204 N Manhattan Place, Los Angeles, CA 90004 - Berkshire Hathaway HomeServices California Properties

204 N Manhattan Place, Los Angeles, CA 90004

$5,750,000 Approx. USD 25 beds, 23 baths
12,628 sqft

Listing Agent


Armin Soleimani | arminsoleimani@gmail.com
Lic#: 01846872
Broker: Courtesy of Global Platinum Properties, Inc.

Co Listing Agent


Julio Ruiz | ziuroiluj@gmail.com
Lic#: 01911261
Broker: Courtesy of Global Platinum Properties, Inc.

Agent Remarks

Well maintained 17-unit building in prime Hancock Park/Larchmont Village area cash flowing at an amazing Current Cap Rate of 5% from day 1 with upside to 7.1% Cap Rate on Proforma. Preliminary plans to add 4 detached ADUs to achieve a remarkable 6.6% Current Cap Rate, 8.7% Proforma Cap Rate, and only 289k/door after taking into account all constructions costs (~340k assuming $250/SF). Large unit mix of 6 (2bed/2bath) units, 2 (2bed/1bath) units, and 9 (1bed/1bath) units including 3 newly-built attached ADUs. Select units have been renovated and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, stainless steel appliances, and major exterior capital improvements.Amenities include a renovated pool and courtyard with seating areas, on-site laundry facilities, secure entry, and parking for convenience. Individually metered for gas & electricity with soft-story retrofit already completed. Large 14,364 SF R3 TOC Tier 3 corner lot for future development potential. Located in the heart of Hancock Park just minutes away from Larchmont Village, Koreatown, Hollywood, and Melrose as well as many hip neighborhood attractions, restaurants, bars, and shops such as Wilshire Country Club, Paramount Studios, H Mart, Levain Bakery, Salt & Straw, and Great White, popping up all around the area.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25553225
Price: $5,750,000
Beds: 25
Baths: 23
Built in 1961
12,628 sqft
2 stories
0.33 acres
Lot size: 0.3287
County: Los Angeles
Zoning: LAR3
Parking description: Gated
Heating description: Electric
MLS area: C18 - Hancock Park-Wilshire

Last Updated: 7/1/2025

 Days On Market (DOM): 31

 Find more Los Angeles homes and real estate

 Find more homes in 90004 zip code

This listing belongs to the C18 - Hancock Park-Wilshire MLS area

Lat/Long: 34.074790, -118.309930.
Find nearby listings

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

90004 Area Map

Demographics

Schools

Near by

Similar Listings