2637 S Manhattan Place

    Los Angeles (City), CA 90018
    • $3,299,000
    • STATUS: Active
    • ON SITE: 90 days
    • ID#: PW18277032
    UPDATED: 61 min ago
    $3,299,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,168
      SQFT
    • $360
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2007
    County:

    School Ratings & Info

    Description

    2637 South Manhattan Place is a nine-unit apartment building in Los Angeles, California. The property is located in LA+GGs thriving Jefferson neighborhood, conveniently near the 10 Freeway and Downtown LA.2637 South Manhattan Place consists of a highly desirable 2007 construction, nine-unit building with a strong mix of seven three-bedroom and two four-bedroom units. As a 2007 construction, this property is not subject to rent control. The building also features in-unit laundry, nine parking spaces, secure access, and balconies. The property is separately metered for all utilities. The property is currently under a 30-year affordable housing covenant that was initiated in April 2006. This covenant assures a reliable income stream from state-backed section 8 tenants and has created significant financial potential upside for investors.As a newer construction property with a highly desirable unit mix in a strong rental market, 2637 South Manhattan Place is an excellent investment opportunity.Please request and review a copy of the Offering Memorandum for this property for a detailed explanation and description of this investment and its underwriting.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-18T15:30:00.707. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/89544372

    2637 S Manhattan Place Los Angeles (City), CA 90018

    • Price: $3,299,000
    • Status: Active
    • Updated: 61 min ago
    • ID#: PW18277032
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    9,168
    SQFT
    $360
    $/SQFT
    2007
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    2637 South Manhattan Place is a nine-unit apartment building in Los Angeles, California. The property is located in LA+GGs thriving Jefferson neighborhood, conveniently near the 10 Freeway and Downtown LA.2637 South Manhattan Place consists of a highly desirable 2007 construction, nine-unit building with a strong mix of seven three-bedroom and two four-bedroom units. As a 2007 construction, this property is not subject to rent control. The building also features in-unit laundry, nine parking spaces, secure access, and balconies. The property is separately metered for all utilities. The property is currently under a 30-year affordable housing covenant that was initiated in April 2006. This covenant assures a reliable income stream from state-backed section 8 tenants and has created significant financial potential upside for investors.As a newer construction property with a highly desirable unit mix in a strong rental market, 2637 South Manhattan Place is an excellent investment opportunity.Please request and review a copy of the Offering Memorandum for this property for a detailed explanation and description of this investment and its underwriting.
    Exterior Features

    Garage Spaces 9.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Covered ParkingGarageOn Site Parking Total 9.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Dryer IncludedInsideWasher Included

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalksSuburbanUrban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 213600.00 Gross Scheduled Income 213600.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 144332.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 9 Operating Expense 62860.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 62860.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Seller Zoning Lar4

    Listing provided courtesy of Steven Bogoyevac of Steven M. Bogoyevac, Broker and David O'keefe of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-18T15:30:00.707. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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