722 S Manhattan Place, Los Angeles, CA 90005 (MLS # 24353693)
We are pleased to present a nineteen (19) unit apartment building located at 722 S Manhattan Place in Los Angeles, California. The subject property is located in a prime Koreatown location south of Wilshire Boulevard and west of S Western Avenue. Built in 1936, this property contains a great unit mix of twelve (12) studio / one-bathroom units, five (5) one-bedroom / one-bathroom units, and two (2) two-bedroom / two-bathroom units. The property is gated and secure with character, French Normandy style architecture in an area that is surrounded by new construction just south of Wilshire Boulevard. Tenants will love living in the heart of Koreatown; just down the street from some of the trendiest retail, restaurant, and entertainment amenities in Los Angeles. The neighboring properties include a new construction 160-unit complex with luxury amenities, and a vacant lot with permits in progress for a new 60-unit, 59,666 SF 7-story edifice. Situated in a prime Koreatown location, this offering presents an excellent opportunity for any investor to capitalize on a rare, mid-size residential asset with interest only assumable financing at an attractive 5.09% interest rate in one of the trendiest markets of Los Angeles.
Property Type(s):
Residential Income
Last Updated
|
1/31/2024
|
Year Built
|
1936
|
Community
|
Hancock Park-Wilshire
|
County
|
Los Angeles
|
Additional Details
APPLIANCES |
Microwave, Refrigerator |
AREA |
Hancock Park-Wilshire |
BUYER'S BROKERAGE COMPENSATION |
1.500 % |
GARAGE |
None |
HEAT |
Wall Furnace |
LOT |
7503 sq ft |
PARKING |
None |
POOL DESCRIPTION |
None |
STORIES |
3 |
ZONING |
LAR4 |
Location
Listed with Marcus & Millichap
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Based on information from California Regional Multiple Listing Service, Inc. as of 5/14/24 11:14 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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