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1059 S Manhattan Pl, Los Angeles, CA 90019
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1059 S Manhattan Pl Los Angeles, CA 90019

$8,050,000 Sold Price as of 07/31/2019
  • 1 Beds
  • 32 Baths
  • 30,164 Sq.Ft.
Sold
$8,050,000 Sold Price as of 07/31/2019 Refinance Your Mortgage
Map preview of 1059 S Manhattan Pl, Los Angeles, CA 90019

Property Overview: 1059 S Manhattan Pl Los Angeles, CA has 1 bedrooms, 32 bathrooms, 30,164 living square feet and 9,195 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent Koreatown location, this building offers 43 units (4 of the 31 studio units listed are actually bachelor units) with a 12.45 GRM on current rents, a 10.14 GRM on market rents. The building is master metered for gas and electric (which allows the owner to increase rents by 6% come July 1st!). The building boasts a 4.55 cap on current rents with the potential to reach a 6.32 cap on market. Building will have 4 vacancies by June 7th 2019.

Listed by Kenny Stevens | BRE #01090251 | Compass
Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 30

Home details

Lot Sq. Ft
9,195
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19450570
City
Los Angeles
County
Los Angeles
Time on Site
1221 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 43
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1
  • Total Rent: $1
  • Pro Forma/Market Rent: $1
Unit Breakdown 2
  • # of Units: 31
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,190
  • Total Rent: $36,907
  • Pro Forma/Market Rent: $46,355
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 0%
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
  • Improvements Total: $2,237,242
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1059 S Manhattan Pl

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: See Remarks
Property Information
  • Total # of Units: 43
  • Parcel Number: 5080002011
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Amenities: Other
Location / Neighborhood
Location Information
  • Directions: West of Western, South of Olympic, North of Pico
View more facts & features

Local Los Angeles Agent

Sale History for 1059 S Manhattan Pl

Last sold for $8,050,000 on July 31st, 2019

  • August, 2019

  • Aug 21, 2019

    Date

    Sold

    CRMLS: 19450570

    $8,050,000

    Price

  • May 10, 2019

    Date

    Pending

    CRMLS: 19450570

    $8,250,000

    Price

  • Apr 4, 2019

    Date

    Active

    CRMLS: 19450570

    $8,250,000

    Price

  • July, 2019

  • Jul 31, 2019

    Date

    Sold (Public Records)

    Public Records

    $8,050,000

    Price

  • December, 2017

  • Dec 15, 2017

    Date

    Sold (Public Records)

    Public Records

    $7,935,000

    Price

Show More

Tax History for 1059 S Manhattan Pl

Assessed Value (2020): $8,056,900
Year Land Value Improved Value Assessed Value
2020 $6,000,000 $2,056,900 $8,056,900

Home Value Compared to the Market

This property vs the competition

1059 S Manhattan Pl sold on July 31, 2019 for 593.28% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $273.5 per/sqft which puts the price per square foot 63.77% lower than the current median sale per square foot for the city of Los Angeles.

About 1059 S Manhattan Pl

Detailed summary of property

1059 S Manhattan Pl is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 1 bedrooms, 32 bathrooms, roughly 30,164 living square feet, and sits on an approximately 9,195 square foot lot. 1059 S Manhattan Pl was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $8,050,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 593.28% higher than the current median priced home. Local homes that are currently for sale include 11755 National Blvd, 11666 Mayfield Ave and 11942-11948 Darlington Ave. While the average home in Los Angeles, CA is selling in 92 days, 1059 S Manhattan Pl has a days on market of 30 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1059 S Manhattan Pl Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1059 S Manhattan Pl

Public county record property details
Beds
--
Baths
--
Year built
1928
Sq. Ft.
30,164
Lot Size
9,195
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
79
APN
5080-002-011

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,599,800
Median List Price/Sq.Ft.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
66
Median Sale to List Price %
95.58%
Avg Days on Market
21
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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