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

$2,363,000 Sold Price as of 03/04/2021
  • 12 Beds
  • 13 Baths
  • 8,668 Sq.Ft.
Sold
$2,363,000 Sold Price as of 03/04/2021 Refinance Your Mortgage
Map preview of 350 S Manhattan Pl, Los Angeles, CA 90020

Property Overview: 350 S Manhattan Pl Los Angeles, CA has 12 bedrooms, 13 bathrooms, 8,668 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: The property is a 2-story, 11-unit value-add multi-family investment w/ +/- 50% rental upside. Built in 1957, the building is comprised of 2 singles, 6 (1+1), 1 (2+1) and 2 (2+2) units that avg. approx. 785+ gross sqft. Select units have undergone upgrades over the years, including 2 units that have been more extensively remodeled since 2018. The 8,668 sqft structure sits on an 8,651 sqft, LAR4-1 zoned lot w/ 13 individual parking spaces, a communal patio/courtyard area, and on-site laundry. The building has a brand-new roof, new main water heater, and the required City of LA seismic retrofitting work was recently completed. The building is separately metered for gas & electric. The central Koreatown/Mid-Wilshire adjacent location offers tenants access to the surrounding DTLA, Hollywood, Mid-City, + revitalized West Adams neighborhoods. The property is close to the 10,101, and 110 Freeways, + the Wilshire/Western Metro purple line station is just 2 blocks away.

Listed by Matthew R. Kanner | BRE #01349203 | Keller Williams Realty Los Feliz
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 42

Home details

Lot Sq. Ft
8,651
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21675280
City
Los Angeles
County
Los Angeles
Time on Site
1257 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $891
  • Total Rent: $1,781
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,231
  • Total Rent: $7,386
  • Pro Forma/Market Rent: $11,550
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,232
  • Total Rent: $1,232
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,890
  • Total Rent: $3,780
  • Pro Forma/Market Rent: $5,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.27
  • Gross Scheduled Income: --
  • Net Operating Income: $97,722
  • Gross Operating Income: $170,065
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 350 S Manhattan Pl

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 11
  • Parcel Number: 5503002011
Location / Neighborhood
Location Information
  • Directions: The property is located in the highly desirable Koreatown submarket of Los Angeles, just west of Western Avenue and south of W 3rd Street.
View more facts & features

Local Los Angeles Agent

Sale History for 350 S Manhattan Pl

Last sold for $2,363,000 on March 4th, 2021

  • March, 2021

  • Mar 4, 2021

    Date

    Sold

    CRMLS: 21675280

    $2,363,000

    Price

  • Feb 17, 2021

    Date

    Pending

    CRMLS: 21675280

    $2,500,000

    Price

  • Jan 6, 2021

    Date

    Active

    CRMLS: 21675280

    $2,500,000

    Price

  • February, 2021

  • Feb 23, 2021

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 2002

  • Apr 22, 2002

    Date

    Sold (Public Records)

    Public Records

    $680,000

    Price

Show More

Tax History for 350 S Manhattan Pl

Assessed Value (2020): $1,653,142
Year Land Value Improved Value Assessed Value
2020 $1,078,073 $575,069 $1,653,142

Home Value Compared to the Market

This property vs the competition

350 S Manhattan Pl sold on March 4, 2021 for 121.24% 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 $288.42 per/sqft which puts the price per square foot 61.75% lower than the current median sale per square foot for the city of Los Angeles.

About 350 S Manhattan Pl

Detailed summary of property

350 S Manhattan Pl is a multi family that recently sold in Los Angeles, CA 90020. This multi family property offered 12 bedrooms, 13 bathrooms, roughly 8,668 living square feet, and sits on an approximately 8,651 square foot lot. 350 S Manhattan Pl was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $2,363,000. 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 121.24% higher than the current median priced home. Local homes that are currently for sale include 3106 San Marino St, 836 S Catalina St and 543 N Heliotrope Dr. While the average home in Los Angeles, CA is selling in 99 days, 350 S Manhattan Pl has a days on market of 42 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 350 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 350 S Manhattan Pl

Public county record property details
Beds
14
Baths
13
Year built
1957
Sq. Ft.
8,668
Lot Size
8,651
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
12
APN
5503-002-011

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%)

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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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