222 N Manhattan Pl 16 Unit Apartment Building $6,249,000 ($390,563/Unit) 5.49% Cap Rate Los Angeles, CA 90004

Motivated Seller - Bring Offers. No City of Los Angeles Rent Control. Only $390,000 Per Unit. Burts & Associates is proud to present 222 N. Manhattan Place, an exceptional opportunity to acquire a 16-unit, 2023-built multifamily property in a central Los Angeles location. The property offers investors the benefits of newer construction, modern building systems, contemporary design, and limited near-term capital expenditure requirements.
The building features a desirable unit mix consisting of 14 one-bedroom units, one two-bedroom unit, and one studio. The residences offer thoughtfully designed floor plans with contemporary interiors, modern kitchens and bathrooms, high ceilings, hardwood-style flooring, stainless steel appliances, in-unit laundry, and private balconies in select units. The larger floor plans and modern finishes provide an attractive residential offering for today's Los Angeles renter.
Building amenities include 12 subterranean parking spaces, 18 bicycle parking spaces, elevator service, controlled access, and separately metered utilities. The property's newer construction and efficient building systems provide ownership with a lower-maintenance multifamily investment compared with much of Los Angeles' older apartment inventory.
Ideally situated near Koreatown, Larchmont Village, Hollywood, and Downtown Los Angeles, 222 N. Manhattan Place provides convenient access to major employment centers, restaurants, shopping, entertainment, and public transportation. The combination of 2023 construction, modern amenities, efficient operations, on-site parking, and a strong central Los Angeles location makes the property an attractive opportunity for an investor seeking a high-quality, newer-construction multifamily asset.