722 S Manhattan Pl - Apartments FOR SALE


Los Angeles, CA 90005- Koreatown
$4,500,000 USD
310-621-8221
722 S Manhattan Pl, Los Angeles, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/28
null | 6% Cap Rate

722 S Manhattan Pl
Los Angeles, CA 90005
Koreatown


HIGHLIGHTS

  • French Normandie Architecture
  • 6.00% Cap Rate with Upside
  • Prime Koreatown Location
  • Part of a 3 Property Portfolio

OVERVIEW

The La Trio Portfolio consists of 3 apartment buildings located in the East Hollywood, Hollywood, and Koreatown neighborhoods of Los Angeles. Curson and Willowbrook are of 1920’s vintage, with Manhattan constructed in the 1930’s. They have all been dramatically upgraded, both cosmetically and mechanically, with numerous upgrades including heavy renovations to the common areas and units upon vacancy. Willowbrook has 6 surface parking spaces in the rear and the other two properties have no on site parking. All three properties are subject to Los Angeles rent stabilization (rent control) and therefore have significant rental upside. Properties can be individually purchased or purchased in any combination.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$376 USD /SF

# OF UNITS

19

PRICE/UNIT

$236,842

CAP RATE

6%

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

19 Units-French Normandie-Koreatown

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1936

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R4-4, Los Angeles

APN/PARCEL ID

5093-004-011

ASK ABOUT THIS PROPERTY

Brent SprenkleNorthmarqMore Info
310-621-8221

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Brent SprenkleNorthmarqMore Info
310-621-8221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.