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    808 S Manhattan Place

    Los Angeles (City), CA 90005
    • $1,752,000
    • STATUS: Active
    • ON SITE: 115 days
    • ID#: 20596304
    UPDATED: 110 min ago
    $1,752,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    Description

    Global Platinum Properties is proud to present a 6 unit multifamily investment in the heart of Mid -Wilshire Los Angeles. This beautiful French Normandy charmer sits on a prime 7, 500 Sf, R4, Tier 3 Lot. 1 of the 6 units will be delivered vacant. These spacious units can easily be reconfigured into 2 bedroom units. The roof was recently replaced. There is a detached 6 car garage with plenty of yard space. Walk 5 minutes to the Wilshire/Western Metro station, footsteps away from trendy restaurants and exclusive shopping. The rents are below market and offer an upside. The R4 lot is located in an Enterprise Zone, CPIO and TOC; which presents a healthy upside in development. Do not approach the property and do not contact tenants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-20T00:30:29.2. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/107285578
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    808 S Manhattan Place Los Angeles (City), CA 90005

    • Price: $1,752,000
    • Status: Active
    • Updated: 110 min ago
    • ID#: 20596304
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1940
    Built
    Neighborhood:
    HPK - Hancock Park
    County:
    Los Angeles
    Area:
    HPK - Hancock Park
    Property Description
    Global Platinum Properties is proud to present a 6 unit multifamily investment in the heart of Mid -Wilshire Los Angeles. This beautiful French Normandy charmer sits on a prime 7, 500 Sf, R4, Tier 3 Lot. 1 of the 6 units will be delivered vacant. These spacious units can easily be reconfigured into 2 bedroom units. The roof was recently replaced. There is a detached 6 car garage with plenty of yard space. Walk 5 minutes to the Wilshire/Western Metro station, footsteps away from trendy restaurants and exclusive shopping. The rents are below market and offer an upside. The R4 lot is located in an Enterprise Zone, CPIO and TOC; which presents a healthy upside in development. Do not approach the property and do not contact tenants.
    Exterior Features

    Construction Materials Stucco Direction Faces West Entry Location Living Room Foundation Details Raised Lot Features Front Yard Lot Size Units Square Feet Parking Features Detached Carport Parking YN Yes Pool Features None Pool Private YN No Roof Shingle Spa Features None Spa YN No

    Interior Features

    Cooling None Cooling YN No Flooring Laminate Heating Wall Furnace Heating YN Yes Laundry Features None Levels Two

    Property Features

    Accessibility Features None Additional Parcels YN No Gross Income 80100.00 Gross Multiplier 22.00 Gross Operating Income 80100.00 Land Lease YN No Laundry YN No Net Operating Income 51176.00 Number Of Separate Gas Meters 6 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays GasElectricity Total Expenses 28924.00 Vacancy Allowance Rate 0.17 Zoning Lar4

    Listing provided courtesy of Armin Soleimani of Global Platinum Properties, Inc. and Julio Ruiz of Global Platinum Properties, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-20T00:30:29.2. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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