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409 S Manhattan

Los Angeles (City), CA 90020
  • $5,400,000
  • STATUS: Active
  • ON SITE: 36 Days
  • ID#: OC25254479
UPDATED: 60 min ago
$5,400,000
  • 0
    BEDS
  • 0.41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Listing Agent(s): Brent Sprenkle of NorthMarq Realty Services, Inc (949-717-5200)


Description

409 S Manhattan Pl is an apartment community constructed in 1957. Situated in the neighborhood of Koreatown, Los Angeles, the property consists of (11) Studio/One-Bath units, (16) One-Bed/One-Bath units, and (2) Two-Bed/Two Bath units, totaling an average of 538 square feet each.Units are individually metered for gas and electricity and parking consists of tuck under spaces in the front and rear of the property. The property is fully secured and is a two-story wood frame and stucco structure with a pool in the courtyard and the soft story retrofitting has been completed.Also available with 411 and 415 S. Alexandria Avenue, totaling 54 Units.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-12T00:26:58.333. 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 or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/169655114
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409 S Manhattan Los Angeles (City), CA 90020

  • Price: $5,400,000
  • Status: Active
  • On Site: 36 Days
  • Updated: 60 min ago
  • ID#: OC25254479
0
Beds
0
Baths
0
½ Baths
0.41
Acres
1957
Built
Neighborhood:
KREA - Koreatown
County:
Los Angeles
Area:
KREA - Koreatown
Property Description
409 S Manhattan Pl is an apartment community constructed in 1957. Situated in the neighborhood of Koreatown, Los Angeles, the property consists of (11) Studio/One-Bath units, (16) One-Bed/One-Bath units, and (2) Two-Bed/Two Bath units, totaling an average of 538 square feet each.Units are individually metered for gas and electricity and parking consists of tuck under spaces in the front and rear of the property. The property is fully secured and is a two-story wood frame and stucco structure with a pool in the courtyard and the soft story retrofitting has been completed.Also available with 411 and 415 S. Alexandria Avenue, totaling 54 Units.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 29 Parking Total 25 Pool Features Community Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Cap Rate 5.63 Common Interest Community Apartment Community Features BikingCurbsDog ParkHikingParkStorm Drain(s)Street LightsSidewalksUrbanPool Garage YN Yes Gross Income 544994 Gross Scheduled Income 546780 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional Net Operating Income 303948 New Construction YN No Number Of Separate Gas Meters 29 Number Of Separate Water Meters 0 Operating Expense 226482 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer None Special Listing Conditions Standard Trash Expense 0 Utilities Sewer Not AvailableWater Not Available Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source None



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-12T00:26:58.333. 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 or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Independent Broker Network
1148 N. Chinowth Suite A
Visalia CA, 93291
Listing Agent(s): Brent Sprenkle of NorthMarq Realty Services, Inc (949-717-5200)