5507 S Manhattan Place
Los Angeles , CA 90062
MLS#: BB25163912
$1,650,000

Property
Beds
12
Full Baths
2
1/2 Baths
None
Year Built
2024
Sq.Footage
4,236
Price per SqFt
N/A
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 7.33% and a gross rent multiplier (GRM) of 10.7, 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.
Features & Amenities
Interior
-
Total Bedrooms
12
-
Bathrooms
2
Exterior
-
Garage
No
-
Construction Materials
Stucco
-
Other Exterior Features
Rain Gutters
Area & Lot
-
Lot Size(acres)
0.139
-
Property Type
Residential
-
Property Sub Type
Quadruplex
Financial
-
Sales Price
$1,650,000
Property Features
-
Association
NO
-
Senior Community YN
No
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Brenda Hailey , eXp Realty of Greater Los Angeles, Inc.
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