460 S Manhattan Place

    Los Angeles (City), CA 90020
    • $2,700,000
    • STATUS: Active
    • ON SITE: 119 days
    • ID#: 19472256
    UPDATED: 197 min ago
    $2,700,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,657
      SQFT
    • $312
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    We are proud to present this value add opportunity in Koreatown. The five unit building is located on a hard corner on Manhattan Place just west of Western Avenue and south of 3rd Street. The Letter of Determination is approved for a 30 unit site featuring 7 affordable units on the LAR4 zoned lot. That breaks down to $90,000 per build-able unit.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. 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 or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/96070335

    460 S Manhattan Place Los Angeles (City), CA 90020

    • Price: $2,700,000
    • Status: Active
    • Updated: 197 min ago
    • ID#: 19472256
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    8,657
    SQFT
    $312
    $/SQFT
    1923
    Built
    Neighborhood:
    HPK - Hancock Park
    County:
    Los Angeles
    Area:
    HPK - Hancock Park
    Property Description
    We are proud to present this value add opportunity in Koreatown. The five unit building is located on a hard corner on Manhattan Place just west of Western Avenue and south of 3rd Street. The Letter of Determination is approved for a 30 unit site featuring 7 affordable units on the LAR4 zoned lot. That breaks down to $90,000 per build-able unit.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Interior Features

    Appliances Refrigerator Appliances YN Yes

    Property Features

    Gross Multiplier 0.00 Gross Operating Income 60493.00 Improvements Amount 542640 Land Value 1267860 Net Operating Income 0.00 Special Listing Conditions Standard Total Expenses 0.00 Zoning Lar4

    Listing provided courtesy of David Kaufman of David Ballin Kaufman


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. 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 or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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