722 S Manhattan Pl, Los Angeles, CA 90005

$4,950,000
9
BD
21
BA
11,965
SqFt
List Price
$4,950,000
MLS#
24-353693
Year Built
1936
Bedrooms
9
Bathrooms
21
Living Sq. Ft
11,965
Lot Size
7,503
Lot Location
City
Days on Market
23
Property Type
Multifamily
Stories
3

Property Description

We are pleased to present a nineteen (19) unit apartment building located at 722 S Manhattan Place in Los Angeles, California. The subject property is located in a prime Koreatown location south of Wilshire Boulevard and west of S Western Avenue. Built in 1936, this property contains a great unit mix of twelve (12) studio / one-bathroom units, five (5) one-bedroom / one-bathroom units, and two (2) two-bedroom / two-bathroom units. The property is gated and secure with character, French Normandy style architecture in an area that is surrounded by new construction just south of Wilshire Boulevard. Tenants will love living in the heart of Koreatown; just down the street from some of the trendiest retail, restaurant, and entertainment amenities in Los Angeles. The neighboring properties include a new construction 160-unit complex with luxury amenities, and a vacant lot with permits in progress for a new 60-unit, 59,666 SF 7-story edifice. Situated in a prime Koreatown location, this offering presents an excellent opportunity for any investor to capitalize on a rare, mid-size residential asset with interest only assumable financing at an attractive 5.09% interest rate in one of the trendiest markets of Los Angeles.

Additional Information

Lot Description
Single Lot
Other Buildings
None
Pool Description
None
Heat
Wall
Cooling
Air Conditioning
Number of Cars in Garage
None

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of Marcus & Millichap, Jason Tuvia - CA DRE#01772495

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