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722 S Manhattan Pl
Los Angeles, CA 90005
Multifamily Property For Sale
·
19 Units
Investment Highlights
- Prime Koreatown Location
- Neighboring Properties Include a New Construction 160-Unit Upscale Complex with Luxury Amenities, & a Vacant Lot with Permits in Progress for a New 60
- 6.39% Initial Cash-on-Cash Return with Solid Remaining Rental Upside
- Assumable $3,242,000 Loan with 6-Years Remaining at an Attractive 5.09% Interest Rate (Interest Only for 1 Year)
- Two (2) ADU’s in the Process of Getting Legalized
- Well-Maintained Building with Wonderfully Remodeled Common Area Amenities
Property Facts
| No. Units | 19 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 11,965 SF |
| Property Subtype | Apartment | Average Occupancy | 89% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1936 |
| Zoning | R4-4, Los Angeles | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 11,965 SF |
| Average Occupancy | 89% |
| No. Stories | 4 |
| Year Built | 1936 |
| Zoning | R4-4, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | $1,737 | 525 |
| 1+1 | 5 | $1,898 | 750 |
| 2+1 | 2 | $2,563 | 975 |
Property Taxes
| Parcel Number | 5093-004-011 | Improvements Assessment | $1,297,123 |
| Land Assessment | $2,844,571 | Total Assessment | $4,141,694 |
Property Taxes
Parcel Number
5093-004-011
Land Assessment
$2,844,571
Improvements Assessment
$1,297,123
Total Assessment
$4,141,694
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