MLS® ID: 19-478968

644 N Manhattan Pl

Los Angeles, California, 90004

$2,700,000 Active
  • 12 Beds
  • 5724 SQFT
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.
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Listing courtesy of Condosource

Amenities

  • Zip
    90004
  • Office name
    Condosource
  • SQFT
    5724
  • Bedrooms
    12
  • Property type
    Residential Income
  • Zoning type
    LAR3
  • Year built
    2019
  • Lot size
    6258
  • Heating
    Central
  • Tax year
    0
  • Agent name
    M Troy Soumis
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • Price Range
    $2m+
  • Square Feet Range
    5000-7000 sq ft.
  • Area
    Hancock Park-Wilshire
  • Bedrooms Range
    12 Beds
  • Year Built Range
    After 2010
  • Office ID
    X73761
  • Agent ID
    X60340

Location

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