2651 S Manhattan Place, Los Angeles, CA 90018

Local realty services provided by:ERA North Orange County Real Estate
#1#2#3
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:24 day(s) ago
  • Updated:August 18, 2025 at 10:26 AM

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
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