5507 S Manhattan Place, Los Angeles, CA 90062
Local realty services provided by:ERA Excel Realty
5507 S Manhattan Place,Los Angeles, CA 90062
$1,625,000
- - Beds
- - Baths
- 4,236 sq. ft.
- Multi-family
- Active
Listed by:brenda hailey
Office:exp realty of greater los angeles, inc.
MLS#:BB25199351
Source:CRMLS
Price summary
- Price:$1,625,000
- Price per sq. ft.:$383.62
About this home
Calling all investors … Don’t miss this rare chance to own a fully upgraded 4-unit income property featuring two duplexes on a 6055 sq foot lot. The unique set up features one newly built in 2024 and one beautifully updated Spanish classic. With a cap rate of 7.13% and a gross rent multiplier (GRM) of 10.95, this asset presents strong current returns and long-term appreciation in a high-demand rental market. This property is one of three 4-unit investment properties available in a portfolio—offering great opportunity for buyers looking to invest in an individual or multiple income-generating assets. The rear duplex offers two units with approx. 1,200 sq ft each, 3 bedrooms and 2 bathrooms. These modern units boast 16-ft ceilings, recessed lighting, wide plank vinyl flooring, dual-pane windows, tankless water heaters, in-unit washer/dryer hookups, fully paid-off solar panels, and fire suppression systems. The front Spanish-style duplex, built in 1923, retains its vintage charm while offering updated comfort. Each unit features 3 bedrooms and 2 bathrooms within approx. 918 sq ft, with new vinyl flooring, upgraded countertops, and in-unit laundry hookups. Additional improvements include a new roof (2016) and electrical panel upgrade (2024). Copper plumbing runs throughout, and each unit has its own electric subpanel and independent electric meter, ensuring complete control over utilities. Centrally located near shopping malls, major freeways, Park Mesa Heights, SOFI Stadium, Downtown LA, USC, Crypto Arena, the upcoming Los Angeles Clippers Stadium, and more. A must-see income property in one of LA’s most dynamic and evolving neighborhoods. Perfect for investors seeking a turn-key, low-maintenance property with 50% of the units non-rent control. This turnkey investment is ideal for stable rental income and long-term growth.
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Home facts
- Year built:2024
- Listing ID #:BB25199351
- Added:1 day(s) ago
- Updated:September 05, 2025 at 09:24 PM
Rooms and interior
- Living area:4,236 sq. ft.
Heating and cooling
- Cooling:Central Air, Ductless
- Heating:Central Furnace, Ductless
Structure and exterior
- Roof:Shingle
- Year built:2024
- Building area:4,236 sq. ft.
- Lot area:0.14 Acres
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,625,000
- Price per sq. ft.:$383.62
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