1408 S Manhattan Place Los Angeles, CA 90019
Harvard Heights Neighborhood
9
Beds
5
Baths
3,923
Sq Ft
8,109
Sq Ft Lot
Highlights
- No HOA
- Floor Furnace
- Level Lot
- Neighborhood Views
About This Home
As of May 2018We are pleased to present a value added opportunity located at 1408 S Manhattan Pl in Los Angeles. The property is currently operated as a licensed Board and Care Facility featuring 9 rooms and 5 bathrooms with occupancy for up to 15 individuals. Excellent opportunity for owner/user, investor, or developer to reposition and add value. Large, spacious two story building with multiple uses. Ideal Uses Include Boarding House, Care Facility, Shared Housing, SFR, Airbnb, Duplex/MF Conversion, and Redevelopment (Buyer to Verify). Centrally located in Harvard Heights, the property is adjacent to desirable Country Club Park and minutes away from Korea Town, West Adams, Mid-Wilshire and Downtown LA. It is situated in close proximity to the 10 and 110 FWYs as well as the Metro Blue Line.
Last Agent to Sell the Property
Keller Williams Encino/Sherman Oaks License #01519849 Listed on: 10/24/2016
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $20,061
Year Built
- Built in 1912
Lot Details
- 8,109 Sq Ft Lot
- Level Lot
- Property is zoned LAR2
Parking
- 1 Car Garage
Interior Spaces
- 3,923 Sq Ft Home
- Neighborhood Views
Bedrooms and Bathrooms
- 9 Bedrooms | 4 Main Level Bedrooms
- 5 Full Bathrooms
Additional Features
- Exterior Lighting
- Floor Furnace
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 5073010010
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 22, 2018
Sold by
Alma Housing Solutions Lcl
Bought by
Manhattan 1408 Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,160,000
Interest Rate
4.4%
Mortgage Type
Commercial
Purchase Details
Listed on
Oct 24, 2016
Closed on
Jan 13, 2017
Sold by
Simon Ruby
Bought by
Alma Housing Solutions Llc
Seller's Agent
Justin Dae
Keller Williams Encino/Sherman Oaks
List Price
$799,000
Sold Price
$795,000
Premium/Discount to List
-$4,000
-0.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.28%
Original Mortgage
$910,000
Interest Rate
4.12%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 20, 1994
Sold by
Simon Ernest W
Bought by
Simon Ernest W and Ernest W Simon Family Trust
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,450,000 | Lawyers Title | |
| Grant Deed | $795,000 | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,633,950 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Closed | $1,458,000 | Commercial | |
| Previous Owner | $1,160,000 | Commercial | |
| Previous Owner | $910,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/25/2018 05/25/18 | Sold | $1,450,000 | 0.0% | $370 / Sq Ft |
| 03/21/2018 03/21/18 | Pending | -- | -- | -- |
| 03/16/2018 03/16/18 | For Sale | $1,450,000 | +82.4% | $370 / Sq Ft |
| 02/24/2017 02/24/17 | Sold | $795,000 | -0.5% | $203 / Sq Ft |
| 01/04/2017 01/04/17 | Pending | -- | -- | -- |
| 10/24/2016 10/24/16 | For Sale | $799,000 | -- | $204 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $20,061 | $1,617,498 | $1,338,621 | $278,877 |
| 2023 | $19,680 | $1,585,783 | $1,312,374 | $273,409 |
| 2022 | $18,777 | $1,554,691 | $1,286,642 | $268,049 |
| 2021 | $18,536 | $1,524,208 | $1,261,414 | $262,794 |
| 2019 | $17,987 | $1,479,000 | $1,224,000 | $255,000 |
| 2018 | $10,127 | $810,900 | $612,000 | $198,900 |
| 2016 | $3,114 | $230,254 | $78,043 | $152,211 |
| 2015 | $3,073 | $226,796 | $76,871 | $149,925 |
| 2014 | $3,093 | $222,355 | $75,366 | $146,989 |
Source: Public Records
Agents Affiliated with this Home
-
A
Seller's Agent in 2018
Alena Itkin
Beverly and Company, Inc.
-
Justin Dae
Buyer's Agent in 2018
Justin Dae
Keller Williams Encino/Sherman Oaks
(818) 929-1906
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR16727666
APN: 5073-010-010
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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