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204 N Manhattan Pl
Los Angeles, CA 90004
Existing 5.6% Cap w upside to 8% Cap · Multifamily Property For Sale
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17 Units
Investment Highlights
- Well maintained 17-unit 12,628 SF building in prime Hancock Park/Larchmont Village area cash flowing at an amazing Current Cap Rate of 5.5%!
- Majority of units have been recently renovated, making them move-in ready for tenants
- Large 14,364 SF R3 TOC Tier 3 corner lot for future development potential.
- Cash flowing at a current Cap Rate of 5.6% and 12.5 GRM with potential to increase to 8% Cap Rate and 9.5 GRM on proforma
- Individually metered for Gas & Electricity with soft-story retrofit already completed.
Property Facts
| No. Units | 17 | Building Size | 12,628 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1961/2023 |
| Building Class | C | Parking Ratio | 0.87/1,000 SF |
| Lot Size | 0.32 AC | ||
| Zoning | R3 - Residential | ||
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 12,628 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1961/2023 |
| Parking Ratio | 0.87/1,000 SF |
| Zoning | R3 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Heating
- Kitchen
- Stainless Steel Appliances
- Tub/Shower
Site Amenities
- Laundry Facilities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | 708 |
| 2+1 | 3 | - | 987 |
| 2+2 | 5 | - | 987 |
Property Taxes
| Parcel Number | 5517-004-011 | Improvements Assessment | $1,203,600 |
| Land Assessment | $2,448,000 | Total Assessment | $3,651,600 |
Property Taxes
Parcel Number
5517-004-011
Land Assessment
$2,448,000
Improvements Assessment
$1,203,600
Total Assessment
$3,651,600
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