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314 S Manhattan Pl, Los Angeles, CA 90020
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314 S Manhattan Pl Los Angeles, CA 90020

$4,100,000 Sold Price as of 04/27/2021
  • 18 Beds
  • 16 Baths
  • 11,418 Sq.Ft.
Sold
$4,100,000 Sold Price as of 04/27/2021 Refinance Your Mortgage
Map preview of 314 S Manhattan Pl, Los Angeles, CA 90020

Property Overview: 314 S Manhattan Pl Los Angeles, CA has 18 bedrooms, 16 bathrooms, 11,418 living square feet and 8,651 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Wonderful investment opportunity in a great location! This very well maintained apartment consists of 16 units, all units except 2 are 1 bedroom, 1 bath. The other 2 units are 2 bedrooms, 2 bath. Street facing units have large balconies. Gated parking and laundry room. Conveniently located near restaurants, coffee shops, banks, shopping, grocery stores, gas station, Metro Line, and schools. Property will be delivered occupied with existing tenants.

Listed by CRYSTAL LUI | BRE #01783560 | RESOUND PROPERTIES
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 92

Home details

Lot Sq. Ft
8,651
HOA Dues
$0/mo
Year built
1987
Garage
22 Car
Property Type:
Multi Family
Status
Sold
MLS#
WS20245723
City
Los Angeles
County
Los Angeles
Time on Site
1257 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 1
  • # of Electric Meters: 17
  • # of Gas Meters: 16
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,425
  • Total Rent: $1,425
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,350
  • Total Rent: $4,350
  • Pro Forma/Market Rent: $4,650
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,470
  • Total Rent: $1,470
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,950
  • Total Rent: $2,950
  • Pro Forma/Market Rent: $3,100
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,520
  • Total Rent: $1,520
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 7
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $7,750
  • Total Rent: $7,750
  • Pro Forma/Market Rent: $7,750
Unit Breakdown 8
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,875
  • Total Rent: $3,750
  • Pro Forma/Market Rent: $3,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $295,980
  • Net Operating Income: $210,130
  • Gross Operating Income: --
  • Laundry Income: $3,000
Annual Expense Breakdown
  • Total Operating Expense: $88,850
  • Electric: $4,320
  • Gas/Fuel: $0
  • New Taxes: $22,048
  • Trash: $3,543
  • Insurance: $11,075
  • Professional Management: $22,500
  • Water/Sewer: $5,364

Property Details for 314 S Manhattan Pl

Interior Features
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Common Area, Community
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 22
  • # of Parking Spaces: 22
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 16
  • Parcel Number: 5503002017
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Between W. 3rd St and W. 4th St. Two block West of Western Ave.
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 314 S Manhattan Pl

Last sold for $4,100,000 on April 27th, 2021

  • April, 2021

  • Apr 28, 2021

    Date

    Sold

    CRMLS: WS20245723

    $4,100,000

    Price

  • Feb 27, 2021

    Date

    Pending

    CRMLS: WS20245723

    $4,800,000

    Price

  • Jan 21, 2021

    Date

    Active

    CRMLS: WS20245723

    $4,800,000

    Price

  • Dec 2, 2020

    Date

    Active Under Contract

    CRMLS: WS20245723

    $4,800,000

    Price

  • Nov 24, 2020

    Date

    Active

    CRMLS: WS20245723

    $4,800,000

    Price

  • January, 2002

  • Jan 10, 2002

    Date

    Sold (Public Records)

    Public Records

    $360,545

    Price

  • September, 1997

  • Sep 25, 1997

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 314 S Manhattan Pl

Assessed Value (2020): $1,620,955
Year Land Value Improved Value Assessed Value
2020 $675,397 $945,558 $1,620,955

Home Value Compared to the Market

This property vs the competition

314 S Manhattan Pl sold on April 27, 2021 for 324.78% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $420.39 per/sqft which puts the price per square foot 44.25% lower than the current median sale per square foot for the city of Los Angeles.

About 314 S Manhattan Pl

Detailed summary of property

314 S Manhattan Pl is a multi family that recently sold in Los Angeles, CA 90020. This multi family property offered 18 bedrooms, 16 bathrooms, roughly 11,418 living square feet, and sits on an approximately 8,651 square foot lot. 314 S Manhattan Pl was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $4,100,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 324.78% higher than the current median priced home. Local homes that are currently for sale include 171 S Hoover St, 1214 N Kingsley Dr and 1819 S Gramercy Pl. While the average home in Los Angeles, CA is selling in 99 days, 314 S Manhattan Pl has a days on market of 92 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 314 S Manhattan Pl Los Angeles, CA 90020 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 314 S Manhattan Pl

Public county record property details
Beds
18
Baths
18
Year built
1987
Sq. Ft.
11,418
Lot Size
8,651
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
5503-002-017

The source for these homes facts are from public records.

90020 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$810,000
Median List Price/Sq.Ft.
$653
Median Sold Price
$680,000
Median Sold Price/Sq.Ft.
$582
Total Inventory
55
Median Sale to List Price %
94.44%
Avg Days on Market
71
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (20%), Other (40%)

Thinking of Selling?

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Recently Sold Homes Near 314 S Manhattan Pl

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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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