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    460 S Manhattan Pl

    Los Angeles, CA 90020
    • $2,550,000
    • STATUS: Active
    • ON SITE: 463 days
    • ID#: 19-472256
    $2,550,000
    • 5
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,657
      SQFT
    • $295
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    We are proud to present this value add opportunity in Koreatown. The five unit building is located on a hard corner on Manhattan Place just west of Western Avenue and south of 3rd Street. The Letter of Determination is approved for a 30 unit site featuring 7 affordable units on the LAR4 zoned lot. That breaks down to $90,000 per build-able unit.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-24T23:42:40.983. 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.
    www.lydiagable.com/homes/96065578
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    460 S Manhattan Pl Los Angeles, CA 90020

    • Price: $2,550,000
    • Status: Active
    • ID#: 19-472256
    5
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    8,657
    SQFT
    $295
    $/SQFT
    1923
    Built
    Neighborhood:
    Hancock Park-Wilshire
    County:
    Los Angeles
    Area:
    Hancock Park-Wilshire
    Property Description
    We are proud to present this value add opportunity in Koreatown. The five unit building is located on a hard corner on Manhattan Place just west of Western Avenue and south of 3rd Street. The Letter of Determination is approved for a 30 unit site featuring 7 affordable units on the LAR4 zoned lot. That breaks down to $90,000 per build-able unit.
    Exterior Features

    Lot Size Area 8602 Other Structures None Parking Garage Assigned Total Parking 5

    Interior Features

    Baths Total 6.00 Cooling Wall Unit(S) Equipment Refrigerator Heating Central

    Property Features

    Gross Income 0 Gross Operating Income 60493 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 0.00 Number Of Buildings 1 Number Of Units 5 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Assessor Total Annual Expense 0 Type Of Units Apartment Year Built Source Assessor Zoning Lar4

    Listing provided courtesy of David Kaufman DRE#01217537 of David Ballin Kaufman.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-24T23:42:40.983. 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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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377