5507 S Manhattan Place Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90062
Key Details
Property Type Condo
Sub Type All Other Attached
Listing Status Active
Purchase Type For Sale
Square Footage 4,236 sqft
Price per Sqft $383
MLS Listing ID BB25199346
Bedrooms 12
Full Baths 8
Year Built 2024
Property Sub-Type All Other Attached
Property Description
Calling all investors Dont miss this rare chance to own a fully upgraded 4-unit income property featuring two duplexes on a 6055 sq foot lot. The unique set up features one newly built in 2024 and one beautifully updated Spanish classic. With a cap rate of 7.13% and a gross rent multiplier (GRM) of 10.95, this asset presents strong current returns and long-term appreciation in a high-demand rental market. This property is one of three 4-unit investment properties available in a portfoliooffering great opportunity for buyers looking to invest in an individual or multiple income-generating assets. The rear duplex offers two units with approx. 1,200 sq ft each, 3 bedrooms and 2 bathrooms. These modern units boast 16-ft ceilings, recessed lighting, wide plank vinyl flooring, dual-pane windows, tankless water heaters, in-unit washer/dryer hookups, fully paid-off solar panels, and fire suppression systems. The front Spanish-style duplex, built in 1923, retains its vintage charm while offering updated comfort. Each unit features 3 bedrooms and 2 bathrooms within approx. 918 sq ft, with new vinyl flooring, upgraded countertops, and in-unit laundry hookups. Additional improvements include a new roof (2016) and electrical panel upgrade (2024). Copper plumbing runs throughout, and each unit has its own electric subpanel and independent electric meter, ensuring complete control over utilities. Centrally located near shopping malls, major freeways, Park Mesa Heights, SOFI Stadium, Downtown LA, USC, Crypto Arena, the upcoming Los Angeles Clippers Stadium, and more. A must-see income pro
Location
State CA
County Los Angeles
Direction West of Western Avenue / North of Slauson Avenue
Interior
Heating Forced Air Unit
Cooling Central Forced Air
Flooring Linoleum/Vinyl,Tile
Fireplace No
Appliance Solar Panels,Gas & Electric Range
Laundry Gas,Washer Hookup
Exterior
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N Yes
Water Access Desc Public
Roof Type Shingle
Accessibility None
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Tax ID 5505025026
Special Listing Condition Standard