204 N Manhattan Place, Los Angeles, CA 90004 (MLS # 24448961)

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PRICE $5,195,000 dsIDX morgage calculator
BEDS 25
BATHS 23
HOME SIZE 12,628 sqft
LOT SIZE 14,319 sqft

Well-maintained 17-unit building cash flowing at an amazing Current Cap Rate of 5.5% and 12.7 GRM from day 1 with an incredible 35% upside to 8.1% Cap Rate and 9.4 GRM on proforma in prime Hancock Park/Larchmont Village area. 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) ADUs. Additionally, 4 of the units have been 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.

DAYS ON MARKET 30 LAST UPDATED 10/4/2024
YEAR BUILT 1961 COMMUNITY Hancock Park-Wilshire
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
APPLIANCES Refrigerator
AREA Hancock Park-Wilshire
GARAGE Attached Carport, Yes
HEAT Wall Furnace
INTERIOR Ceiling Fan(s)
LOT 0.33 acre(s)
PARKING Attached Carport
STORIES 2
ZONING LAR3
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Global Platinum Properties, Inc.

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Based on information from California Regional Multiple Listing Service, Inc. as of 11/1/24 9:35 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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