1810 S Manhattan Pl - Apartments FOR SALE


Los Angeles, CA 90019- Koreatown
$1,250,000 USD
818-309-3935
1810 S Manhattan Pl, Los Angeles, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/7
null | 4.62% Cap Rate

1810 S Manhattan Pl
Los Angeles, CA 90019
Koreatown


HIGHLIGHTS

  • Mostly two bedrooms
  • 25% rental upside
  • Parking

OVERVIEW

This 5 unit apartment building built in 1923 has over 25% rental upside and is unique in unit mix offering 4 two bedroom units, and 1 one bedroom unit within 4,700 of building square feet. Additionally there are 5 parking spaces. Conveniently located in Koreatown the units are separately metered for gas and electricity. There is an attractive assumable loan with Chase Bank with a loan amount of approx. $570,000 and an interest rate of 3.49% fixed until May 2026. To create additional long term income, the Seller has started the process of obtaining permits to build a 3 bedroom ADU in the rear building with a separate entrance to each bedroom creating a co-living unit.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$266 USD /SF

# OF UNITS

5

PRICE/UNIT

$250,000

CAP RATE

4.62%

% 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

1923

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,630 SF

ZONING

-

APN/PARCEL ID

5073-013-013

ASK ABOUT THIS PROPERTY

Henry GarciaLA Apartment GroupMore Info
818-309-3935

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Henry GarciaLA Apartment GroupMore Info
818-309-3935

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.