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722 S Manhattan Pl 19 Unit Apartment Building $4,500,000 ($236,842/Unit) 6% Cap Rate Los Angeles, CA 90005
Investment Highlights
- 19 Units in French Normandie in Koreatown, Los Angeles
- 6.00% Cap Rate
Executive Summary
The La Trio Portfolio consists of 3 apartment buildings located in the East Hollywood, Hollywood, and Koreatown neighborhoods of Los Angeles. Curson and Willowbrook are of 1920’s vintage, with Manhattan constructed in the 1930’s. They have all been dramatically upgraded, both cosmetically and mechanically, with numerous upgrades including heavy renovations to the common areas and units upon vacancy. Willowbrook has 6 surface parking spaces in the rear and the other two properties have no on site parking. All three properties are subject to Los Angeles rent stabilization (rent control) and therefore have significant rental upside. Properties can be individually purchased or purchased in any combination.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $236,842 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 6% | Building Size | 11,965 SF |
| Gross Rent Multiplier | 10.58 | Average Occupancy | 89% |
| No. Units | 19 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1936/2018 |
| Property Subtype | Apartment | ||
| Zoning | R4-4, Los Angeles | ||
| Price | $4,500,000 |
| Price Per Unit | $236,842 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 10.58 |
| 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/Renovated | 1936/2018 |
| 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 | $1,613 | 400 |
| 1+1 | 5 | $1,713 | 700 |
| 2+2 | 2 | $2,392 | 850 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5093-004-011 | Total Assessment | $4,141,694 |
| Land Assessment | $2,844,571 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,297,123 | Tax Year | 2025 |
Property Taxes
Parcel Number
5093-004-011
Land Assessment
$2,844,571
Improvements Assessment
$1,297,123
Total Assessment
$4,141,694
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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722 S Manhattan Pl
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