NOT LISTED FOR SALE

5507 S Manhattan Place Los Angeles, CA 90062

Chesterfield Square Neighborhood

Estimated Value: $596,000 - $1,645,891

3 Beds
2 Baths
1,100 Sq Ft
$1,214/Sq Ft Est. Value

Last Sold July 10, 2012

Last sale price $335,000 $305 Per Sq Ft

Est. 299% increase in value since last sale

Current estimated payment $7,961/month

Highlights

  • Wood Flooring
  • Built-In Features
  • Evaporated cooling system
  • Spanish Architecture
  • Laundry closet
  • 4-minute walk to Chesterfield Square Park

About This Home

As of January 2014

Calling all investors ... Don’t miss this rare chance to own a fully upgraded 4-unit income property featuring two duplexes on a 6055 sq foot lot. The unique set up features one newly built in 2024 and one beautifully updated Spanish classic. With a cap rate of 7.33% and a gross rent multiplier (GRM) of 10.7, this asset presents strong current returns and long-term appreciation in a high-demand rental market. This property is one of three 4-unit investment properties available in a portfolio—offering great opportunity for buyers looking to invest in an individual or multiple income-generating assets. The rear duplex offers two units with approx. 1,200 sq ft each, 3 bedrooms and 2 bathrooms. These modern units boast 16-ft ceilings, recessed lighting, wide plank vinyl flooring, dual-pane windows, tankless water heaters, in-unit washer/dryer hookups, fully paid-off solar panels, and fire suppression systems. The front Spanish-style duplex, built in 1923, retains its vintage charm while offering updated comfort. Each unit features 3 bedrooms and 2 bathrooms within approx. 918 sq ft, with new vinyl flooring, upgraded countertops, and in-unit laundry hookups. Additional improvements include a new roof (2016) and electrical panel upgrade (2024). Copper plumbing runs throughout, and each unit has its own electric subpanel and independent electric meter, ensuring complete control over utilities. Centrally located near shopping malls, major freeways, Park Mesa Heights, SOFI Stadium, Downtown LA, USC, Crypto Arena, the upcoming Los Angeles Clippers Stadium, and more. A must-see income property in one of LA’s most dynamic and evolving neighborhoods. Perfect for investors seeking a turn-key, low-maintenance property with 50% of the units non-rent control. This turnkey investment is ideal for stable rental income and long-term growth.

Last Agent to Rent the Property

Roxanna Godinez

DPP License #01137955 Listed on: 10/14/2013

DPP

Last Renter's Agent

Roxanna Godinez

DPP License #01137955 Listed on: 10/14/2013

DPP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,388

Year Built

  • Built in 1923

Lot Details

  • 6,055 Sq Ft Lot
  • Property is zoned LAR2

Home Design

  • Spanish Architecture

Interior Spaces

  • 1,100 Sq Ft Home
  • Built-In Features
  • Dining Area

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry closet
  • Dryer

Utilities

  • Evaporated cooling system
  • Floor Furnace

Community Details

Listing and Financial Details

  • Security Deposit $1,500
  • Tenant pays for cable TV, electricity, gas
  • 12 Month Lease Term
  • Assessor Parcel Number 5005-025-026

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,388

Year Built

Built in 1923

Lot Details

0

Rental Info

  • Security Deposit: 1500
  • Tenant Pays: Cable TV, Electricity, Gas

Listing Details

  • Property Type: Residential Lease
  • Style: Spanish
  • Single Family Or Apt: Single Family
  • Street Number Display: Yes
  • Complex Name: none
  • Entry Floor: 1
  • Lease Terms: 1+Year
  • Living Area: 1100
  • Unit Floor In Building: 1
  • Year Built: 1923
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Flooring: Ceramic Tile, Hardwood
  • Bedrooms: 3
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Closet
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator
  • Price Per S Q F T: 1.77

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Parking Space

Utilities

  • Cooling: Evaporative
  • Heating: Floor Furnace

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 5005-025-026
  • Geocode Override: No
  • Lot Size Area: 6055

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2021
Sold by
Montes and Amanda
Bought by
Lany5507 Llc
Current Estimated Value
$1,335,473

Purchase Details

Closed on
Aug 11, 2021
Sold by
Eligas David H
Bought by
Montes Christopher and Montes Amanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,750
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2012
Sold by
Sand Brad
Bought by
Elgas David H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,932
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 15, 2010
Sold by
Federal National Mortgage Association
Bought by
Sand Brad

Purchase Details

Closed on
Jul 15, 2008
Sold by
Bong Hiun Hiun
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 17, 2007
Sold by
Manhattan Place Trust #5507
Bought by
Bong Hiun Hiun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$533,425
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 2007
Sold by
Smith Alexander
Bought by
Manhattan Place Trust #5507 and Shore Bird Llc

Purchase Details

Closed on
May 3, 2005
Sold by
Smith Alexander and Foreman Smith Florence
Bought by
Smith Alexander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2001
Sold by
Smith Alexander and Foreman Smith Florence Marjorie
Bought by
Smith Alexander
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Lany5507 Llc -- None Listed On Document
Montes Christopher $645,000 First American Title Company
Elgas David H $335,000 Provident Title Company
Sand Brad $177,000 Lsi Title Agency
Federal National Mortgage Association $563,446 Accommodation
Bong Hiun Hiun $561,500 First American Title Co
Manhattan Place Trust #5507 $401,000 Gateway
Smith Alexander -- First American Title Ins Co
Smith Alexander -- --
Smith Alexander -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lany5507 Llc $1,406,250
Closed Lany5507 Llc $1,252,507
Previous Owner Montes Christopher $483,750
Previous Owner Elgas David H $328,932
Previous Owner Sand Brad $200,000
Previous Owner Bong Hiun Hiun $533,425
Previous Owner Smith Alexander $220,000
Previous Owner Smith Alexander $167,000
Previous Owner Smith Alexander $150,000
Previous Owner Foreman Florence M $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 For Sale $1,650,000 0.0% $390 / Sq Ft
10/02/2024 10/02/24 For Rent $3,695 +99.7% --
01/30/2014 01/30/14 Rented $1,850 -11.9% --
01/30/2014 01/30/14 Under Contract -- -- --
10/14/2013 10/14/13 For Rent $2,100 0.0% --
07/10/2012 07/10/12 Sold $335,000 -3.7% $182 / Sq Ft
05/04/2012 05/04/12 Pending -- -- --
01/20/2012 01/20/12 For Sale $348,000 -- $190 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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
2025 $8,388 $1,206,923 $270,608 $936,315
2024 $8,388 $671,058 $265,302 $405,756
2023 $8,232 $657,900 $260,100 $397,800
2022 $7,858 $645,000 $255,000 $390,000
2021 $4,802 $381,105 $267,343 $113,762
2020 $4,848 $377,198 $264,602 $112,596
2019 $4,664 $369,803 $259,414 $110,389
2018 $4,578 $362,553 $254,328 $108,225
2016 $4,367 $348,476 $244,453 $104,023
2015 $4,306 $343,243 $240,782 $102,461
2014 $4,333 $336,520 $236,066 $100,454
Source: Public Records

Agents Affiliated with this Home

  • Brenda Hailey

    Seller's Agent in 2025

    Brenda Hailey

    eXp Realty of Greater Los Angeles, Inc.

    (310) 266-9890

    14 Total Sales

    Brenda Hailey
    Section Image
  • Roxanna Godinez

    Landlord's Agent in 2014

    Roxanna Godinez

    DPP

    (213) 706-9016

    19 Total Sales

    Roxanna Godinez
    Section Image

  • B

    Seller's Agent in 2012

    BIJAN ZINATI

    American Financial Group Inc.

    (310) 963-9643

    BIJAN ZINATI
    Section Image
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Map

Source: The MLS

MLS Number: 13-712361

The MLS

APN: 5005-025-026

California Los Angeles County Los Angeles 90062 Chesterfield Square

5507 S Manhattan Place, Los Angeles, CA

This home is located at 5507 S Manhattan Place, Los Angeles, CA 90062 since 14 October 2013 and is currently priced at $1,335,473. This property was built in 1923. 5507 S Manhattan Place is a home located in Los Angeles County with nearby schools including Western Avenue Technology Magnet, Angeles Mesa Elementary School, and Horace Mann Ucla Community.

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