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1226 S Manhattan Pl, Los Angeles, CA 90019
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1226 S Manhattan Pl Los Angeles, CA 90019

$2,495,000
  • 14 Beds
  • 6 Baths
  • 4,802 Sq.Ft.
For Sale
$2,495,000 Get Pre-Qualified
Map preview of 1226 S Manhattan Pl, Los Angeles, CA 90019

Property Overview: 1226 S Manhattan Pl Los Angeles, CA has 14 bedrooms, 6 bathrooms, 4,802 living square feet and 8,443 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 1226-1228 S. Manhattan Place is a 6-unit multifamily property located in the Country Club neighborhood of Los Angeles. The building has a diverse unit mix of two (2) three-bedroom units and four (4) two-bedroom units. All of the units have been completely remodeled with brand new electrical, plumbing and mechanical. These units are sub-metered for gas, electrical and water, resulting in an extremely low utility expense which is rare in the Los Angeles market. Due to the renovations, the expense profile of the property is extremely low and will allow for strong cash flow immediately.

Listed by Andres Diaz | BRE #01956479 | Keller Williams Downtown LA
Last checked: 14 minutes ago | Last updated: August 27th, 2024 | Source CRMLS | DOM: 29

Home details

Lot Sq. Ft
8,443
HOA Dues
$0/mo
Year built
1949
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24429395
City
Los Angeles
County
Los Angeles
Time on Site
30 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,795
  • Total Rent: $11,180
  • Pro Forma/Market Rent: $11,380
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,995
  • Total Rent: $5,990
  • Pro Forma/Market Rent: $6,390
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.03%
  • Gross Rent Multiplier: 12.48
  • Gross Scheduled Income: --
  • Net Operating Income: $150,524
  • Gross Operating Income: $206,040
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1226 S Manhattan Pl

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Property Details for 1226 S Manhattan Pl

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 6
  • Parcel Number: 5080005004
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: between W. Pico Boulevard & W. Olympic Boulevard - on Manhattan Place
View more facts & features

Local Los Angeles Agent

Sale History for 1226 S Manhattan Pl

Last sold for $1,100,000 on February 11th, 2019

  • August, 2024

  • Aug 19, 2024

    Date

    Active

    CRMLS: 24429395

    $2,495,000

    Price

  • February, 2019

  • Feb 14, 2019

    Date

    Sold

    CRMLS: SB18177285

    $1,100,000

    Price

  • Jan 15, 2019

    Date

    Active Under Contract

    CRMLS: SB18177285

    $1,150,000

    Price

  • Jan 8, 2019

    Date

    Active

    CRMLS: SB18177285

    $1,150,000

    Price

  • Dec 19, 2018

    Date

    Hold

    CRMLS: SB18177285

    $1,150,000

    Price

  • Dec 10, 2018

    Date

    Price Change

    CRMLS: SB18177285

    $1,150,000

    Price

  • Dec 10, 2018

    Date

    Active

    CRMLS: SB18177285

    $1,000,000

    Price

  • Aug 6, 2018

    Date

    Active Under Contract

    CRMLS: SB18177285

    $1,000,000

    Price

  • Jul 23, 2018

    Date

    Active

    CRMLS: SB18177285

    $1,000,000

    Price

  • Listing provided courtesy of CRMLS

    Back on the market! A great investment opportunity! The property is currently fully occupied. This property is a multi-family home (6 units) that is 4,802 sqft which sits on a 8,441 sqft lot and features 8 bedrooms and 6 bathrooms. This property was built in 1949. Nearby schools include Los Angeles Elementary School, Sound Of Music Preschool and Bishop Conaty-our Lady Of Loretto High School. The closest grocery stores are Smart & Final, Food4Less and Olympic Korean Rice Cake. Nearby restaurants include Road to Seoul, Sopita Ramen and Yetgol. 1226 S Manhattan Pl is near Seoul International Park, Normandie Park and Benny H. Potter West Adams Avenues Memorial Park. The property is only minutes away from Staples Center, L.A. Live, Los Angeles Convention Center and only 10 minutes away from USC, and a few minutes away from 110 and 10 freeways.

  • February, 2019

  • Feb 6, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,100,000

    Price

  • July, 2018

  • Jul 23, 2018

    Date

    Canceled

    CRMLS: SB18173349

    $1,000,000

    Price

  • Jul 20, 2018

    Date

    Active

    CRMLS: SB18173349

    $1,000,000

    Price

  • Listing provided courtesy of CRMLS

    1226 S Manhattan Pl is a multi-family home (6 units) in Los Angeles, CA 90019. This 4,802 square foot multi-family home sits on a 8,441 square foot lot and features 8 bedrooms and 6 bathrooms. This property was built in 1949. Nearby schools include Los Angeles Elementary School, Sound Of Music Preschool and Bishop Conaty-our Lady Of Loretto High School. The closest grocery stores are Smart & Final, Food4Less and Olympic Korean Rice Cake. Nearby restaurants include Road to Seoul, Sopita Ramen and Yetgol. 1226 S Manhattan Pl is near Seoul International Park, Normandie Park and Benny H. Potter West Adams Avenues Memorial Park. The property is only minutes away from Staples Center, L.A. Live, Los Angeles Convention Center and only 10 minutes away from USC, and a few minutes away from 110 and 10 freeways.

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Tax History for 1226 S Manhattan Pl

Assessed Value (2020): $1,122,000
Year Land Value Improved Value Assessed Value
2020 $785,400 $336,600 $1,122,000

Home Value Compared to the Market

This property vs the competition

1226 S Manhattan Pl is listed 107.92% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $519.58 per/sqft which puts the price per square foot 32.35% lower than the median price per square foot for the city of Los Angeles.

About 1226 S Manhattan Pl

Detailed summary of property

1226 S Manhattan Pl is a multi family located in Los Angeles, CA 90019 and is currently for sale. This multi family property offers 14 bedrooms, 6 bathrooms, roughly 4,802 living square feet, and sits on an approximately 8,443 square foot lot. 1226 S Manhattan Pl was first listed on ArdentRealEstateGroup.com on August 19, 2024. The homeowner is currently asking $2,495,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 107.92% higher than the median priced home. Local competing homes currently for sale include 913 S Wilton Pl, 838 S Gramercy Pl and 1206 3rd Ave. While the average home in Los Angeles, CA is selling in 106 days, 1226 S Manhattan Pl has a days on market of 29 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1226 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 1226 S Manhattan Pl

Public county record property details
Beds
8
Baths
6
Year built
1949
Sq. Ft.
4,802
Lot Size
8,441
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
138
APN
5080-005-004

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
$1,450,000
Median List Price/Sq.Ft.
$703
Median Sold Price
$1,277,500
Median Sold Price/Sq.Ft.
$715
Total Inventory
95
Median Sale to List Price %
98.65%
Avg Days on Market
29
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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(714) 706-1823

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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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