NOT LISTED FOR SALE

1401 S Manhattan Place Los Angeles, CA 90019

Harvard Heights Neighborhood
21 Beds
15 Baths
8,675 Sq Ft
0.3 Acres

Last Sold January 13, 2021

Last sale price $3,540,000 $408 Per Sq Ft

100 Days on Market

About This Home

As of January 2021

Price reduced by $360.000. The new asking price is $3,540,000. The Manhattan Place Apartments is a 15-unit apartment building location in the Koreatown area of Los Angeles. The property has a unit mix consisting of nine apartments that are one-bedroom with one-bathroom and six apartments that are two-bedrooms with one-bathroom. There is tuck under and open parking in the rear of the property for approximately 15 vehicles. The seller recently completed the city of Los Angeles required soft story structural retrofitting. The property is of two-story wood frame and stucco construction with a central courtyard. Units are individually metered for gas and electricity. The property is within a short distance to the intersection of Pico Boulevard and Western Avenue and close the 10 freeway. As of September 2020, all of the units are leased, and all tenants are currently paying rent monthly.

Last Agent to Sell the Property

Brent Sprenkle

Berkadia License #01290116 Listed on: 07/09/2020

Last Buyer's Agent

Brent Sprenkle

Berkadia License #01290116 Listed on: 07/09/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.3 Acre Lot

Interior Spaces

  • 8,675 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 21 Bedrooms
  • 15 Bathrooms

Parking

  • 15 Parking Spaces
  • Assigned Parking

Community Details

  • 15 Units

Listing and Financial Details

  • Assessor Parcel Number 5073-008-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 8675
  • Lot Acreage: 0.3017
  • Stories: 2
  • Year Built: 1962
  • Number Of Photos: 21
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 21
  • Total Bathrooms: 15.00
  • Price Per S Q F T: 408.07

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 15

Lot Info

  • Assessed Improvement Percent: 71.18
  • Assessed Improvement Value: 738939
  • Assessed Land Percent: 28.82
  • Assessed Land Value: 299123
  • Total Assessed Value: 1038062
  • Assessor Parcel Number: 5073-008-004
  • Lot Size Area: 13145

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.50
  • Number Of Units: 15
  • Total Annual Expense: 97596
  • Type Of Units: 15
  • Vacancy Rate: 0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2021 01/13/21 Sold $3,540,000 0.0% $408 / Sq Ft
10/17/2020 10/17/20 Pending -- -- --
09/10/2020 09/10/20 Price Changed $3,540,000 -9.2% $408 / Sq Ft
07/09/2020 07/09/20 For Sale $3,900,000 -- $450 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Brent Sprenkle

    Berkadia

    Section Image
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Map

Source: The MLS

MLS Number: 20-601842

The MLS

California Los Angeles County Los Angeles 90019 Harvard Heights

1401 S Manhattan Place, Los Angeles, CA

This home is located at 1401 S Manhattan Place, Los Angeles, CA 90019 since 09 July 2020. This property was built in 1962. 1401 S Manhattan Place is a home located in Los Angeles County with nearby schools including Los Angeles Elementary School, Pio Pico Middle School, and West Adams Preparatory High School.

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