$5,750,000
204 Manhattan Place, Los Angeles 90004
20
Beds
19
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 in prime Hancock Park/Larchmont Village area cash flowing at an amazing Current Cap Rate of 5% from day 1 with upside to 7.1% Cap Rate on Proforma. Preliminary plans to add 4 detached ADUs to achieve a remarkable 6.6% Current Cap Rate, 8.7% Proforma Cap Rate, and only 289k/door after taking into account all constructions costs (~340k assuming $250/SF). Large unit mix of 6 (2bed/2bath) units, 2 (2bed/1bath) units, and 9 (1bed/1bath) units including 3 newly-built attached ADUs. Select 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 parking 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® # | 25553225 |
|---|---|
| Price | $5,750,000 |
| Bedrooms | 20 |
| Bathrooms | 19.00 |
| 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 | 8 |
|---|---|
| Parking | Gated |
| Garages | Gated |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Electric |
|---|---|
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Additional Information
| Date Listed | June 16th, 2025 |
|---|---|
| Days on Market | 34 |
| Zoning | LAR3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Armin Soleimani |
|---|---|
| Office | Global Platinum Properties, Inc. |