13
See all 13 photos
$1,850,000
Est. payment /mo
12 Beds
9 Baths
6,637 Sqft Lot
Active
139 S Manhattan Los Angeles, CA 90004
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26085689
Bedrooms 12
Lot Size 6,637 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Exceptional 4-unit investment opportunity in one of Los Angeles most desirable rental pockets, ideally located just minutes from Hancock Park, Windsor Square, and Larchmont Village. Situated in a highly sought-after neighborhood with strong and consistent tenant demand, this property offers an attractive combination of stable current income and significant upside potential. The property consists of four spacious 3-bedroom units, including one 3-bedroom, 2.5-bath unit and three 3-bedroom, 2-bath unitsan excellent unit mix that appeals to families and long-term tenants. Current rents provide immediate cash flow, while below-market leases offer investors the opportunity to increase income over time. Offered at $1,850,000, the property is projected to achieve approximately a 5.5% pro forma cap rate, making it a compelling value-add opportunity in a high-demand Los Angeles location. Conveniently located near Wilshire Country Club, Koreatown, Downtown LA, Hollywood, and major transportation corridors. A rare chance to acquire a well-located multifamily asset with large units, strong rental demand, and meaningful upside in one of Los Angeles most established and appreciating neighborhoods.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Located west of Western Ave. From Olympic Blvd, go north on Manhattan Pl. Property is on the left.
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5516025024
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Annie Lee, DRE#01968283 Premier Realty
NEARBY SCHOOL & BUSINESS
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