222 N Manhattan
Los Angeles, CA, 90004 $ 6,249,000
Baths1.0 Sq 14,908 Monthly Estimate*
$ 39,457
Listed by Burts & Associates
Studio for $6,249,000 with 1 full bath. This 14,908 square foot home was built in 1917 on a lot size of 0.1583.
Motivated Seller - Bring Offers. No City of Los Angeles Rent Control. Burts & Associates is proud to present 222 N. Manhattan Place, an exceptional opportunity to acquire a 16-unit, 2023-built multifamily property in a central Los Angeles location. The property offers investors the benefits of newer construction, modern building systems, contemporary design, and limited near-term capital expenditure requirements. The building features a desirable unit mix consisting of 14 one-bedroom units, one two-bedroom unit, and one studio. The residences offer thoughtfully designed floor plans with contemporary interiors, modern kitchens and bathrooms, high ceilings, hardwood-style flooring, stainless steel appliances, in-unit laundry, and private balconies in select units. The larger floor plans and modern finishes provide an attractive residential offering for today's Los Angeles renter. Building amenities include 12 subterranean parking spaces, 18 bicycle parking spaces, elevator service, controlled access, and separately metered utilities. The property's newer construction and efficient building systems provide ownership with a lower-maintenance multifamily investment compared with much of Los Angeles' older apartment inventory. Ideally situated near Koreatown, Larchmont Village, Hollywood, and Downtown Los Angeles, 222 N. Manhattan Place provides convenient access to major employment centers, restaurants, shopping, entertainment, and public transportation. The combination of 2023 construction, modern amenities, efficient operations, on-site parking, and a strong central Los Angeles location makes the property an attractive opportunity for an investor seeking a high-quality, newer-construction multifamily asset.
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FeaturesGeneralSewer Public Sewer
HOA Fee 0
Garage Spaces 12
Pool Features None
Year Built 1917
Property Subtype Apartment
Gross Income 483888
Community Features Curbs Gutter(s) Storm Drain(s) Street Lights Suburban Sidewalks
County Los Angeles
Net Operating Income 343136
Operating Expense 134874
Insurance Expense 10000
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 6880
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Locataed just south of Beverly Boulevard on Manhattan Place
City Los Angeles
Entry Location Front - Street
Senior Community Y/N false
Number Of Units Total 16
MLS Area C17 - Mid-Wilshire
Lot Size Units Square Feet
Lot Size Square Feet 6895
Listing Terms Cash Cash to New Loan
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 500
Fuel Expense 3720
Trash Expense 2500
Water Sewer Expense 4000
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 15
Property Sub Type Additional Apartment
Taxes 76237
Cap Rate 5.49
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InteriorTotal Stories 4
Common Walls 2+ Common Walls
Laundry Features Washer Hookup Electric Dryer Hookup Gas Dryer Hookup Inside
Entry Level 1
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ExteriorParking Features Controlled Entrance Underground Garage Garage Door Opener Gated Off Street Tandem
Lot Features Landscaped Level Paved Rectangular Lot Sprinkler System
Water Source Public
Total Parking 12
Lot Size Area 6895
Number of Buildings 1
Building Area Total 14908
Lot Size Acres 0.1583
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 17
Number of Separate Electric Meters 17
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* Excluded FeaturesList Bycynthiaburts11@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $39,457
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 $1,838,648
Percent of Sale Price 71%
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 |
|---|
| 8/17/2026 | $6,249,000 | | Listed Price |