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    509 S Manhattan Pl

    Los Angeles, CA 90020
    • $13,500,000
    • STATUS: Active
    • ON SITE: 31 days
    • ID#: 20-619480
    UPDATED: 21 min ago
    $13,500,000
    • 1
      BEDS
    • 0.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 26,900
      SQFT
    • $502
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:

    School Ratings & Info

    Description

    509 S Manhattan Place is a 64-unit apartment building in Los Angeles, CA. Built in 1970, the property is compromised of sixty-two (62) studio unit, and one (1) one-bedroom, one-and-a-half-bathroom unit and (1) bachelor with no Kitchen/Bath. The property offers subterranean parking, cable access for tenants and an on-site laundry facility. The property also boasts a brand new $110,000 elevator The units are master metered for gas, water, and electricity.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-18T09:42:47.72. 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/109075138
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    509 S Manhattan Pl Los Angeles, CA 90020

    • Price: $13,500,000
    • Status: Active
    • Updated: 21 min ago
    • ID#: 20-619480
    1
    Beds
    0
    Baths
    0
    ½ Baths
    0.41
    Acres
    26,900
    SQFT
    $502
    $/SQFT
    1970
    Built
    Neighborhood:
    Hancock Park-Wilshire
    County:
    Los Angeles
    Area:
    Hancock Park-Wilshire
    Property Description
    509 S Manhattan Place is a 64-unit apartment building in Los Angeles, CA. Built in 1970, the property is compromised of sixty-two (62) studio unit, and one (1) one-bedroom, one-and-a-half-bathroom unit and (1) bachelor with no Kitchen/Bath. The property offers subterranean parking, cable access for tenants and an on-site laundry facility. The property also boasts a brand new $110,000 elevator The units are master metered for gas, water, and electricity.
    Exterior Features

    Levels Three Or More Lot Size Area 18016 Other Structures None Parking Garage Controlled EntranceCommunity GarageSubterr Side By SideSubterranean Total Parking 47

    Interior Features

    Baths Total 63.00 Cooking Appliances Cooktop - GasCooktop - Electric Cooling Wall Unit(S) Equipment DishwasherElevatorMicrowaveGarbage DisposalCable Flooring TileCarpet Heating Wall ElectricWall Gas Laundry Laundry Area Laundry Equipment Lease Water Heater Features Central Water Heater

    Property Features

    Assessed Total Value 3255366 Gross Income 1061448 Gross Operating Income 1035545 Like Units1 62 Like Units2 1 Like Units3 1 Net Operating Income 664473.00 Number Of Buildings 1 Number Of Units 64 Owner Pays GasWaterElectricity Rent Control YN Yes Sale Type Standard Security Features Automatic GateResident ManagerGated Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Tenant Pays Cable Tv Total Annual Expense 371072 TVServices Cable Tv Type Of Units Studio Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar4

    Listing provided courtesy of David Harrington DRE#01320460 of Matthews Real Estate Investment Services.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-18T09:42:47.72. 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