655 N Manhattan Pl

Los Angeles, CA 90004

$3,600,000
Last Sold Price
28
Beds
18
Baths
12,476 Sq. Ft.
$289 / Sq. Ft.
12,476
Sq. Ft.
$289
per Sq. Ft.

Description

The Manhattan, an 18-unitapartment building located in the Melrose Hill submarket of Los Angeles. First time on the market in over 50 years, this value-add asset has been well maintained but never been completely remodeled. The Manhattan features an excellent unit mix of seven 1 Bedroom/1 Baths and eleven 2 Bedroom/1Baths. Built in 1953, the square footage of the improvements is 12,476 and sits on a 12,494 square foot lot. The Manhattan is a charming two-story walk-up with an airy courtyard that...The Manhattan, an 18-unitapartment building located in the Melrose Hill submarket of Los Angeles. First time on the market in over 50 years, this value-add asset has been well maintained but never been completely remodeled. The Manhattan features an excellent unit mix of seven 1 Bedroom/1 Baths and eleven 2 Bedroom/1Baths. Built in 1953, the square footage of the improvements is 12,476 and sits on a 12,494 square foot lot. The Manhattan is a charming two-story walk-up with an airy courtyard that allows access to all the units. The property has 9 on-grade garage parking spaces and is individually metered for both gas and electric.
  1. Listed by Adam Zunder • DRE #01821053 • Brokerage DRE #01229985 • Iconic Investments

Property Details for 655 North Manhattan Place

Zoning
LAC2
Parcel Number
5522009026
Total Units
18.0
Living Area
12476
Source Living Area
Vendor Enhanced
Area
Hancock Park-Wilshire
Vacancy Rate
3%
Lot Size Area
12494
LISTING UPDATED: 06/12/2023 11:06 AM

Property Details for 655 North Manhattan Place

StatusSold
MLS #23-260149
Days on Market44
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.29 AC / 12,494 SF
CountyLos Angeles County

Location

Listing Courtesy of Iconic Investments, Adam Zunder, DRE #01821053

Sold By SoCal 5 Real Estate, Oscar Mendoza, DRE #01230274

Add your commute

Building Information for 655 North Manhattan Place

Stories2Residences-Year Built1953Building Size-Lot Size0.29 AC / 12,494 SF

Payment Calculator

$22,698 per month

30 year fixed, 6.845% Interest

Principal and Interest

$18,862

Property Taxes

$3,836

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 655 North Manhattan Place

Community / Development
Community / Development
  • Number Of Units: 18
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $313,571
  • Net Operating Income: $173,140.00
  • Gross Income: $305,659
  • Gross Rent Multiplier: $11.78
  • Total Annual Expense: 140431
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2868
  • Lot Size Square Feet: 12494
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 9
  • Parking Features: Assigned
Interior Features
Interior Features
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-13-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,366.00
  • Unit Actual Rent: $9,562.00
  • Unit Projected Rent: $12,950.00
  • Like Units: 7
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,518.00
  • Unit Actual Rent: $16,698.00
  • Unit Projected Rent: $25,300.00
  • Like Units: 11
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,030,567.00
  • Assessed Improvement Percent: 22.22
  • Assessed Land Value: $3,606,985.00
  • Assessed Land Percent: 77.78
  • Assessed Total Value: $4,637,552.00

Property History for 655 North Manhattan Place

DateEvent & SourcePriceAppreciation
Jun 12, 2023

Sold

CRMLS #23260149

$3,600,000—
Jun 12, 2023

Sold

CLAW #23-260149

$3,600,000—
May 27, 2023

Pending

CRMLS #23260149

—
May 27, 2023

Pending

CLAW #23-260149

—
May 5, 2023

Sold (Public Record)

Public Record #1512391731

$3,600,000—
Apr 13, 2023

Listed (Active)

CRMLS #23260149

$3,600,000—
Apr 13, 2023

Listed (Active)

CLAW #23-260149

$3,600,000—
DateEvent & SourcePrice
06/12/2023

Sold

CRMLS #23260149

$3,600,000
06/12/2023

Sold

CLAW #23-260149

$3,600,000
05/27/2023

Pending

CRMLS #23260149

—
05/27/2023

Pending

CLAW #23-260149

—
05/05/2023

Sold (Public Record)

Public Record #1512391731

$3,600,000
04/13/2023

Listed (Active)

CRMLS #23260149

$3,600,000
04/13/2023

Listed (Active)

CLAW #23-260149

$3,600,000

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

Public Records for 655 North Manhattan Place

Taxable ValueLand$2,203,200Additions$1,469,250Total$3,672,450
Tax Record2024$46,030 ($3,836 / month)
Home Facts
Total Finished SqFt12,476 SqFtAbove Grade Finished SqFt12,476 SqFtLot Size12,494 SqFtStyleMulti-Family Res (5+ Units)ZoningLAC2CountyLOS ANGELESAPN5522-009-026

Schools near 655 North 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
Public - 7 to 12
Rating
School
Distance
Van Ness Avenue Elementary School
PublicK to 5

Joseph Le Conte Middle School
Public6 to 8

Fairfax Senior High School
Public9 to 12

Richard A. Alonzo Community Day School
Public7 to 12

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.

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Listing Courtesy of Iconic Investments, Adam Zunder, DRE #01821053

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.