5166 South Manhattan Place

Los Angeles, CA 90062

$739,000
Price
2
Beds
2
Baths
1,456 Sq. Ft.
$508 / Sq. Ft.
1,456
Sq. Ft.
$508
per Sq. Ft.

Description

NEW YEAR NEW INVESTMENT OPPORTUNITIES! Welcome to this charming income property located in a highly sought-after area of South LA. Moments away from Leimert Park, West Adams, Jefferson Park, Expo Park, USC, the 110 FWY, and Inglewood. This duplex is fully occupied, with one unit renovated. The two-car garage presents the opportunity for an ADU conversion, thus adding value and increasing future rental income. The location makes this property an attractive investment, with a range of amenities, cultural...NEW YEAR NEW INVESTMENT OPPORTUNITIES! Welcome to this charming income property located in a highly sought-after area of South LA. Moments away from Leimert Park, West Adams, Jefferson Park, Expo Park, USC, the 110 FWY, and Inglewood. This duplex is fully occupied, with one unit renovated. The two-car garage presents the opportunity for an ADU conversion, thus adding value and increasing future rental income. The location makes this property an attractive investment, with a range of amenities, cultural hubs, and major transportation routes just moments away. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a property with exceptional income potential, this duplex is a true gem. NOTE: This property is being sold on its own, but if you are interested in additional properties, this is one of five multi-units in a larger portfolio all within one mile of each other in 90062. Other addresses are 5162 Ruthelen St, 5419 S St. Andrews Pl, 5715 S Manhattan Pl and 5722 S Manhattan Pl. Contact listing agents for more info.

Listing Agents

  1. Karlyn Nelson

    Karlyn Nelson

    Listing Agent

    Compass

    DRE #02051690

  2. Lacy Register

    Lacy Register

    Alternative Listing Agent

    Compass

    DRE #01980850

Property Details for 5166 South Manhattan Place

Parking Spaces Total
5
Private Pool
No
Total Units
2.0
Lot Size Source
Assessor
Living Area
1456
New Construction
No
Building Area Total
1456
Stories Total
1

Location

Listing Courtesy of Compass, Karlyn Nelson, DRE #02051690; Compass, Lacy Register, DRE #01980850
Add your commute
LISTING UPDATED: 01/24/2024 09:16 PM

Property Details for 5166 South Manhattan Place

StatusActive
MLS #24347885
Days on Market105
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.13 AC / 5,676 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Karlyn Nelson, DRE #02051690; Compass, Lacy Register, DRE #01980850
Add your commute

Building Information for 5166 South Manhattan Place

Stories1Residences-Year Built1922Building Size-Lot Size0.13 AC / 5,676 SF

Payment Calculator

$4,033 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,033

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5166 South Manhattan Place

Rental Info
Rental Info
  • Tenant Pays: Gas, Electricity, Cable TV
Income / Expense / Tax Details
Income Details
  • Gross Income: $37,164
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $37,164
  • Net Operating Income: $29,669
  • Gross Multiplier: 20.0
  • Cap Rate: 3.96
Expense Details
  • Total Expenses: $7,494
Community / Development
Community / Development
  • Assessments YN: No
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Range, Oven, Microwave
  • Laundry: Yes
  • Laundry Features: Stackable
  • Fireplace Features: None
  • Cooling: None
  • Heating: Wall Furnace
Exterior Features
  • Pool Features: None
  • Spa Features: None
Land/Lot Info
  • Direction Faces: West
  • Levels: One
  • Water Source: Public
Parking Info
  • Parking: Yes
  • Uncovered Spaces: 3
  • Attached Garage: No
  • Parking Features: Concrete
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: $1,134
  • Unit Type Total Rent: $1,134
  • Unit Type Pro Forma: 1965
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,963
  • Unit Type Total Rent: $1,963
  • Unit Type Pro Forma: 1965
  • Unit Type Type: 2
Unit Information
  • Number Of Buildings: 1

Property History for 5166 South Manhattan Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 5166 South Manhattan Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 8
Public - 6 to 9
Public - 9 to 12
Rating
School
Distance
Angeles Mesa Elementary School
PublicK to 5

Western Avenue Technology Magnet
PublicK to 8

Barack Obama Global Preparation Academy
Public6 to 9

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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5166 South Manhattan Place is a multi-family home for sale in Los Angeles, CA 90062. This property was listed for sale on January 17, 2024 by Compass, it's currently listed at $739,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Angeles Mesa Elementary School, Western Avenue Technology Magnet and Barack Obama Global Preparation Academy. 5166 South Manhattan Place is a 2-bed, 2-bath, 1,456 sqft multi-family home built in 1922.

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 Compass, Karlyn Nelson, DRE #02051690; Compass, Lacy Register, DRE #01980850

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.