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    Manhattan Pl Los Angeles, CA 90018

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    For Sale
    $2,750,000

    17-unit apartment building with value-add potential in West Adams.

    Property size:
    9,840 SF
    Lot size:
    0.15 Acres

    Property Features for Manhattan Pl

    General Information

    Standard status
    Active
    Size
    9,840 SF
    Lot size
    0.15 Acres

    Building Details

    Year built
    1927

    Source: MARCUS & MILLICHAP Agent JASON TUVIA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West Adams Multifamily Investment Opportunity

    This seventeen-unit apartment building is located on Manhattan Place in Los Angeles, California, in the West Adams neighborhood, south of W Adams Boulevard and west of Western Avenue. The property features a unit mix of twelve studios and five one-bedroom units, with one unit delivered vacant. The property offers rental upside potential. Electrical upgrades include new panels, and gas and electricity are separately metered. Low-maintenance landscaping and street parking are available. An unfinished non-conforming studio unit is located in the basement, which can be converted into an ADU. The building is near Western Avenue, Normandie Avenue, W Adams Boulevard, Jefferson Boulevard, and the 10, 110, and 101 Freeways. The Loren Miller Recreation Center and dining options such as Starbucks and Bird's Nest Cafe are nearby. The property size is 9840 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.31019
    Latitude
    34.07026

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    FAQs

    What type of property is this?
    Apartment building - 17-unit apartment building with value-add potential in West Adams.
    Where is this apartment building located?
    The property is located at Manhattan Pl Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: - Strong 6.29% initial cap rate with over 30% rental upside potential, ideal for value-add investors.; - Desirable unit mix: twelve (12) studios and five (5) one-bedroom units, including one (1) vacant unit.; - Unfinished non-conforming studio unit in the basement with ADU conversion potential.
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    Manhattan Pl Los Angeles, CA 90018
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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
    Manhattan Pl Los Angeles, CA 90018
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