CA > Los Angeles
Los Angeles, CA 90004,204 N Manhattan PL
Los Angeles, CA 90004,204 N Manhattan PL
Los Angeles, CA 90004,204 N Manhattan PL
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Lenny LaRocca

Lenny LaRocca

+1(310) 698-6444
$5,195,000
Est. payment /mo
25 Beds
23 Baths
12,628 SqFt
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UPDATED:

10/10/2024 01:37 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,628 sqft

Price per Sqft $411

MLS Listing ID 24448961

Bedrooms 25

HOA Y/N No

Year Built 1961

Lot Size 0.329 Acres

Acres 0.3287

Property Description

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.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR3

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Fireplace No

Appliance Refrigerator

Exterior

Garage Attached Carport

Parking Type Attached Carport

Attached Garage Yes

Total Parking Spaces 4

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5517004011

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Armin Soleimani • Global Platinum Properties, Inc.

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Lenny LaRocca

+1(310) 698-6444

Global Real Estate Advisors | License ID: 01401046/01715774

Global Real Estate Advisors License ID: 01401046/01715774

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