NOT LISTED FOR SALE

1409 S Manhattan Place Los Angeles, CA 90019

Harvard Heights Neighborhood
3 Beds
3 Baths
17,263 Sq Ft
0.3 Acres

Last Sold June 16, 2021

Last sale price $4,700,000 $272 Per Sq Ft

7 Days on Market

Highlights

  • Gated Parking
  • 0.3 Acre Lot
  • Laundry Room

About This Home

As of June 2021

Mid City 24 unit apartment building with a mix of (8) 2 bedroom, (10) 1 bedroom, (6) singes. Centrally located in Arlington Heights, close to all. Easy access to the 10 Freeway, just south of Koreatown. This is your opportunity to own a larger complex than you normally find in this highly desirable area of Los Angeles. Soft Story CofC 06/20/2020

Last Agent to Sell the Property

Wendy Morley

Pinnacle Estate Properties, Inc. License #01788681 Listed on: 03/22/2021

Pinnacle Estate Properties, Inc.

Co-Listed By

Larry Smart

Pinnacle Estate Properties, Inc. License #01024190

Last Buyer's Agent

Jared Levine

Keller Williams Realty Calabasas License #01804008

Keller Williams Realty Calabasas

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.3 Acre Lot
  • Two or More Common Walls

Home Design

  • 17,263 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Parking Available
  • Covered Parking
  • Gated Parking

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 6 / 4
  • Assessor Parcel Number 5073008005

Community Details

Building Details

  • 24 Leased Units
  • Rent Control
  • Electric Expense $2,394
  • Fuel Expense $4,490
  • Insurance Expense $12,209
  • Professional Management Expense $14,385
  • Trash Expense $3,396
  • Water Sewer Expense $17,577
  • New Taxes Expense $60,625
  • Operating Expense $111,690
  • Gross Income $319,663
  • Net Operating Income $175,090

Additional Features

  • 24 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 14385.00
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 17577.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5073008005
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 272.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Covered, Gated

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3396.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 13147.00
  • Lot Size Acres: 0.3018

Multi Family

  • Electric Expense: 2394.00
  • Fuel Expense: 4490.00
  • Gross Income: 319663.00
  • Gross Multiplier: 15.10
  • Gross Scheduled Income: 319663.00
  • Insurance Expense: 12209.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 4753.00
  • Lot Size Area: 13147.0000 Square Feet
  • Net Operating Income: 175090.00
  • Number Of Units Leased: 24
  • Number Of Units Total: 24
  • Operating Expense: 144573.00
  • Rent Control: Yes
  • Total Actual Rent: 29200.00
  • Total Expenses: 111690.00

Tax Info

  • New Taxes Expense: 60625.00
  • Tax Block: 4
  • Tax Census Tract: 2213.03
  • Tax Lot: 6

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
06/16/2021 06/16/21 Sold $4,700,000 -3.1% $272 / Sq Ft
03/29/2021 03/29/21 Pending -- -- --
03/22/2021 03/22/21 For Sale $4,850,000 -- $281 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Wendy Morley

    Seller's Agent in 2021

    Wendy Morley

    Pinnacle Estate Properties, Inc.

    (818) 665-9202

    6 in this area

    70 Total Sales

    Wendy Morley
    Section Image
  • Larry Smart

    Seller Co-Listing Agent in 2021

    Larry Smart

    Pinnacle Estate Properties, Inc.

    (805) 444-6665

    6 in this area

    70 Total Sales

    Larry Smart
    Section Image
  • Jared Levine

    Buyer's Agent in 2021

    Jared Levine

    Keller Williams Realty Calabasas

    (818) 657-6500

    1 in this area

    14 Total Sales

    Jared Levine
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21057570

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90019 Harvard Heights

1409 S Manhattan Place, Los Angeles, CA

This home is located at 1409 S Manhattan Place, Los Angeles, CA 90019 since 22 March 2021. This property was built in 1964. 1409 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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