MLS® ID: 19-478968
644 N Manhattan Pl
Los Angeles, California, 90004 $2,700,000
644 N Manhattan is a luxurious new construction fourplex made up of two standalone 3-story duplexes in a prime East Hollywood location. This centrally located property is minutes from Paramount Studios, Raleigh Studios, trendy Larchmont Village, upscale Hancock Park, Koreatown, and all the action Hollywood has to offer. Property is in the final stages of construction, with completion estimated to be July 2018 This property provides investors an unbelievably high projected cap rate of 5.24%. In addition, to the high return, buyers will enjoy other valuable perks including: NO RENT CONTROL, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric. Between the fantastic location and the countless benefits of buying high quality new construction, purchasing this property is a savvy investment. The property units' pro forma rents of $3,700 & $3,900 are very conservative market rents. There are 12 parking spaces 2 per unit and 4 driveway.