722 South Manhattan Place
722 South Manhattan Place
$4,950,000
9
21
11,965
11,965
$414
Description
We are pleased to present a nineteen (19) unit apartment building located at 722 S Manhattan Place in Los Angeles, California. The subject property is located in a prime Koreatown location south of Wilshire Boulevard and west of S Western Avenue. Built in 1936, this property contains a great unit mix of twelve (12) studio / one-bathroom units, five (5) one-bedroom / one-bathroom units, and two (2) two-bedroom / two-bathroom units. The property is gated and secure with character, French Normandy style...We are pleased to present a nineteen (19) unit apartment building located at 722 S Manhattan Place in Los Angeles, California. The subject property is located in a prime Koreatown location south of Wilshire Boulevard and west of S Western Avenue. Built in 1936, this property contains a great unit mix of twelve (12) studio / one-bathroom units, five (5) one-bedroom / one-bathroom units, and two (2) two-bedroom / two-bathroom units. The property is gated and secure with character, French Normandy style architecture in an area that is surrounded by new construction just south of Wilshire Boulevard. Tenants will love living in the heart of Koreatown; just down the street from some of the trendiest retail, restaurant, and entertainment amenities in Los Angeles. The neighboring properties include a new construction 160-unit complex with luxury amenities, and a vacant lot with permits in progress for a new 60-unit, 59,666 SF 7-story edifice. Situated in a prime Koreatown location, this offering presents an excellent opportunity for any investor to capitalize on a rare, mid-size residential asset with interest only assumable financing at an attractive 5.09% interest rate in one of the trendiest markets of Los Angeles.
- Listed by Jason Tuvia • DRE #01772495 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 722 South Manhattan Place
Zoning
LAR4
Parcel Number5093004011
Total Units19.0
Living Area11965
Source Living AreaVendor Enhanced
AreaHancock Park-Wilshire
Vacancy Rate11%
Lot Size Area7503
Location
LISTING UPDATED: 02/08/2024 12:01 AM
Property Details for 722 South Manhattan Place
Status | Active |
---|---|
MLS # | 24-353693 |
Days on Market | 90 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1936 |
Lot Size | 0.17 AC / 7,503 SF |
County | Los Angeles County |
Location
Building Information for 722 South Manhattan Place
Stories3Residences-Year Built1936Building Size-Lot Size0.17 AC / 7,503 SF
Payment Calculator
$31,147 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 722 South Manhattan Place
Property History for 722 South 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 722 South Manhattan Place
Taxable ValueLand$2,734,114Additions$1,262,137Total$3,996,251
Tax Record2023$49,594 ($4,133 / month)
Home Facts
Total Finished SqFt11,965 SqFtAbove Grade Finished SqFt11,965 SqFtLot Size7,501 SqFtStyleMulti-Family Res (5+ Units)Year Built1936ZoningLAR4CountyLOS ANGELESAPN5093-004-011
Schools near 722 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 |
---|---|---|
Wilton Place 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.
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