Features & Amenities

Interior

  • Total Bedrooms

    12

  • Bathrooms

    2

  • Cooling YN

    YES

  • Cooling

    Central Air, Ductless

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central, Ductless

  • Main Level Bedrooms

    8

Exterior

  • Garage

    No

  • Construction Materials

    Stucco

  • Other Exterior Features

    Rain Gutters

  • Pool

    Yes

  • Pool Features

    None

  • View

    None

Area & Lot

  • Lot Size(acres)

    0.139

  • Property Type

    Residential

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $1,650,000

  • Sq. Footage

    4, 236

  • Price/SqFt

    $389

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Foundation Details

    Slab

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    795

  • Water Source

    Public

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Listing Courtesy of Brenda Hailey , eXp Realty of Greater Los Angeles, Inc.

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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.

5507 S Manhattan Place

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