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5722 S Manhattan Pl, Los Angeles, CA 90062
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5722 S Manhattan Pl Los Angeles, CA 90062

$1,239,000
  • 6 Beds
  • 6 Baths
  • 3,000 Sq.Ft.
For Sale
$1,239,000 Get Pre-Qualified
Map preview of 5722 S Manhattan Pl, Los Angeles, CA 90062

Property Overview: 5722 S Manhattan Pl Los Angeles, CA has 6 bedrooms, 6 bathrooms, 3,000 living square feet and 5,958 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: BACK ON THE MARKET AT NO FAULT OF THE SELLER!!! Investors + Owner Occupants, you won't find a turnkey triplex like this anywhere else in LA! Three fully updated 2 bedroom/2 bathroom units with a South LA location that offers easy access to DTLA, USC and LAX plus proximity to the restaurants, culture and vibrancy of Leimert Park, West Adams, Jefferson Park, Culver City and more. Wide plank flooring, fully renovated kitchens and bathrooms and income potential! Two units are already FULLY vacant. The ADU in the back is brand new with central HVAC, newly installed EV charger, solar panels, and has never been occupied. Live in one unit, rent the others, or make this the investment property of your dreams. This triplex offers versatility, access to freeways, universities and transportation, ensuring consistent demand and high occupancy rates. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a property with exceptional income potential, this one's a true gem. Don't let this one slip away.

Listed by Karlyn Nelson | BRE #02051690 | Compass
Co-listed by Lacy Register | BRE #01980850 | Compass
Last checked: 11 minutes ago | Last updated: May 31st, 2024 | Source CRMLS | DOM: 167
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Home details

Lot Sq. Ft
5,958
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24347891
City
Los Angeles
County
Los Angeles
Time on Site
166 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,353
  • Total Rent: $2,353
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.36%
  • Gross Rent Multiplier: 11.87
  • Gross Scheduled Income: --
  • Net Operating Income: $97,811
  • Gross Operating Income: $104,400
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 5722 S Manhattan Pl

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central, Wall Furnace
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Tile
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Range, Oven
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 3
  • Parcel Number: 5005032010
  • Architectural Style: Spanish
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Water Source: Public
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Slauson, South of Vernon, East of Arlington, West of Western
View more facts & features

Local Los Angeles Agent

Sale History for 5722 S Manhattan Pl

Last sold on October 5th, 2018

  • January, 2024

  • Jan 17, 2024

    Date

    Active

    CRMLS: 24347891

    $1,239,000

    Price

  • January, 2024

  • Jan 15, 2024

    Date

    Expired

    CRMLS: 23291415

    $1,239,000

    Price

  • Aug 16, 2023

    Date

    Active

    CRMLS: 23291415

    $1,249,000

    Price

  • Listing provided courtesy of CRMLS

    You won't find a turnkey triplex like this anywhere else in LA. Three fully updated 2 bedroom/2 bathroom units with a South LA location that offers easy access to DTLA, USC and LAX plus proximity to the restaurants, culture and vibrancy of Leimert Park, West Adams, Jefferson Park, Culver City and more. Wide plank flooring, fully renovated kitchens and bathrooms and income potential! Two units are already FULLY vacant with potential for the third to be delivered vacant. The ADU in the back is brand new with central HVAC and has never been occupied. Live in one unit, rent the others, or make this the investment property of your dreams. This triplex offers versatility, access to freeways, universities and transportation, ensuring consistent demand and high occupancy rates. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a property with exceptional income potential, this one's a true gem. Don't let this one slip away.

  • October, 2018

  • Oct 5, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 2018

  • Oct 3, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2018

  • Mar 30, 2018

    Date

    Sold

    CRMLS: 18310512

    $500,000

    Price

  • Mar 18, 2018

    Date

    Active Under Contract

    CRMLS: 18310512

    $550,000

    Price

  • Feb 11, 2018

    Date

    Active

    CRMLS: 18310512

    $550,000

    Price

  • Listing provided courtesy of CRMLS

    This is a great side by side Duplex, with lots of potential. It sits on a LAR2 lot. The rents are a little low, there is room for increase. Both units are occupied. There is another little structure in the rear that is used for a laundry room. The big tree that sits in front of the units, that provide shade on the front porch for those evenings you want to sit outside. The units may need a little TLC, SELLER IS VERY MOTIVATED TO SELL. PLEASE DO NOT WALK ANYWHERE ON THE PROPERTY, DO NOT DISTURB THE TENANTS AT ALL!! CALL LISTING AGENT. Subject to Inspection.

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Tax History for 5722 S Manhattan Pl

Assessed Value (2020): $520,200
Year Land Value Improved Value Assessed Value
2020 $416,160 $104,040 $520,200

Home Value Compared to the Market

This property vs the competition

5722 S Manhattan Pl is listed 0.24% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $775 and this home is listed at $413 per/sqft which puts the price per square foot 46.71% lower than the median price per square foot for the city of Los Angeles.

About 5722 S Manhattan Pl

Detailed summary of property

5722 S Manhattan Pl is a multi family located in Los Angeles, CA 90062 and is currently for sale. This multi family property offers 6 bedrooms, 6 bathrooms, roughly 3,000 living square feet, and sits on an approximately 5,958 square foot lot. 5722 S Manhattan Pl was first listed on ArdentRealEstateGroup.com on January 17, 2024. The homeowner is currently asking $1,239,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 0.24% higher than the median priced home. Local competing homes currently for sale include 6321 11th Ave, 3321 W 63rd St and 6409 11th Ave. While the average home in Los Angeles, CA is selling in 99 days, 5722 S Manhattan Pl has a days on market of 167 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 5722 S Manhattan Pl Los Angeles, CA 90062 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5722 S Manhattan Pl

Public county record property details
Beds
4
Baths
2
Year built
1923
Sq. Ft.
1,800
Lot Size
5,957
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
830
APN
5005-032-010

The source for these homes facts are from public records.

90062 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$875,000
Median List Price/Sq.Ft.
$568
Median Sold Price
$640,000
Median Sold Price/Sq.Ft.
$621
Total Inventory
36
Median Sale to List Price %
94.12%
Avg Days on Market
22
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (20%), Other (20%)

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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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