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Property Description

We are pleased to present a nineteen (19) unit apartment building located at 722 S Manhattan Place in Los Angeles, California. The subject property is located in a prime Koreatown location south of Wilshire Boulevard and west of S Western Avenue. Built in 1936, this property contains a great unit mix of twelve (12) studio / one-bathroom units, five (5) one-bedroom / one-bathroom units, and two (2) two-bedroom / two-bathroom units. The property is gated and secure with character, French Normandy style architecture in an area that is surrounded by new construction just south of Wilshire Boulevard. Tenants will love living in the heart of Koreatown; just down the street from some of the trendiest retail, restaurant, and entertainment amenities in Los Angeles. The neighboring properties include a new construction 160-unit complex with luxury amenities, and a vacant lot with permits in progress for a new 60-unit, 59,666 SF 7-story edifice. Situated in a prime Koreatown location, this offering presents an excellent opportunity for any investor to capitalize on a rare, mid-size residential asset with interest only assumable financing at an attractive 5.09% interest rate in one of the trendiest markets of Los Angeles.

Features
: Wall Furnace
3
0
Additional Information
Marcus & Millichap
0
CLW-X92444
CLW-X75151
Jason
5093004011
: Standard
Multi/Split
32

Multi-Family For Sale

722 Manhattan Place, Los Angeles, California 90005

11,965 Sqft
$4,950,000
Listing ID #24353693
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24353693
Price : $4,950,000
Living Area : 11,965 Sqft
Lot Size : 7,503 Sqft
Year Built : 1936
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90005
Price Per Square Foot : $414
ModificationTimestamp : 2024-02-08 05:16:47
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