204 N Manhattan Place
Los Angeles, CA, 90004 $ 4,600,000
Bedrooms25 Baths23.0 Sq 12,628 Monthly Estimate*
$ 30,573
Listed by Global Platinum Properties, Inc.
for $4,600,000 with 25 bedrooms and 23 full baths. This 12,628 square foot home was built in 1961 on a lot size of 0.3287.
Well-maintained 17-unit building cash flowing at an amazing Current Cap Rate of 5.5% and 12.5 GRM from day 1 with an incredible 53% upside to 9.6% Cap Rate and 8.2 GRM on proforma in prime Hancock Park/Larchmont Village area. Attractively priced at only 270k/door and 364/SF with an excellent and large unit mix of 6 (2bed/2bath) units, 2 (2bed/1bath) units, and 9 (1bed/1bath) units including 3 brand-new (1bed/1bath) attached ADUs currently under construction. Additionally, 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 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.
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FeaturesGeneralInterior Features CeilingFans
Heating WallFurnace
Appliances Refrigerator
Zoning LAR3
Year Built 1961
Stories 2
Levels Two
Gross Income 366186.0
County Los Angeles
Net Operating Income 255433.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage Y
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Located between Beverly Blvd. and Council Street just one block west of Western Ave.
City Los Angeles
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 17
MLS Area C18 - Hancock Park-Wilshire
Lot Size Units SquareFeet
Lot Size Square Feet 14319.0
Private Pool N
Waterfront Y/N N
Carport Y/N Y
Street Name Manhattan
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 8
Standard Status Active
Cap Rate 5.55
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ExteriorParking Features AttachedCarport
Total Parking 0.0
Lot Size Area 14319.0
Number of Buildings 1
Spa N
Building Area Total 12628.0
Lot Size Acres 0.3287
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Place
Total Bedrooms 25
Electric On Property Y/N N
Total Baths 23
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* Excluded FeaturesList ByGlobal Platinum Properties, Inc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $30,573
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,987,900
Percent of Sale Price 57%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/15/2024 | $4,600,000 | | Listed Price |