1226 South Manhattan Place

Los Angeles, CA 90019

$2,495,000
Price
14
Beds
6
Baths
4,802 Sq. Ft.
$520 / Sq. Ft.
4,802
Sq. Ft.
$520
per Sq. Ft.

Description

1226-1228 s. Manhattan Place is a 6-unit multifamily property located in the Country Club neighborhood of Los Angeles. The building has a diverse unit mix of two (2) three-bedroom units and four (4) two-bedroom units. All of the units have been completely remodeled with brand new electrical, plumbing and mechanical. These units are 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...1226-1228 s. Manhattan Place is a 6-unit multifamily property located in the Country Club neighborhood of Los Angeles. The building has a diverse unit mix of two (2) three-bedroom units and four (4) two-bedroom units. All of the units have been completely remodeled with brand new electrical, plumbing and mechanical. These units are 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.
  1. Listed by Andres Diaz • DRE #01956479 • Brokerage DRE #01364089 • Keller Williams Downtown LA

Property Details for 1226 South Manhattan Place

Zoning
LAR1
Parcel Number
5080005004
Total Units
6.0
Living Area
4802
Source Living Area
Vendor Enhanced
Area
Hancock Park-Wilshire
Vacancy Rate
0%
Lot Size Area
8443
LISTING UPDATED: 10/29/2024 10:05 AM

Property Details for 1226 South Manhattan Place

StatusActive
MLS #24-429395
Days on Market124
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1949
Lot Size0.19 AC / 8,443 SF
CountyLos Angeles County

Building Information for 1226 South Manhattan Place

Stories2Residences-Year Built1949Building Size-Lot Size0.19 AC / 8,443 SF

Property Information for 1226 South Manhattan Place

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Market
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $206,040
  • Net Operating Income: $150,524.00
  • Gross Income: $206,040
  • Cap Rate: 6.03%
  • Gross Rent Multiplier: $12.48
  • Total Annual Expense: 55516
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1938
  • Lot Size Square Feet: 8443
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 6
  • Parking Features: None
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Dishwasher, Garbage Disposal, Washer, Dryer, Range/Oven
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-19-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,795.00
  • Unit Actual Rent: $11,180.00
  • Unit Projected Rent: $11,380.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,995.00
  • Unit Actual Rent: $5,990.00
  • Unit Projected Rent: $6,390.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $353,825.00
  • Assessed Improvement Percent: 30.0
  • Assessed Land Value: $825,594.00
  • Assessed Land Percent: 70
  • Assessed Total Value: $1,179,419.00

Property History for 1226 South Manhattan Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1226 South Manhattan Place

Taxable ValueLand$842,105Additions$360,901Total$1,203,006
Tax Record2024$15,561 ($1,297 / month)
Home Facts
Total Finished SqFt4,802 SqFtAbove Grade Finished SqFt4,802 SqFtLot Size8,441 SqFtStyleMulti-Family Res (5+ Units)Year Built1949ZoningLAR1CountyLOS ANGELESAPN5080-005-004

Schools near 1226 South Manhattan Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Los Angeles Elementary School
PublicK to 5

Pio Pico Middle School
Public6 to 8

Los Angeles Senior High School
Public9 to 12

Vista Horizon Global Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1226 South Manhattan Place is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on August 19, 2024 by Keller Williams Downtown LA, it's currently listed at $2,495,000. It has been on the market for a total of 124 days and was last sold on February 11, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Los Angeles Elementary School, Pio Pico Middle School and Los Angeles Senior High School. 1226 South Manhattan Place is a 14-bed, 6-bath, 4,802 sqft multi-family home built in 1949.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Downtown LA, Andres Diaz, DRE #01956479

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.