460 South Manhattan Place

Los Angeles, CA 90020

$2,260,000
Last Sold Price
5
Beds
5
Baths
8,657 Sq. Ft.
$261 / Sq. Ft.
8,657
Sq. Ft.
$261
per Sq. Ft.

Description

We are proud to present this value-add opportunity in Koreatown. The 5-unit building is located on a hard corner on Manhattan Place just west of Western Avenue and south of 3rd Street. The Letter of Determination is approved for a 30-unit site featuring 7 affordable units on the LAR4 zoned lot. That breaks down to $90,000 per buildable unit.We are proud to present this value-add opportunity in Koreatown. The 5-unit building is located on a hard corner on Manhattan Place just west of Western Avenue and south of 3rd Street. The Letter of Determination is approved for a 30-unit site featuring 7 affordable units on the LAR4 zoned lot. That breaks down to $90,000 per buildable unit.
  1. Listed by David Kaufman • DRE #01217537 • Brokerage DRE #01217537 • David Ballin Kaufman

Property Details for 460 South Manhattan Place

Parking Spaces Total
0
Cooling Type
Wall Unit(s)
Total Units
5.0
Living Area
8657
Assessor Parcel Number
5503-015-011
Building Area Total
8657
Stories Total
1
Zoning
LAR4

Location

Listing Courtesy of David Ballin Kaufman, David Kaufman, DRE #01217537

Sold By David Ballin Kaufman, David Kaufman, DRE #01217537

Add your commute
LISTING UPDATED: 03/24/2021 08:54 AM

Property Details for 460 South Manhattan Place

StatusClosed
MLS #20666196
Days on Market91
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.20 AC / 8,602 SF
CountyLos Angeles County

Location

Listing Courtesy of David Ballin Kaufman, David Kaufman, DRE #01217537

Sold By David Ballin Kaufman, David Kaufman, DRE #01217537

Add your commute

Building Information for 460 South Manhattan Place

Stories1Residences-Year Built1923Building Size-Lot Size0.20 AC / 8,602 SF

Payment Calculator

$14,803 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,334

Property Taxes

$2,469

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 460 South Manhattan Place

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Operating Income: $0
  • Net Operating Income: $0
  • Gross Multiplier: 0.0
Expense Details
  • Total Expenses: $0
Property / Structure Info
Interior Features
  • Appliances: Refrigerator
  • Equipment: Refrigerator
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Other Structures: None
Land/Lot Info
  • Number Of Units: 5
Parking Info
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $983
  • Unit Type Total Rent: $983
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 1
Unit 2
  • Unit Type Type: 10
Unit 3
  • Unit Type Type: 11
Unit 4
  • Unit Type Type: 12
Unit 5
  • Unit Type Type: 13
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $877
  • Unit Type Total Rent: $877
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 2
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $786
  • Unit Type Total Rent: $786
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 3
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,408
  • Unit Type Total Rent: $1,408
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 4
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,123
  • Unit Type Total Rent: $1,123
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 5
Unit 10
  • Unit Type Type: 6
Unit 11
  • Unit Type Type: 7
Unit 12
  • Unit Type Type: 8
Unit 13
  • Unit Type Type: 9
Unit Information
  • Number Of Buildings: 1

Property History for 460 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 460 South Manhattan Place

Taxable ValueLand$1,976,760Additions$374,544Total$2,351,304
Tax Record2023$29,625 ($2,469 / month)
Home Facts
Total Finished SqFt8,657 SqFtAbove Grade Finished SqFt8,657 SqFtLot Size8,602 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLAR4CountyLOS ANGELESAPN5503-015-011

Schools near 460 South 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 - K to 8
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

Everest Value
CharterK 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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Similar Sold Homes

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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 David Ballin Kaufman, David Kaufman, DRE #01217537

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.