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Listed by Annie Lee, DRE #01968283 • Premier Realty
$1,850,000
Est. payment /mo
6,637 Sqft Lot
Active
139 S Manhattan Los Angeles, CA 90004
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRDW26085689
Year Built 1921
Lot Size 6,637 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Exceptional 4-unit investment opportunity in one of Los Angeles' most desirable rental pockets, ideally located just minutes from Hancock Park, Windsor Square, and Larchmont Village. Situated in a highly sought-after neighborhood with strong and consistent tenant demand, this property offers an attractive combination of stable current income and significant upside potential. The property consists of four spacious 3-bedroom units, including one 3-bedroom, 2.5-bath unit and three 3-bedroom, 2-bath units-an excellent unit mix that appeals to families and long-term tenants. Current rents provide immediate cash flow, while below-market leases offer investors the opportunity to increase income over time. Offered at $1,850,000, the property is projected to achieve approximately a 5.5% pro forma cap rate, making it a compelling value-add opportunity in a high-demand Los Angeles location. Conveniently located near Wilshire Country Club, Koreatown, Downtown LA, Hollywood, and major transportation corridors. A rare chance to acquire a well-located multifamily asset with large units, strong rental demand, and meaningful upside in one of Los Angeles' most established and appreciating neighborhoods.
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Interior
Cooling Window / Wall Unit
Laundry Other
Exterior
Garage Spaces 8.0
Pool None
View City Lights
Building
Lot Description Grade - Level, Paved
Water District - Public
Others
Tax ID 5516025024
Special Listing Condition Not Applicable
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