Homes for sale - 5507 S Manhattan Place, Los Angeles, CA 90062

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Zach Arrington

zach@zarealtygroup.com +1(619) 374-5339

$ 1,625,000

Est. payment | -/mo

12 Beds

8 Baths

4,236 SqFt

Save

$ 1,625,000

Est. payment | -/mo

Save

12 Beds

8 Baths

4,236 SqFt

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

Listed by Brenda Hailey eXp Realty of Greater Los Angeles, Inc.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 374-5339

zach@zarealtygroup.com

1420 Kettner Blvd suite 100, San Diego, California, 92101, USA

5507 S Manhattan Place Los Angeles, CA 90062