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204 N Manhattan Pl
Los Angeles, CA 90004

$5,195,000 USD

Apartments For Sale • 12,628 SF

Property Details

Property Type Apartments
Total Building Size 12,628 SF
Lot Size 0.33 AC
Building Class B
Year Built 1961
Cap Rate 5.50 %
Zoning R3

62 Transit Score

96 Walk Score

                
                    Highlights
                
                                Well maintained 17-unit 12,628 SF building in prime Hancock Park/Larchmont Village area cash flowing at an amazing Current Cap Rate of 5.5%!
                            
                                Cash flowing at a current Cap Rate of 5.5% and 12.7 GRM with potential to increase to 8.1% Cap Rate and 9.4 GRM on proforma
                            
                                Majority of units have been recently renovated, making them move-in ready for tenants
                            
                                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.

Property Flyers

Offering Memorandum

Cap Rate:

5.50 %

Amenities

Air Conditioning
Balcony
Laundry Facilities
Storage Space

Public Transportation

Commuter Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	9 min	-	4.9 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	11 min	-	5.1 mi
Transit/Subway	Drive	Walk	Distance
Wilshire/Western Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	18 min	0.9 mi
Airport	Drive	Walk	Distance
Bob Hope	19 min	-	11.1 mi
Los Angeles International	24 min	-	12.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	1
Type:	Surface
Included in Rent:	Yes

Armin Soleimani 310-666-2246 Global Platinum Properties

204 N Manhattan Pl Los Angeles, CA 90004