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655 N Manhattan Pl, Los Angeles, CA 90004
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655 N Manhattan Pl Los Angeles, CA 90004

$3,600,000 Sold Price as of 06/12/2023
  • 29 Beds
  • 18 Baths
  • 12,476 Sq.Ft.
Sold
$3,600,000 Sold Price as of 06/12/2023 Refinance Your Mortgage
Map preview of 655 N Manhattan Pl, Los Angeles, CA 90004

Property Overview: 655 N Manhattan Pl Los Angeles, CA has 29 bedrooms, 18 bathrooms, 12,476 living square feet and 12,494 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Manhattan, an 18-unitapartment building located in the Melrose Hill submarket of Los Angeles. First time on the market in over 50 years, this value-add asset has been well maintained but never been completely remodeled. The Manhattan features an excellent unit mix of seven 1 Bedroom/1 Baths and eleven 2 Bedroom/1Baths. Built in 1953, the square footage of the improvements is 12,476 and sits on a 12,494 square foot lot. The Manhattan is a charming two-story walk-up with an airy courtyard that allows access to all the units. The property has 9 on-grade garage parking spaces and is individually metered for both gas and electric.

Listed by Adam Zunder | BRE #01821053 | Iconic Investments
Last checked: 12 minutes ago | Last updated: June 14th, 2023 | Source CRMLS | DOM: 44

Home details

Lot Sq. Ft
12,494
HOA Dues
$0/mo
Year built
1953
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23260149
City
Los Angeles
County
Los Angeles
Time on Site
402 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 18
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,366
  • Total Rent: $9,562
  • Pro Forma/Market Rent: $12,950
Unit Breakdown 2
  • # of Units: 11
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,518
  • Total Rent: $16,698
  • Pro Forma/Market Rent: $25,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 11.78
  • Gross Scheduled Income: --
  • Net Operating Income: $173,140
  • Gross Operating Income: $313,571
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 655 N Manhattan Pl

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 18
  • Parcel Number: 5522009026
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Located South of Melrose, just West of Wilshire, North of Beverly, and East of Highland.
View more facts & features

Local Los Angeles Agent

Sale History for 655 N Manhattan Pl

Last sold for $3,600,000 on June 12th, 2023

  • June, 2023

  • Jun 12, 2023

    Date

    Sold

    CRMLS: 23260149

    $3,600,000

    Price

  • Apr 13, 2023

    Date

    Active

    CRMLS: 23260149

    $3,600,000

    Price

  • August, 2019

  • Aug 29, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 655 N Manhattan Pl

Assessed Value (2020): $438,218
Year Land Value Improved Value Assessed Value
2020 $119,458 $318,760 $438,218

Home Value Compared to the Market

This property vs the competition

655 N Manhattan Pl sold on June 12, 2023 for 202.52% 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 $288.55 per/sqft which puts the price per square foot 61.78% lower than the current median sale per square foot for the city of Los Angeles.

About 655 N Manhattan Pl

Detailed summary of property

655 N Manhattan Pl is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 29 bedrooms, 18 bathrooms, roughly 12,476 living square feet, and sits on an approximately 12,494 square foot lot. 655 N Manhattan Pl was first listed on ArdentRealEstateGroup.com on April 13, 2023. The homeowner sold the property for $3,600,000. 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 202.52% higher than the current median priced home. Local homes that are currently for sale include 1129 Lodi Pl, 1405 N Normandie Ave and 6222 Banner Ave. While the average home in Los Angeles, CA is selling in 92 days, 655 N Manhattan Pl has a days on market of 44 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 655 N Manhattan Pl Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 655 N Manhattan Pl

Public county record property details
Beds
--
Baths
18
Year built
--
Sq. Ft.
12,476
Lot Size
12,494
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
20,21
APN
5522-009-026

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,390,000
Median List Price/Sq.Ft.
$795
Median Sold Price
$1,650,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
65
Median Sale to List Price %
97.35%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (13.33%), Other (0%)

Thinking of Selling?

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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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