204 N Manhattan Pl | Los Angeles, CA 90004
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
204 N Manhattan Pl
Los Angeles, CA 90004
Reduced! 5.3% Cap 17 Units +RTI Plans 4 ADUs! · Multifamily Property For Sale
·
17 Units
Investment Highlights
- Well-maintained 17-unit building in the prime Hancock Park/Larchmont Village area, with a current Cap Rate of 5.3% and potential to reach 7.5%
- Diverse unit mix including 6 (2 bed/2 bath), 2 (2 bed/1 bath), and 9 (1 bed/1 bath) units, featuring some renovations with high-end finishes
- Amenities include a renovated pool and courtyard, on-site laundry, secure entry, and parking. All units are individually metered
- Approved RTI plans to add 4 detached ADUs, boosting the Cap Rate to 7% (current) and 9.2% (proforma), with an estimated construction cost of $340k
- Select units are fully renovated with modern cabinets, flooring, lighting, new bathrooms, stainless steel appliances, and major exterior upgrades
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 | - | 400 - 800 |
| 2+1 | 2 | - | 987 |
| 2+2 | 6 | - | 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
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
