5166 South Manhattan Place

Los Angeles, CA 90062

$719,000
Last Sold Price
2
Beds
2
Baths
1,456 Sq. Ft.
$494 / Sq. Ft.
1,456
Sq. Ft.
$494
per Sq. Ft.

Description

Welcome to this charming income property located in a highly sought-after area of South LA. Moments away from Leimert Park, West Adams, Jefferson Park, Expo Park, USC, the 110 FWY, and Inglewood. This duplex is fully occupied, with one unit renovated. The two-car garage presents the opportunity for an ADU conversion, thus adding value and increasing future rental income. The location makes this property an attractive investment, with a range of amenities, cultural hubs, and major transportation routes...Welcome to this charming income property located in a highly sought-after area of South LA. Moments away from Leimert Park, West Adams, Jefferson Park, Expo Park, USC, the 110 FWY, and Inglewood. This duplex is fully occupied, with one unit renovated. The two-car garage presents the opportunity for an ADU conversion, thus adding value and increasing future rental income. The location makes this property an attractive investment, with a range of amenities, cultural hubs, and major transportation routes just moments away. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a property with exceptional income potential, this duplex is a true gem. NOTE: This property is being sold on its own, but if you are interested in additional properties, this is one of four multi-units in a larger portfolio all within one mile of each other in 90062. Other addresses are 5162 Ruthelen St, 5419 S St. Andrews Pl and 5722 S Manhattan Pl. Contact listing agents for more info.

Listing Agents

  1. Karlyn Nelson

    Karlyn Nelson

    Listing Agent

    Compass

    DRE #02051690

    karlyn.nelson@compass.com

    P: (323)-241-9786

  2. Lacy Register

    Lacy Register

    Alternative Listing Agent

    Compass

    DRE #01980850

    lacy.register@compass.com

    P: (310)-422-7291

Property Details for 5166 South Manhattan Place

Zoning
LAR1
Living Area
1456
Source Living Area
Vendor Enhanced
Area
Park Hills Heights (PHHT)
Vacancy Rate
0
Lot Size Area
5676
Source Lot Size Area
Assessor
Assessor Parcel Number
5005-029-011
LISTING UPDATED: 12/11/2024 10:36 AM

Property Details for 5166 South Manhattan Place

StatusSold
MLS #24-415423
Days on Market114
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.13 AC / 5,676 SF
CountyLos Angeles County

Building Information for 5166 South Manhattan Place

Stories1Residences-Year Built1922Building Size-Lot Size0.13 AC / 5,676 SF

Property Information for 5166 South Manhattan Place

Community / Development
Community / Development
  • Number Of Units: 2
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Duplex
  • Direction Faces: West
  • Water: District
  • Water Heaters: Yes
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: $37,164
  • Net Operating Income: $29,669.00
  • Gross Income: $37,164
  • Cap Rate: 3.96%
  • Gross Rent Multiplier: $20.00
  • Financial Info as Of: 07/16/2023
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 7494
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1303
Parking Details
Parking Details
  • Parking Garage: Driveway Gate, Driveway - Concrete, Garage Is Detached
  • Total Parking: 5
  • Covered Parking: 2
  • Open Other Spaces Total: 3
Interior Features
Interior Features
  • Levels: One
  • Fireplace Rooms: None
  • Cooling Type: None
  • Heating Type: Wall
  • Equipment: Stackable W/D Hookup, Range/Oven, Dishwasher
  • Cooking Appliances: Range, Oven, Microwave
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Pool: No
  • Pool Description: None
  • Spa: No
  • Spa: None
  • Other Structures: Other
Lease Terms
Lease Terms
  • Tenant Pays: Gas, Electricity, Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,134.00
  • Unit Actual Rent: $1,134.00
  • Unit Projected Rent: $1,965.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,963.00
  • Unit Actual Rent: $1,963.00
  • Unit Projected Rent: $1,965.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $170,184.00
  • Assessed Improvement Percent: 35.05
  • Assessed Land Value: $315,353.00
  • Assessed Land Percent: 64.95
  • Assessed Total Value: $485,537.00

Property History for 5166 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 5166 South Manhattan Place

Taxable ValueLand$328,093Additions$177,058Total$505,151
Tax Record2024$6,443 ($537 / month)
Home Facts
Total Finished SqFt1,456 SqFtAbove Grade Finished SqFt1,456 SqFtLot Size5,676 SqFtStyleDuplexYear Built1922ZoningLAR1CountyLOS ANGELESAPN5005-029-011

Schools near 5166 South Manhattan Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 8
Public - 6 to 11
Public - 9 to 12
Rating
School
Distance
Angeles Mesa Elementary School
PublicK to 5

Western Avenue Technology Magnet
PublicK to 8

Barack Obama Global Preparation Academy
Public6 to 11

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

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Similar Sold Homes

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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 Compass, Karlyn Nelson, DRE #02051690; Compass, Lacy Register, DRE #01980850

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.