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1401 S Manhattan Pl, Los Angeles, CA 90019
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1401 S Manhattan Pl Los Angeles, CA 90019

$3,540,000 Sold Price as of 01/13/2021
  • 21 Beds
  • 15 Baths
  • 8,675 Sq.Ft.
Sold
$3,540,000 Sold Price as of 01/13/2021 Refinance Your Mortgage
Map preview of 1401 S Manhattan Pl, Los Angeles, CA 90019

Property Overview: 1401 S Manhattan Pl Los Angeles, CA has 21 bedrooms, 15 bathrooms, 8,675 living square feet and 13,145 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Price reduced by $360.000. The new asking price is $3,540,000. The Manhattan Place Apartments is a 15-unit apartment building location in the Koreatown area of Los Angeles. The property has a unit mix consisting of nine apartments that are one-bedroom with one-bathroom and six apartments that are two-bedrooms with one-bathroom. There is tuck under and open parking in the rear of the property for approximately 15 vehicles. The seller recently completed the city of Los Angeles required soft story structural retrofitting. The property is of two-story wood frame and stucco construction with a central courtyard. Units are individually metered for gas and electricity. The property is within a short distance to the intersection of Pico Boulevard and Western Avenue and close the 10 freeway. As of September 2020, all of the units are leased, and all tenants are currently paying rent monthly.

Listed by Brent Sprenkle | BRE #01290116 | Berkadia
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 100

Home details

Lot Sq. Ft
13,145
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20601842
City
Los Angeles
County
Los Angeles
Time on Site
1221 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 15
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 9
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,768
  • Total Rent: $13,996
  • Pro Forma/Market Rent: $16,200
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $9,532
  • Pro Forma/Market Rent: $12,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.5
  • Gross Scheduled Income: --
  • Net Operating Income: $177,167
  • Gross Operating Income: $273,862
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1401 S Manhattan Pl

Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 15
  • Parcel Number: 5073008004
Location / Neighborhood
Location Information
  • Directions: Situated on South Manhattan Place between West Pico Boulevard & West 15th Street.
View more facts & features

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Sale History for 1401 S Manhattan Pl

Last sold for $3,540,000 on January 13th, 2021

  • March, 2021

  • Mar 31, 2021

    Date

    Sold

    CRMLS: 20601842

    $3,540,000

    Price

  • Oct 23, 2020

    Date

    Pending

    CRMLS: 20601842

    $3,540,000

    Price

  • Sep 10, 2020

    Date

    Price Change

    CRMLS: 20601842

    $3,540,000

    Price

  • Jul 9, 2020

    Date

    Active

    CRMLS: 20601842

    $3,900,000

    Price

  • January, 2021

  • Jan 13, 2021

    Date

    Sold (Public Records)

    Public Records

    $3,540,000

    Price

  • June, 2017

  • Jun 15, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1401 S Manhattan Pl

Assessed Value (2020): $2,656,019
Year Land Value Improved Value Assessed Value
2020 $1,804,053 $851,966 $2,656,019

Home Value Compared to the Market

This property vs the competition

1401 S Manhattan Pl sold on January 13, 2021 for 197.48% 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 $408.07 per/sqft which puts the price per square foot 45.95% lower than the current median sale per square foot for the city of Los Angeles.

About 1401 S Manhattan Pl

Detailed summary of property

1401 S Manhattan Pl is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 21 bedrooms, 15 bathrooms, roughly 8,675 living square feet, and sits on an approximately 13,145 square foot lot. 1401 S Manhattan Pl was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $3,540,000. 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 197.48% higher than the current median priced home. Local homes that are currently for sale include 406 S St Andrews Pl, 1470 W Adams Blvd and 326 S Wilton Pl. While the average home in Los Angeles, CA is selling in 94 days, 1401 S Manhattan Pl has a days on market of 100 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1401 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 1401 S Manhattan Pl

Public county record property details
Beds
--
Baths
15
Year built
--
Sq. Ft.
8,675
Lot Size
13,145
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5073-008-004

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
$1,599,800
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%)

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Homes for Sale Near 1401 S Manhattan Pl

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Recently Sold Homes Near 1401 S Manhattan Pl

1409 S Manhattan Pl, Los Angeles, CA 90019
$4,700,000 Last Sold Price
26 Beds
24 Baths
17263 Sq.Ft.
1409 S Manhattan Pl
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1400 S St Andrews Pl, Los Angeles, CA 90019
$1,600,000 Last Sold Price
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1400 S St Andrews Pl
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1501 S Manhattan Pl, Los Angeles, CA 90019
$3,720,000 Last Sold Price
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400 Baths
16380 Sq.Ft.
1501 S Manhattan Pl
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1414-1 S St Andrews Pl, Los Angeles, CA 90019
$2,695,800 Last Sold Price
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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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