Multifamily

126 S Manhattan Pl

126 S Manhattan Pl, Los Angeles, CA 90004

Listing Price: $2,400,000

Cap Rate
3.40%
Number of Units
9
Price/Unit
$266,667
Price/Gross SF
$344.83
Gross SF
6,960

Investment Overview

Marcus & Millichap is pleased to present to market 126 South Manhattan Place, a well-maintained nine-unit apartment building in central Los Angeles with 47 percent potential upside in rents. The building is a 6,690-square foot 1956 construction with nine one-bed/one-bath units that average over 770 square feet. One of the units has been completely remodeled, and all units are separately metered for gas and electricity. The property also offers six tuck-under parking spaces with storage and tandem surface spaces. 126 South Manhattan Place is located on the outskirts of Koreatown in the St. Andrews Square neighborhood. This is a very dense rental area where nearly 90 percent of housing units within one mile are renter-occupied, and the property’s convenient proximity to retail earns it a WalkScore of 97 (Walker’s Paradise).

Investment Highlights

  • Well-Maintained Nine-Unit Building With 47 Percent Rental Upside
  • All One-Bedroom Units That Average Over 770 Square Feet
  • Property Features Tuck-Under Parking With Storage and On-Site Laundry
  • Located in a Very Dense Rental Area on the Outskirts of Koreantown in the St. Andrews Square Neighborhood
  • Conveniently Near Retail | WalkScore: 97

Exclusively Listed By

Listing Price: $2,400,000

Cap Rate
3.40%
Number of Units
9
Price/Unit
$266,667
Price/Gross SF
$344.83
Gross SF
6,960

Investment Highlights

  • Well-Maintained Nine-Unit Building With 47 Percent Rental Upside
  • All One-Bedroom Units That Average Over 770 Square Feet
  • Property Features Tuck-Under Parking With Storage and On-Site Laundry
  • Located in a Very Dense Rental Area on the Outskirts of Koreantown in the St. Andrews Square Neighborhood
  • Conveniently Near Retail | WalkScore: 97

Investment Overview

Marcus & Millichap is pleased to present to market 126 South Manhattan Place, a well-maintained nine-unit apartment building in central Los Angeles with 47 percent potential upside in rents. The building is a 6,690-square foot 1956 construction with nine one-bed/one-bath units that average over 770 square feet. One of the units has been completely remodeled, and all units are separately metered for gas and electricity. The property also offers six tuck-under parking spaces with storage and tandem surface spaces. 126 South Manhattan Place is located on the outskirts of Koreatown in the St. Andrews Square neighborhood. This is a very dense rental area where nearly 90 percent of housing units within one mile are renter-occupied, and the property’s convenient proximity to retail earns it a WalkScore of 97 (Walker’s Paradise).

Exclusively Listed By

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