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Property

Los Angeles, CA 90004 154 S Manhattan Place

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Presented By: David Kim with New Star Realty;
  • MLS# 25514425
  • 03/28/2025
  • Request Tour
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  • Beds • 8
  • Baths • 4
  • SQFT • 5,576
  • Year Built • 1922

Home Details

PRIME INVESTMENT OPPORTUNITY IN KOREATOWN/HANCOCK PARK ADJACENT AREA! Exceptional 4-unit property located in one of Los Angeles' most desirable and rapidly appreciating neighborhoods. This well-maintained building offers a perfect blend of stable income and potential upside in a location that continues to see strong rental demand. PROPERTY HIGHLIGHTS: *Four spacious units with functional floor plans enogh to convert all 3 bd 2 ba *Prime location near Larchmont Village, Hancock Park, and Koreatown *Minutes to downtown LA, Hollywood, and major employment centers *Close proximity to Metro stations for convenient city access *Walking distance to popular restaurants, cafes, and boutique shops *Nearby attractions include The Grove, LACMA, and Paramount Studios. INVESTMENT ADVANTAGES: *Strong rental market with high occupancy rates in the area *Potential for value-add improvements to increase ROI *Multi-unit property in a neighborhood with limited new development *Favorable rent-to-price ratio compared to similar Los Angeles submarkets opportunity to capitalize on Los Angeles' persistent housing shortage. This property represents a rare opportunity to acquire a multi-unit building in an established Los Angeles neighborhood with exceptional growth potential. Perfect for investors seeking stable cash flow with appreciation upside in one of Southern California's most resilient real estate markets. Schedule your private showing today!
Presented By: David Kim with New Star Realty;

Interior Features for 154 S Manhattan Place

Bedrooms

Total Bedrooms8

Bathrooms

Half Baths0
Total Baths4
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace FeaturesFamilyRoom
Fireplace Y/NYes
FlooringTile
Heating Y/NYes
Interior AmenitiesCeilingFans
LivingAreaSourceAssessor
Total Stories2
Window FeaturesDoublePaneWindows

General for 154 S Manhattan Place

AccessibilityNone
Additional Parcels Y/NNo
AppliancesDishwasher
Architectural StyleColonial
Attached Garage No
Buyer FinancingCash, Conventional
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
Construction MaterialsStucco
CountyLos Angeles
DirectionsWestern Ave North, then Left to W 2nd St, then Right to S Manhattan Pl, just 2nd property on the right side.
Electric On Property Y/NNo
Entry LocationGround Level w/steps
Facing DirectionWest
Full Baths
Garage Y/NNo
Gross Income144000.0
HOANo
HeatingNaturalGas, WallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Conventional
Lot Size Square Feet7173.0
Lot Size UnitsSquareFeet
MLS AreaC18 - Hancock Park-Wilshire
MobileHomeRemainsYNNo
Net Operating Income107000.0
New ConstructionNo
Number Of Units Total4
Occupancy TypeVacant
Open Parking Spaces8.0
Patio/Porch FeaturesCovered
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NYes
RoofElastomeric, Tile
Security FeaturesCarbonMonoxideDetectors, SecurityGate, GatedCommunity, SmokeDetectors
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tenant PaysElectricity, Gas
ViewNone
Year Built1922
ZoningLAR3

Exterior for 154 S Manhattan Place

Building Area Total5576.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesBackYard, FrontYard, RectangularLot
Lot Size Acres0.1647
Lot Size Area7173.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesNone
Private PoolNo
SpaNo
Total Parking8.0
WaterfrontY/NNo

Additional Details

Price History

Clayton Bond

Sales Associate
Price $1,750,000
MLS#25514425
List Date 03/28/2025
Property Type Multi-Family
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