Armin Soleimani
This listing was posted on RealtyWW.
$4,600,000
Home For Sale In Los Angeles, California
Price:
$4,600,000
BR/BA:
2 BR
Location:
204 N Manhattan Pl, Los Angeles, CA
Description:
Well-maintained 17-unit building cash flowing at an amazing Current Cap Rate of 5.5% and 12.5 GRM from day 1 with an incredible 53% upside to 9.6% Cap Rate and 8.2 GRM on proforma in prime Hancock Park/Larchmont Village area. Attractively priced at only 270k/door and 364/SF with an excellent and large unit mix of 6 (2bed/2bath) units, 2 (2bed/1bath) units, and 9 (1bed/1bath) units including 3 brand-new (1bed/1bath) attached ADUs currently under construction. Additionally, 2 of the units have been completely 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 covered parking spaces for convenience. Individually metered for gas and 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 and Straw, and Great White, popping up all around the area.For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i71882122
Property Type:
Single-Family Houses
Sq feet:
364 sq. ft.
Amenities:
Parking, Pool
Posted:
May 16 on RealtyWW
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More About this Listing: Home For Sale In Los Angeles, California
Home For Sale In Los Angeles, California is a Two Bedroom Single-Family Homes for Sale at 204 N Manhattan Pl in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 204 N Manhattan Pl by searching Oodle Classifieds for Two Bedroom Single-Family Homes for Sale in Los Angeles CA.
Home For Sale In Los Angeles, California is a Two Bedroom Single-Family Homes for Sale at 204 N Manhattan Pl in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 204 N Manhattan Pl by searching Oodle Classifieds for Two Bedroom Single-Family Homes for Sale in Los Angeles CA.