
$371
per Sq. Ft.

Description

The property is located in the Jefferson Park neighborhood of Los Angeles, in proximity to USC, the Metro, Downtown, and the 10 Freeway. Originally built in 2007, this property is not subject to rent control. Property mix includes eight (3 bedrooms) and one (4 bedroom) units each with separate gas, electric and water meters, in-unit laundry, private balcony, and on-site secured parking. This property offers investors a rare opportunity to acquire a well-maintained and stabilized asset with low turn...The property is located in the Jefferson Park neighborhood of Los Angeles, in proximity to USC, the Metro, Downtown, and the 10 Freeway. Originally built in 2007, this property is not subject to rent control. Property mix includes eight (3 bedrooms) and one (4 bedroom) units each with separate gas, electric and water meters, in-unit laundry, private balcony, and on-site secured parking. This property offers investors a rare opportunity to acquire a well-maintained and stabilized asset with low turn over and 5.0% going in cap rate.
  1. Listed by Luis Ruiz • DRE #01295320 • Brokerage DRE #01295320 • LAR Realty, Inc.

Property Details for 2637 South Manhattan Place

Water Front
None
Zoning
LAR4
Style
Modern
Parcel Number
5052032003
Total Units
9.0
Living Area
9168
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)

Location

Listing Courtesy of LAR Realty, Inc., Luis Ruiz, DRE #01295320

Sold By LAR Realty, Inc., Luis Ruiz, DRE #01295320

Add your commute
LISTING UPDATED: 02/01/2023 02:23 PM

Property Details for 2637 South Manhattan Place

StatusSold
MLS #22-153253
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2007
Lot Size0.15 AC / 6,525 SF
CountyLos Angeles County

Location

Listing Courtesy of LAR Realty, Inc., Luis Ruiz, DRE #01295320

Sold By LAR Realty, Inc., Luis Ruiz, DRE #01295320

Add your commute

Building Information for 2637 South Manhattan Place

Stories3Residences-Year Built2007Building Size-Lot Size0.15 AC / 6,525 SF

Payment Calculator

$22,068 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,555

Property Taxes

$3,513

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2637 South Manhattan Place

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 9
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Multi Res
  • View: No
  • View Description: None
  • View: None
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector, Fire Sprinklers, Exterior Security Lights
  • Water: Water District, Meter on Property
  • Sewer: In Connected and Paid
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Disclosures: Affordable Housing Qualified
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $248,447
  • Net Operating Income: $177,147.00
  • Gross Income: $253,548
  • Cap Rate: 5.00%
  • Gross Rent Multiplier: $13.98
  • Owner Pays: Other
  • Total Annual Expense: 71329
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Paved: Yes
  • Lot Acreage: 0.1498
  • Lot Size Square Feet: 6525
  • Lot Description: Automatic Gate, Storm Drains, Sidewalks, Street Paved, Gutters, Street Lighting
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Garage Is Attached, Driveway Gate, Side By Side, Attached
  • Total Parking: 9
  • Covered Parking: 9
  • Parking Features: Covered, Side by Side
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Three Or More
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Gas
  • Flooring: Laminate, Hardwood, Vinyl Tile
  • Equipment: Gas Dryer Hookup, Garbage Disposal
  • Room Kitchen Features: Laminate Counters
  • Kitchen Features: Laminate Counters
  • Room Bathroom Features: Low Flow Toilet(s), Shower in Tub
  • Bathroom Features: Low Flow Toilet(s), Shower and Tub
  • Common Walls: Attached
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition, Flat, Shingle
  • Sprinklers: Sprinkler System
  • Patio Features: None
  • Entry Location: Ground Level w/steps
  • Windows: Screens
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Combination, Stucco
  • Other Structural Features: Balcony, Slab, Sprinkler System
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-05-2022
  • Rent Control: No
  • Tenant Pays: Electricity, Gas, Water
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,600.00
  • Unit Actual Rent: $2,600.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,895.00
  • Unit Actual Rent: $2,700.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,700.00
  • Unit Actual Rent: $2,700.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,600.00
  • Unit Actual Rent: $2,600.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 5
Unit 6 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,550.00
  • Unit Actual Rent: $2,550.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 6
Unit 7 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,700.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 7
Unit 8 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,150.00
  • Unit Actual Rent: $2,700.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 8
Unit 9 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,234.00
  • Unit Actual Rent: $2,700.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 9
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
  • Number of Electric Meters: 9
  • Number of Gas Meters: 9
  • Number Rented Garages: 9
  • Number Water Meters: 9
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,250,000.00
  • Assessed Improvement Percent: 42.37
  • Assessed Land Value: $1,700,000.00
  • Assessed Land Percent: 57.63
  • Assessed Total Value: $2,950,000.00

Property History for 2637 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 2637 South Manhattan Place

Taxable ValueLand$1,800,000Additions$1,600,000Total$3,400,000
Tax Record2023$42,160 ($3,513 / month)
Home Facts
Total Finished SqFt9,168 SqFtAbove Grade Finished SqFt9,168 SqFtLot Size6,525 SqFtStyleMulti-Family Res (5+ Units)Year Built2007ZoningLAR4CountyLOS ANGELESAPN5052-032-003

Schools near 2637 South Manhattan Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - K to 5
Charter - 5 to 8
Public - 6 to 8
Rating
School
Distance
Twenty-Fourth Street Elementary School
PublicK to 4

Birdielee V. Bright Elementary School
PublicK to 5

Crown Preparatory Academy
Charter5 to 8

Johnnie Cochran, Jr., Middle School
Public6 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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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 LAR Realty, Inc., Luis Ruiz, DRE #01295320

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.