2651 S Manhattan Place, Los Angeles, CA 90018

Local realty services provided by:ERA Excel Realty
2651 S Manhattan Place,Los Angeles, CA 90018
$2,750,000
  • 5 Beds
  • 17 Baths
  • 9,840 sq. ft.
  • Multi-family
  • Active
Listed by:jason tuvia
Office:marcus & millichap
MLS#:25569621
Source:CRMLS

Price summary

  • Price:$2,750,000
  • Price per sq. ft.:$279.47

About this home

We are pleased to present a seventeen (17) unit apartment building located at 2651 Manhattan Place in Los Angeles, California. The subject property is located in a solid West Adams location, south of W Adams Boulevard and west of Western Avenue. This well-located multifamily property in the heart of West Adams presents a strong investment opportunity with a desirable unit mix of twelve (12) spacious studios and five (5) large one-bedroom units, including one (1) unit delivered vacant. Offering a solid initial cap rate of 6.29% and significant rental upside potential of over 30%, the property is primed for value-add investors. Recent electrical upgrades with new panels and separately metered gas and electricity help reduce operational costs, while low maintenance landscaping and ample street parking add to overall convenience. There is also an unfinished non-conforming studio unit in the basement, which can quickly be converted into a market rate rental unit as an ADU. Tenants benefit

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Home facts

  • Year built:1927
  • Listing ID #:25569621
  • Added:71 day(s) ago
  • Updated:September 21, 2025 at 01:19 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:17
  • Living area:9,840 sq. ft.

Structure and exterior

  • Year built:1927
  • Building area:9,840 sq. ft.
  • Lot area:0.15 Acres

Finances and disclosures

  • Price:$2,750,000
  • Price per sq. ft.:$279.47
Based on information from California Regional Multiple Listing Service, Inc. as of October 4, 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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