204 North Manhattan Place
Los Angeles, CA, 90004 $ 5,495,000
Baths0.0 Sq 12,628 Monthly Estimate*
$ 34,282
Studio for $5,495,000. This 12,628 square foot home was built in 1961 on a lot size of 0.33.
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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FeaturesGeneralZoning LAR3
Security Features Gated Community
Year Built 1961
Levels Two
County Los Angeles
Net Operating Income 291053.0
New Construction No
Property Type C
HOA No
Status Active
City Los Angeles
Senior Community Y/N No
MLS Area HPK - Hancock Park
Lot Size Units Square Feet
Lot Size Square Feet 14319.0
Spa Features In Ground
Property Condition Updated/Remodeled
Standard Status Active
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InteriorFireplace Features Electric
Total Stories 2
Heating Y/N Yes
Fireplace Y/N Yes
Total Baths 0
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ExteriorLot Size Area 14319.0
Pool Y/N? Yes
Building Area Total 12628.0
Lot Size Acres 0.33
Land Lease Type Fee
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* Excluded FeaturesList ByArmin SoleimaniListing Agent
Global Platinum Properties, Inc.Broker
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 $1,903,492
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.
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/4/2025 | $5,495,000 | | Listed Price |