Address
350 S Manhattan Place Los Angeles, CA
Price
$ 2,500,000
Property Attributes
  • MLS#21675280
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaHancock Park
  • Zip90020
  • Style
  • Price$ 2,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8668
  • Lot Size8,276 SqFt
Listing Provided Courtesy Of:
Matthew R. Kanner with Keller Williams Realty Los Feliz
Property Description

The property is a 2-story, 11-unit value-add multi-family investment w/ +/- 50% rental upside. Built in 1957, the building is comprised of 2 singles, 6 (1+1), 1 (2+1) and 2 (2+2) units that avg. approx. 785+ gross sqft. Select units have undergone upgrades over the years, including 2 units that have been more extensively remodeled since 2018. The 8,668 sqft structure sits on an 8,651 sqft, LAR4-1 zoned lot w/ 13 individual parking spaces, a communal patio/courtyard area, and on-site laundry. The building has a brand-new roof, new main water heater, and the required City of LA seismic retrofitting work was recently completed. The building is separately metered for gas & electric. The central Koreatown/Mid-Wilshire adjacent location offers tenants access to the surrounding DTLA, Hollywood, Mid-City, + revitalized West Adams neighborhoods. The property is close to the 10,101, and 110 Freeways, + the Wilshire/Western Metro purple line station is just 2 blocks away.

Price History
1/6/2021 Listed $2,500,000

General Features

Cooling Wall/Window Unit(s)
Directions The property is located in the highly desirable Koreatown submarket of Los Angeles, just west of Western Avenue and south of W 3rd Street.
Facing Direction West
Heating Wall Furnace
Listagentaor Beverly Hills/Greater LA
Listing Agent Matthew R. Kanner - BRE#01349203
Listing Agent State License 01349203
MLS Area HPK - Hancock Park
Parking Features Assigned
Pool Features None
Price Per Square Foot 288.42
Security Features Gated Community
Source System CRMLS
Spa Features None
Special Listing Conditions Standard
Total Units 11
Zoning LAR4-1

Interior Features

Air Conditioning Y/N Yes
Fireplace Features None
Heating Y/N Yes
Laundry Features Community
Laundry Y/N Yes
Total Stories 2

Exterior Features

Building Area Total 8668.00
Lot Size Acres 0.1900
Lot Size Area 8651.0000
Lot Size Square Feet 8651.00
Lot Size Units Square Feet
Number of Buildings 1
Parking Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90020

Price
AVG $3.75M
$2.5M
Visits
AVG 25
4
Year Built
AVG 1948
1957
Walkscore
AVG 94
97
Data Provided by Walkscore ® not using MLS data

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