1226 S Manhattan Pl - Apartments FOR SALE


Los Angeles, CA 90019- Harvard Heights
$2,495,000 USD
805-637-3623
1226 S Manhattan Pl, Los Angeles, CA for Sale
$2,495,000 USD
Apartments - FOR SALE
1/11
null | 6.03% Cap Rate

1226 S Manhattan Pl
Los Angeles, CA 90019
Harvard Heights


HIGHLIGHTS

  • Newly Renovated Units Achieving High Rents
  • Strong Cash Flow from Day 1
  • Below Average Expense Profile
  • Gentrifying Area Allowing for Above Average Appreciation
  • Large Parking Lot

OVERVIEW

Located in Country Club Park neighborhood, the subject property is centrally located offering quick access to premium entertainment such as LAACMA and The Grove. The property is located close to the 10 Freeway offering easy access to many other locations in the greater Los Angeles Area. The building has a diverse mix of 2 three-bedroom, 4 two-bedroom (with professionally installed partition walls), and two one-bedroom units. All of the units have been completely remodeled with brand new electrical, plumbing, and mechanical. These units are also completely sub-metered for gas, electrical, and water resulting in an extremely low utility expense which is rare in the Los Angeles market. Due to the renovations the expense profile of the property is extremely low, and will allow for strong cash flow immediately.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$520 USD /SF

# OF UNITS

6

PRICE/UNIT

$415,833

CAP RATE

6.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,441 SF

ZONING

LAR1

APN/PARCEL ID

5080-005-004

ASK ABOUT THIS PROPERTY

Christian MkpadoKW CommercialMore Info
805-637-3623

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Christian MkpadoKW CommercialMore Info
805-637-3623

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