967 S Manhattan Place

    Los Angeles (City), CA 90019
    • $5,500,000
    • STATUS: Active
    • ON SITE: 150 days
    • ID#: 18356606
    UPDATED: 34 min ago
    $5,500,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,705
      SQFT
    • $567
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1990
    County:

    School Ratings & Info

    Description

    Fantastic Investment Opportunity!!! No Rent Control, condo-style apartment built in 1990. Modern 12-unit apartment located on close to Olympic Blvd, the Center of Korean Town. All units are hardwood floors, and come fully equipped with refrigerator, oven range, and in-unit washer and dryer. Third floor units are especially popular because of their high ceiling and nice view. 2 bedroom boasts two assigned parking spots located inside a spacious gated parking lot. It is conveniently located near 10 freeway. Olympic & Western is the most popular area in Korea Town with large shopping centers, restaurants, banks, and professional offices. The current owner is the original owner and original builder of the units. This property has been on the market first time in 27 years.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T18:31:15.27. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.mainstreetgroup.com/homes/84812955

    967 S Manhattan Place Los Angeles (City), CA 90019

    • Price: $5,500,000
    • Status: Active
    • Updated: 34 min ago
    • ID#: 18356606
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    9,705
    SQFT
    $567
    $/SQFT
    1990
    Built
    Neighborhood:
    HPK - Hancock Park
    County:
    Los Angeles
    Area:
    HPK - Hancock Park
    Property Description
    Fantastic Investment Opportunity!!! No Rent Control, condo-style apartment built in 1990. Modern 12-unit apartment located on close to Olympic Blvd, the Center of Korean Town. All units are hardwood floors, and come fully equipped with refrigerator, oven range, and in-unit washer and dryer. Third floor units are especially popular because of their high ceiling and nice view. 2 bedroom boasts two assigned parking spots located inside a spacious gated parking lot. It is conveniently located near 10 freeway. Olympic & Western is the most popular area in Korea Town with large shopping centers, restaurants, banks, and professional offices. The current owner is the original owner and original builder of the units. This property has been on the market first time in 27 years.
    Exterior Features

    Lot Size Units Square Feet

    Interior Features

    Appliances RefrigeratorFreezer Appliances YN Yes Cooling Central Cooling YN Yes Laundry Features Washer IncludedDryer Included

    Property Features

    Cap Rate 5.00 Electric Expense 3600.00 Gross Multiplier 18.18 Gross Operating Income 302400.00 Improvements Amount 759296 Insurance Expense 3000.00 Land Value 55524 Laundry YN Yes Maintenance Expense 1200.00 Net Operating Income 282400.00 Special Listing Conditions Standard Total Actual Rent 210480.00 Total Expenses 20000.00 Trash Expense 1000.00 Water Sewer Expense 1200.00 Zoning Lar4

    Listing provided courtesy of Clara Cho of Masters Realty Group.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T18:31:15.27. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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    8577 Haven Ave, Suite 100
    Rancho Cucamonga CA, 91730