5507 S Manhattan Place, Los Angeles, CA 90062 - MLS#BB25199351

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Anthony Napoli

Hunter & Maddox International Inc

realestate@anthonynapoli.com +1(619) 750-3558

$1,625,000

Est. payment - /mo

12 Beds

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB25199351

Bedrooms 12

Property Sub-Type Res Income 2-4 Units

Property Description

Calling all investors Dont 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 portfoliooffering 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 pro

Location

State CA

County Los Angeles

Zoning Public Rec

Direction West of Western Avenue / North of Slauson Avenue

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5505025026

Acceptable Financing Conventional, Exchange, FHA

Listing Terms Conventional, Exchange, FHA

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Listed by Brenda Hailey eXp Realty of Greater Los Angeles, Inc.

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Anthony Napoli

+1(619) 750-3558

Agent | License ID: 01311452

Agent License ID: 01311452

5507 S Manhattan Place Los Angeles, CA 90062

Anthony Napoli

Key Details

Location

Interior

Exterior

Building

Others

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