Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    155 Manhattan Pl Los Angeles, CA 90004-5017
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    155 Manhattan Pl Los Angeles, CA 90004-5017

    View on Map
    • Apartment buildings
    • 9,280 SF
    • 0.16 lot acres
    Off-Market
    Last Sale Apr 14, 2022
    $2,668,026
    Property ID
    US09-7671946
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,485,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 155 Manhattan Pl

    Year built
    1922
    Construction
    WOOD
    Lot size
    0.16 lot acres
    Property size
    9,280 SF
    Zone code
    LAR3
    Property type
    Apartment buildings
    APN
    5516-025-002
    APU
    5516025002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,065,000
      ML approach
      $2,075,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,948,000
      Market price range: $1.10M - $2.95M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,130,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $3,930,000
      Change: +85% Conversion: Difficult
      RETAIL STORES
      $3,810,000
      Change: +79% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,780,000
      Change: +31% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.311
    Latitude
    34.0715
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $34,802
    $2,080,800
    $696,727
    $2,777,527
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      8,630 SF

      206 Commonwealth Ave

      APARTMENT HOUSE (5+ UNITS) • 8,630 SF
      206 Commonwealth Ave, Los Angeles, CA 90004-6142
      View Details
    • Value Estimation by Request
      12,558 SF

      4017 Clinton St

      APARTMENT HOUSE (5+ UNITS) • 12,558 SF
      4017 Clinton St, Los Angeles, CA 90004-2272
      View Details
    • Value Estimation by Request
      6,450 SF

      507 Gramercy Pl

      APARTMENT HOUSE (5+ UNITS) • 6,450 SF
      507 Gramercy Pl, Los Angeles, CA 90004-2514
      View Details
    • Value Estimation
      $525,000
      17,772 SF

      170 Oxford Ave

      APARTMENT HOUSE (5+ UNITS) • 17,772 SF
      170 Oxford Ave, Los Angeles, CA 90004-5149
      View Details
    • Value Estimation by Request
      12,348 SF

      606 Oxford Ave

      APARTMENT HOUSE (5+ UNITS) • 12,348 SF
      606 Oxford Ave, Los Angeles, CA 90004-1761
      View Details
    • Value Estimation by Request
      6,327 SF

      451 Normandie Pl

      APARTMENT HOUSE (5+ UNITS) • 6,327 SF
      451 Normandie Pl, Los Angeles, CA 90004-3293
      View Details

    Similar Nearby for Sale

    • $1,850,000
      4,145 SF

      Updated Apartment Building Near Metro

      Seven-unit apartment building extensively updated near Vermont/Beverly Metro Station.
      149 N Alexandria Ave, Los Angeles, CA 90004
      View Details
    • $3,395,000
      7,174 SF

      New Construction Silver Lake Quadruplex

      Six-unit property near Silver Lake, fully leased, built in 2025.
      171 S Hoover St, Los Angeles, CA 90004
      View Details
    • Contact for pricing

      Transit-Oriented Development Opportunity in Los Angeles

      Entitled development site near Vermont/Beverly Redline Station.
      226 Catalina St, Los Angeles, CA 90004
      View Details
    • $2,600,000

      East Hollywood Redevelopment Opportunity

      Double lot in East Hollywood, ideal for residential redevelopment.
      443 N Virgil Ave, Los Angeles, CA 90004
      View Details
    • $2,000,000
      7,079 SF

      Koreatown Multifamily Investment Opportunity

      12-unit apartment building in Koreatown/Mid-Wilshire neighborhood.
      208 Normandie Ave, Los Angeles, CA 90004
      View Details
    • $3,395,000
      7,174 SF

      171 S Hoover St, Los Angeles, CA 90004

      Apartment buildings • 7,174 SF
      171 S Hoover St, Los Angeles, CA 90004
      View Details

    Similar Nearby for Lease

    • $3,895 /Mo

      Larchmont Village 4-Bed Duplex

      Spacious, updated 4-bedroom apartment in prime Larchmont Village location.
      548 N Windsor Blvd, Los Angeles, CA 90004
      View Details
    • Contact for pricing

      Land with Development Potential

      Land with existing buildings, suited for service business.
      418-420 N Hoover St, Los Angeles, CA 90004
      View Details
    • Contact for pricing
      2,600 SF

      Retail/Food Space on Beverly Blvd

      First floor retail or food use space available for rent.
      3977-3979 Beverly Blvd, Los Angeles, CA 90004
      View Details
    • Contact for pricing

      Retail Space on Larchmont Boulevard

      Single tenant retail space available for rent.
      200 Larchmont Blvd, Los Angeles, CA 90004
      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      Retail/Office space for lease in Los Angeles.
      434 N Larchmont Blvd, Los Angeles, CA 90004
      View Details
    • Contact for pricing
      17,000 SF

      Larchmont Village Retail Opportunity

      Prime retail spaces in the heart of Larchmont Village.
      126 North Larchmont Blvd, Los Angeles, CA 90004
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    155 Manhattan Pl
    Los Angeles, CA 90004-5017
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!