Mohr Real Estate Group

Mohr Real Estate Group

204 N Manhattan Place Los Angeles CA 90004 MLS #24448961

204 N Manhattan Place
Los Angeles, CA, 90004
$5,195,000
Beds
0 Baths
SqFt
0.33 Acres
Add
Add
$5,195,000
204 N Manhattan Place
Los Angeles, CA, 90004
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Property Description


Well-maintained 17-unit building cash flowing at an amazing Current Cap Rate of 5.5% and 12.7 GRM from day 1 with an incredible 35% upside to 8.1% Cap Rate and 9.4 GRM on proforma in prime Hancock Park/Larchmont Village area. Excellent and large unit mix of 6 (2bed/2bath) units, 2 (2bed/1bath) units, and 9 (1bed/1bath) units including 3 brand-new (1bed/1bath) ADUs. Additionally, 4 of the units have been renovated and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, stainless steel appliances, and major exterior capital improvements. Amenities include a renovated pool and courtyard with seating areas, on-site laundry facilities, secure entry, and covered parking spaces for convenience. Individually metered for gas & electricity with soft-story retrofit already completed. Large 14,364 SF R3 TOC Tier 3 corner lot for future development potential. Located in the heart of Hancock Park just minutes away from Larchmont Village, Koreatown, Hollywood, and Melrose as well as many hip neighborhood attractions, restaurants, bars, and shops such as Wilshire Country Club, Paramount Studios, H Mart, Levain Bakery, Salt & Straw, and Great White, popping up all around the area.

Property Details

Price:
$5,195,000
MLS #:
24448961
Status:
Active
Baths:
0
Address:
204 N Manhattan Place
Type:
Residential Income
Neighborhood:
c18hancockparkwilshire
City:
Los Angeles
Listed Date:
Oct 2, 2024
State:
CA
ZIP:
90004
Lot Size:
14,319 sqft / 0.33 acres (approx)
Year Built:
1961

Schools

Interior

Appliances
Refrigerator
Heating
Wall Furnace
Interior Features
Ceiling Fan(s)

Exterior

Parking Features
Attached Carport
Parking Spots
4.00
Stories Total
2

Financial

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204 N Manhattan Place
Los Angeles, CA
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