204 N Manhattan Pl - Apartments FOR SALE
Los Angeles, CA 90004 |
204 N Manhattan Pl
Los Angeles, CA 90004
HIGHLIGHTS
- Well-maintained 17-unit building in the prime Hancock Park/Larchmont Village area, with a current Cap Rate of 5.3% and potential to reach 7.5%
- Approved RTI plans to add 4 detached ADUs, boosting the Cap Rate to 7% (current) and 9.2% (proforma), with an estimated construction cost of $340k
- Diverse unit mix including 6 (2 bed/2 bath), 2 (2 bed/1 bath), and 9 (1 bed/1 bath) units, featuring some renovations with high-end finishes
- Select units are fully renovated with modern cabinets, flooring, lighting, new bathrooms, stainless steel appliances, and major exterior upgrades
- Amenities include a renovated pool and courtyard, on-site laundry, secure entry, and parking. All units are individually metered
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Reduced! 5.3% Cap 17 Units +RTI Plans 4 ADUs!
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
12628
STORIES
2
YEAR BUILT
1961
PARKING SPACES
11
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
5517-004-011
