$5,250,000
204 Manhattan Place, Los Angeles 90004
10
Beds
9
Baths
12,628
Square feet
14,319
Lot Size
17
# Of Units
Listing Agent
Armin Soleimani - Global Platinum Properties, Inc.Well-maintained 17-unit building cash flowing at an amazing Current Cap Rate of 5.6% and 12.5 GRM from day 1 with an incredible 32% upside to 8% Cap Rate and 9.5 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.
Facts & Features
| MLS® # | 25482069 |
|---|---|
| Price | $5,250,000 |
| Bedrooms | 10 |
| Bathrooms | 9.00 |
| Square Footage | 12,628 |
| Lot Size | 14,319 |
| Year Built | 1961 |
| Type | Residential Income |
| Status | Active |
| # Of Units | 17 |
Community Information
| Address | 204 Manhattan Place |
|---|---|
| Area | C18 - Hancock Park-Wilshire |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90004 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Attached Carport |
| Garages | Attached Carport |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s) |
|---|---|
| Appliances | Refrigerator |
| Heating | Wall Furnace |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Additional Information
| Date Listed | January 13th, 2025 |
|---|---|
| Days on Market | 71 |
| Zoning | LAR3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Armin Soleimani |
|---|---|
| Office | Global Platinum Properties, Inc. |