154 S Manhattan Place
Los Angeles, CA 90004
- 8 beds
- – baths
- 5,576 sqft
- 7,173 sqft lot
- $313 per sqft
- 1922 build
- – on site
PRIME INVESTMENT OPPORTUNITY IN KOREATOWN/HANCOCK PARK ADJACENT AREA! Exceptional 4-unit property located in one of Los Angeles' most desirable and rapidly appreciating neighborhoods. This well-maintained building offers a perfect blend of stable income and potential upside in a location that continues to see strong rental demand. PROPERTY HIGHLIGHTS: *Four spacious units with functional floor plans enogh to convert all 3 bd 2 ba *Prime location near Larchmont Village, Hancock Park, and Koreatown *Minutes to downtown LA, Hollywood, and major employment centers *Close proximity to Metro stations for convenient city access *Walking distance to popular restaurants, cafes, and boutique shops *Nearby attractions include The Grove, LACMA, and Paramount Studios. INVESTMENT ADVANTAGES: *Strong rental market with high occupancy rates in the area *Potential for value-add improvements to increase ROI *Multi-unit property in a neighborhood with limited new development *Favorable rent-to-price ratio compared to similar Los Angeles submarkets opportunity to capitalize on Los Angeles' persistent housing shortage. This property represents a rare opportunity to acquire a multi-unit building in an established Los Angeles neighborhood with exceptional growth potential. Perfect for investors seeking
Last checked:
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Last updated Mar 28, 2025
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MLS# CL25514425 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1922
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Building Area Units:Square Feet
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Construction Materials:Stucco
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Security Features:Smoke Detector(s)
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Other Equipment:Other
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Building Area Total:5576
Interior
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Flooring:Tile
Room Dimensions
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Living Area:5576
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Living Area Units:Square Feet
Location
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Directions:Western Ave North, then Left to W 2nd St, then Rig
The Property
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Property Type:Residential Income
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Property Subtype:OTHER
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Exterior Features:Back Yard
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Parcel Number:5517002018
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Zoning:LAR3
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Lot Features:Other
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Lot Size Area:0.16
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Lot Size Acres:0.16
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Lot Size SqFt:7173
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Lot Size Units:Acres
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View:None
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View:false
Listing Agent
- Contact info:
- Agent phone:
- (661) 964-0600
Beds
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Bedrooms Total:8
The Listing
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Listing Terms:Cash
Heating & Cooling
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Heating:Natural Gas
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Heating:true
The Community
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Association:false
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Total:8
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Parking Features:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/28/25
Mar 28, 2025
|
Listed / Active | BRIDGE | $1,750,000 | 45.8% |
|
11/21/24
Nov 21, 2024
|
BRIDGE | $1,200,000 | ||
|
11/11/24
Nov 11, 2024
|
BRIDGE | $1,200,000 |
