204 N Manhattan Place
Los Angeles, CA, 90004 $ 5,495,000
Bedrooms25 Baths1.0 Sq 12,628 Monthly Estimate*
$ 34,282
Listed by Global Platinum Properties, Inc.
for $5,495,000 with 25 bedrooms and 1 full bath. This 12,628 square foot home was built in 1961 on a lot size of 0.3287.
Price Reduction! Well maintained 17-unit building in prime Hancock Park/Larchmont Village area cash flowing at an amazing Current Cap Rate of 5.3% from day 1 with upside to 7.5% Cap Rate on Proforma. Approved RTI plans to add 4 detached ADUs to achieve a remarkable 7% Current Cap Rate, 9.2% Proforma Cap Rate, and only 277k/door after taking into account all constructions costs (~340k assuming $250/SF). Large unit mix of 6 (2bed/2bath) units, 2 (2bed/1bath) units, and 9 (1bed/1bath) units including 3 newly-built attached ADUs. Select units have been renovated and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, stainless steel appliances, and major exterior capital improvements. Amenities include a renovated pool and courtyard with seating areas, on-site laundry facilities, secure entry, and parking for convenience. Individually metered for gas & electricity with soft-story retrofit already completed. Large 14,364 SF R3 TOC Tier 3 corner lot for future development potential. Located in the heart of Hancock Park just minutes away from Larchmont Village, Koreatown, Hollywood, and Melrose as well as many hip neighborhood attractions, restaurants, bars, and shops such as Wilshire Country Club, Paramount Studios, H Mart, Levain Bakery, Salt & Straw, and Great White, popping up all around the area.
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FeaturesGeneralLiving Area 12628
Heating Electric
Zoning LAR3
Pool Features In Ground
Security Features Gated Community
Year Built 1961
Stories Count 2
Levels Two
Gross Income 425016
Community Features Gated
County Los Angeles
Net Operating Income 291053
New Construction 0
Property Type Residential Income
HOA 0
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions Located on the South East Corner of Manhattan & Council
City Los Angeles
Senior Community Y/N 0
Number Of Units Total 17
MLS Area C18 - Hancock Park-Wilshire
Lot Size Units Square Feet
Lot Size Square Feet 14319
Property Condition Updated/Remodeled
Standard Status Active
Occupancy Type Tenant
Cap Rate 5.3
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InteriorTotal Stories 2
Heating Y/N 1
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 25
Total Baths 23
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ExteriorParking Features Gated
Total Parking 8
Lot Size Area 14319
Number of Buildings 1
Building Area Total 12628
Lot Size Acres 0.3287
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* Excluded FeaturesList ByGlobal Platinum Properties, Inc.Broker
arminsoleimani@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $34,282
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,905,483
Percent of Sale Price 65%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/20/2025 | $5,495,000 | | Listed Price |