We are pleased to present a seventeen (17) unit apartment building located at 2651 Manhattan Place in Los Angeles, California. The subject property is located in a solid West Adams location, south of W Adams Boulevard and west of Western Avenue. This well-located multifamily property in the heart of West Adams presents a strong investment opportunity with a desirable unit mix of twelve (12) spacious studios and five (5) large one-bedroom units, including one (1) unit delivered vacant. Offering a solid initial cap rate of 6.29% and significant rental upside potential of over 30%, the property is primed for value-add investors. Recent electrical upgrades with new panels and separately metered gas and electricity help reduce operational costs, while low maintenance landscaping and ample street parking add to overall convenience. There is also an unfinished non-conforming studio unit in the basement, which can quickly be converted into a market rate rental unit as an ADU. Tenants benefit from immediate access to key commercial corridors Western Ave, Normandie Ave, W Adams Blvd, and Jefferson Blvd as well as the 10, 110, and 101 Freeways. The property is also steps from the Loren Miller Recreation Center and a wide array of dining options including Starbucks and Bird's Nest Cafe, making it a highly attractive offering in a rapidly growing submarket. With a strong 6.29% cap rate, over 30% rental upside, and a central West Adams location near major corridors, this property offers an exceptional investment opportunity in one of Los Angeles' most dynamic submarkets.
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DAYS ON MARKET
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12
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LAST UPDATED
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7/24/2025
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YEAR BUILT
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1927
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COMMUNITY
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C16 - Mid Los Angeles
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COUNTY
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Los Angeles
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STATUS
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Active
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PROPERTY TYPE(S)
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Residential Income
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| AREA |
C16 - Mid Los Angeles |
| LOT |
6525 sq ft |
| LOT DIMENSIONS |
50x130 |
| PARKING |
None |
| STORIES |
2 |
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Listed with Marcus & Millichap
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 8/4/25 1:06 PM 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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