802 S Manhattan Pl
Los Angeles, CA 90005
14-Unit Value-Add Opportunity in Koreatown · Multifamily Property For Sale
·
14 Units
Property Facts
| No. Units | 14 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 6,571 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1957 |
| Building Class | C | Parking Ratio | 1.37/1,000 SF |
| Zoning | LAR4 | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,571 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | LAR4 |
Amenities
Unit Amenities
- Washer/Dryer
Site Amenities
- Laundry Facilities
About 802 S MANHATTAN PL , LOS ANGELES, CA 90005
KW Commercial is pleased to present the opportunity to acquire 802 S Manhattan Place, Los Angeles CA 90005 located in the heart of Koreatown. The asset is a pure value-add opportunity for the savvy investor who wants to put their creative stamp in a flourishing location. The unit composition consists of Twelve (12) Studios and Two (2) One Bedroom | One Bath units. Building amenities include onsite parking for 9 vehicles and a common area onsite laundry room. The owners are in the process of completing the seismic-retrofit for the soft-story parking areas with a planned completion of April 2019. The 802 S Manhattan Place is located just one block west of Western Ave and three blocks south of Wilshire Blvd. with a Walk Score of 96 - considered a “Walker’s Paradise”. Koreatown is amid a huge transformation with over 30 new residential / commercial developments planned and / or under construction with over 3,000 luxury units coming to market within the next two years. This will undoubtedly continue to raise the tenant profile for the area and thus benefitting the long-term income metrics for 802 S. Manhattan Place.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | $837.50 | 400 - 450 |
| 1+1 | 2 | $6,952 | 500 - 600 |
Property Taxes
| Parcel Number | 5093-003-011 | Improvements Assessment | $211,631 |
| Land Assessment | $391,919 | Total Assessment | $603,550 |
Property Taxes
