CA > Los Angeles
Los Angeles, CA 90062,5507 S Manhattan Place
Los Angeles, CA 90062,5507 S Manhattan Place
Los Angeles, CA 90062,5507 S Manhattan Place
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$1,650,000
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12 Beds
8 Baths
4,236 SqFt
Active

5507 S Manhattan Place Los Angeles, CA 90062

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Template 2 Custom Chime

Template 2 Custom Chime

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,236 sqft

Price per Sqft $389

MLS Listing ID BB25163912

Bedrooms 12

Full Baths 2

Three Quarter Bath 6

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 2024

Lot Size 6,054 Sqft

Property Sub-Type Quadruplex

Property Description

Calling all investors … Don't miss this rare chance to own a fully upgraded 4-unit income property featuring two duplexes on a 6055 sq foot lot. The unique set up features one newly built in 2024 and one beautifully updated Spanish classic. With a cap rate of 7.33% and a gross rent multiplier (GRM) of 10.7, this asset presents strong current returns and long-term appreciation in a high-demand rental market. This property is one of three 4-unit investment properties available in a portfolio—offering great opportunity for buyers looking to invest in an individual or multiple income-generating assets. The rear duplex offers two units with approx. 1,200 sq ft each, 3 bedrooms and 2 bathrooms. These modern units boast 16-ft ceilings, recessed lighting, wide plank vinyl flooring, dual-pane windows, tankless water heaters, in-unit washer/dryer hookups, fully paid-off solar panels, and fire suppression systems. The front Spanish-style duplex, built in 1923, retains its vintage charm while offering updated comfort. Each unit features 3 bedrooms and 2 bathrooms within approx. 918 sq ft, with new vinyl flooring, upgraded countertops, and in-unit laundry hookups. Additional improvements include a new roof (2016) and electrical panel upgrade (2024). Copper plumbing runs throughout, and each unit has its own electric subpanel and independent electric meter, ensuring complete control over utilities. Centrally located near shopping malls, major freeways, Park Mesa Heights, SOFI Stadium, Downtown LA, USC, Crypto Arena, the upcoming Los Angeles Clippers Stadium, and more. A must-see income property in one of LA's most dynamic and evolving neighborhoods. Perfect for investors seeking a turn-key, low-maintenance property with 50% of the units non-rent control. This turnkey investment is ideal for stable rental income and long-term growth.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Rooms

Main Level Bedrooms 8

Interior

Heating Central, Ductless

Cooling Central Air, Ductless

Flooring Tile, Vinyl

Fireplaces Type None

Inclusions Fully paid off Solar Panels

Fireplace No

Appliance Electric Range, Gas Range, Tankless Water Heater

Laundry Washer Hookup, Gas Dryer Hookup, Inside

Exterior

Exterior Feature Rain Gutters

Fence Block

Pool None

Community Features Gutter(s), Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Shingle

Accessibility None

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type Quadruplex

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5505025026

Acceptable Financing Conventional, 1031 Exchange, FHA

Green/Energy Cert Solar

Listing Terms Conventional, 1031 Exchange, FHA

Special Listing Condition Standard

CRMLS – RECore
Listed by Brenda Hailey eXp Realty of Greater Los Angeles, Inc. 310-266-9890

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