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    1810 S Manhattan Pl Los Angeles, CA 90019

    Sponsored
    For Sale
    $1,250,000

    Five-unit building, high rental upside, prime location.

    Property size:
    4,700 SF

    Description

    Added:
    Jan 13, 2025
    Days on Market:
    362
    This exceptional five-unit apartment building, situated in the vibrant Koreatown neighborhood of Los Angeles (90019), presents a compelling investment opportunity. Built in 1923, the property boasts a total of 4,700 square feet and features a unique unit mix: four two-bedroom units and one one-bedroom unit. Each unit benefits from separate gas and electric meters. The property also includes five convenient parking spaces. Currently operating at 100% occupancy, this building offers significant potential for increased rental income, with an estimated upside of over 25%. An attractive assumable loan is available through Chase Bank, with an approximate loan amount of $570,000 and a fixed interest rate of 3.49% until May 2026. Further enhancing its long-term income potential, the seller has initiated the permitting process for a three-bedroom accessory dwelling unit (ADU) in the rear of the building. This ADU, designed as a co-living unit with separate entrances to each bedroom, promises substantial additional revenue streams. The property sits on a 0.15-acre lot. This is a rare chance to acquire a well-located, income-producing asset with significant upside potential and an attractive financing option.

    Property Features for 1810 S Manhattan Pl

    General Information

    Property type
    Residential income homes
    Square Feet
    4,700 SF
    Price / Square Foot
    $265
    Class
    C
    Total Parking Spaces
    5
    Elevators
    N/A
    Lot Size
    6,534 SF
    Occupancy
    100%

    Building Details

    Year Built
    1923
    Buildings
    1
    Stories
    2
    Units
    5

    HighLights

    • Prime Los Angeles location in Korea Town.
    • Five‑unit building, 4,700 sq ft, with five parking spaces.
    • Attractive assumable loan available, 3.49% fixed until May 2026.
    Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    State
    California
    Longitude
    -118.309787
    Latitude
    34.041466

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    FAQs

    What type of property is this?
    Residential income home - Five-unit building, high rental upside, prime location.
    Where is this residential income home located?
    The property is located at 1810 S Manhattan Pl Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Prime Los Angeles location in Korea Town.; Five-unit building, 4,700 sq ft, with five parking spaces.; Attractive assumable loan available, 3.49% fixed until May 2026.
    (310) 666-5052
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    1810 S Manhattan Pl Los Angeles, CA 90019
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1810 S Manhattan Pl Los Angeles, CA 90019
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