NOT LISTED FOR SALE

2637 S Manhattan Place Los Angeles, CA 90018

Jefferson Park Neighborhood
30 Beds
16 Baths
9,168 Sq Ft
6,525 Sq Ft Lot

Last Sold August 28, 2022

Last sale price $3,400,000 $371 Per Sq Ft

12 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Side by Side Parking
  • Modern Architecture
  • 9 Car Attached Garage
  • Bathtub with Shower

About This Home

As of August 2022

The property is located in the Jefferson Park neighborhood of Los Angeles, in proximity to USC, the Metro, Downtown, and the 10 Freeway. Originally built in 2007, this property is not subject to rent control. Property mix includes eight (3 bedrooms) and one (4 bedroom) units each with separate gas, electric and water meters, in-unit laundry, private balcony, and on-site secured parking. This property offers investors a rare opportunity to acquire a well-maintained and stabilized asset with low turn over and 5.0% going in cap rate.

Last Agent to Sell the Property

Luis Ruiz

LAR Realty, Inc. License #01295320 Listed on: 05/05/2022

Last Buyer's Agent

Luis Ruiz

LAR Realty, Inc. License #01295320 Listed on: 05/05/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2007

Lot Details

  • 6,525 Sq Ft Lot
  • Sprinkler System

Home Design

  • Modern Architecture
  • Flat Roof Shape
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 9,168 Sq Ft Home
  • 3-Story Property
  • Window Screens

Kitchen

  • Laminate Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 30 Bedrooms
  • 16 Bathrooms
  • Low Flow Toliet
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Gas Dryer Hookup

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • 9 Car Attached Garage
  • Side by Side Parking
  • Auto Driveway Gate

Utilities

  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Gas Water Heater

Additional Features

  • Balcony
  • City Lot

Community Details

  • 9 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Assessor Parcel Number 5052-032-003

Property Details

Home Type

Multi-Family

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Modern
  • Levels: Three Or More
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Ground Level w/steps
  • Living Area: 9168
  • Lot Acreage: 0.1498
  • Stories: 3
  • Year Built: 2007
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate, Hardwood, Vinyl Tile
  • Bedrooms: 30
  • Common Walls: Attached
  • Bathroom Features: Low Flow Toilet(s), Shower and Tub
  • Kitchen Features: Laminate Counters
  • Laundry: In Unit
  • Total Bathrooms: 16.00
  • Equipment: Gas Dryer Hookup, Garbage Disposal
  • Price Per S Q F T: 386.67
  • Windows: Screens

Exterior Features

  • Construction: Combination, Stucco
  • Other Features: Balcony, Slab, Sprinkler System
  • Other Structures: None
  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No
  • Roof: Composition, Flat, Shingle
  • Spa Yn: No
  • View: No

Garage/Parking

  • Covered Parking: 9
  • Number Rented Garages: 9
  • Parking Garage: Covered Parking, Garage Is Attached, Driveway Gate, Side By Side, Attached
  • Total Parking: 9

Utilities

  • Water Heater: Gas
  • Heating: Wall Gas
  • Number Electric Meters: 9
  • Number Gas Meters: 9
  • Number Water Meters: 9
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector, Fire Sprinklers, Exterior Security Lights
  • Sewer: In Connected and Paid
  • Water: Water District, Meter on Property
  • Water Heaters: Yes

Lot Info

  • Sprinklers: Sprinkler System
  • Assessed Improvement Percent: 42.37
  • Assessed Improvement Value: 1250000
  • Assessed Land Percent: 57.63
  • Assessed Land Value: 1700000
  • Total Assessed Value: 2950000
  • Assessor Parcel Number: 5052-032-003
  • Lot Description: Automatic Gate, Storm Drains, Sidewalks, Street Paved, Gutters, Street Lighting
  • Lot Location: City
  • Lot Size Area: 6525

Rental Info

  • Rent Control: No
  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
  • Gross Rent Multiplier: 13.98
  • Number Of Units: 9
  • Total Annual Expense: 71329
  • Type Of Units: Multi Res
  • Vacancy Rate: 2.0%

Tax Info

  • Mello Roos: Unknown

Range of Values:

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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
08/28/2022 08/28/22 Sold $3,400,000 -4.1% $371 / Sq Ft
05/17/2022 05/17/22 Pending -- -- --
05/05/2022 05/05/22 For Sale $3,545,000 +20.2% $387 / Sq Ft
07/30/2020 07/30/20 Sold $2,950,000 -4.8% $322 / Sq Ft
01/16/2020 01/16/20 For Sale $3,100,000 -- $338 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Luis Ruiz

    Seller's Agent in 2022

    Luis Ruiz

    LAR Realty, Inc.

    (213) 407-5702

    1 in this area

    10 Total Sales

    Luis Ruiz
    Section Image
  • Jeff Anderson

    Seller's Agent in 2020

    Jeff Anderson

    eXp Realty of California Inc

    (800) 784-2616

    313 Total Sales

    Jeff Anderson
    Section Image
  • Matthew Firth

    Seller Co-Listing Agent in 2020

    Matthew Firth

    Matthew Firth, Broker

    (562) 760-9447

    9 Total Sales

    Matthew Firth
    Section Image

  • N

    Buyer's Agent in 2020

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    5,831 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: The MLS

MLS Number: 22-153253

The MLS
California Los Angeles County Los Angeles 90018 Jefferson Park

2637 S Manhattan Place, Los Angeles, CA

This home is located at 2637 S Manhattan Place, Los Angeles, CA 90018 since 05 May 2022. This property was built in 2007. 2637 S Manhattan Place is a home located in Los Angeles County with nearby schools including Twenty-Fourth Street Elementary School, Birdielee V. Bright Elementary School, and Johnnie L. Cochran Jr. Middle School.

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