204 N Manhattan Place, Los Angeles, CA 90004

Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
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204 N Manhattan Place,Los Angeles, CA 90004
$5,495,000
  • 25 Beds
  • 23 Baths
  • 12,628 sq. ft.
  • Multi-family
  • Active
Listed by:armin soleimani
Office:global platinum properties, inc.
MLS#:25553225
Source:CRMLS

Price summary

  • Price:$5,495,000
  • Price per sq. ft.:$435.14

About this home

Price Reduction! Well maintained 17-unit building in prime Hancock Park/Larchmont Village area cash flowing at an amazing Current Cap Rate of 5.3% from day 1 with upside to 7.5% Cap Rate on Proforma. Approved RTI plans to add 4 detached ADUs to achieve a remarkable 7% Current Cap Rate, 9.2% Proforma Cap Rate, and only 277k/door after taking into account all constructions costs (~340k assuming $250/SF). Large unit mix of 6 (2bed/2bath) units, 2 (2bed/1bath) units, and 9 (1bed/1bath) units including 3 newly-built attached ADUs. Select units have been renovated and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, stainless steel appliances, and major exterior capital improvements. Amenities include a renovated pool and courtyard with seating areas, on-site laundry facilities, secure entry, and parking for convenience. Individually metered for gas & electricity with soft-story retrofit already completed. Large 14,364 SF R3 TOC Tier 3 corner lot for

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Home facts

  • Year built:1961
  • Listing Id #:25553225
  • Added:65 day(s) ago
  • Updated:August 21, 2025 at 01:30 PM

Rooms and interior

  • Bedrooms:25
  • Total bathrooms:23
  • Living area:12,628 sq. ft.

Heating and cooling

  • Heating:Electric

Structure and exterior

  • Year built:1961
  • Building area:12,628 sq. ft.
  • Lot area:0.33 Acres

Finances and disclosures

  • Price:$5,495,000
  • Price per sq. ft.:$435.14
Based on information from California Regional Multiple Listing Service, Inc. as of August 21, 2025 . 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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