Well-maintained 17-unit building cash flowing at an amazing Current Cap Rate of 5.5% and 12.5 GRM from day 1 with an incredible 53% upside to 9.6% Cap Rate and 8.2 GRM on proforma in prime Hancock Park/Larchmont Village area. Attractively priced at only 270k/door and 364/SF with an excellent and large unit mix of 6 (2bed/2bath) units, 2 (2bed/1bath) units, and 9 (1bed/1bath) units including 3 brand-new (1bed/1bath) attached ADUs currently under construction. Additionally, 2 of the units have been completely renovated and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, stainless steel appliances, and major exterior capital improvements. Amenities include a renovated pool and courtyard with seating areas, on-site laundry facilities, secure entry, and covered parking spaces for convenience. Individually metered for gas & electricity with soft-story retrofit already completed. Large 14,364 SF R3 TOC Tier 3 corner lot for future development potential. Located in the heart of Hancock Park just minutes away from Larchmont Village, Koreatown, Hollywood, and Melrose as well as many hip neighborhood attractions, restaurants, bars, and shops such as Wilshire Country Club, Paramount Studios, H Mart, Levain Bakery, Salt & Straw, and Great White, popping up all around the area.
Property Details
Property Features
Property Information:
Year Built: 1961
Stories: 2
Living Area: 12,628 SqFt
Listing Office:
Office Name: Global Platinum Properties, Inc.
Office Phone: (424) 394-1030
Listing Agent: Armin Soleimani
Interior Features
Interior Information:
Appliances: Refrigerator
Interior: Ceiling Fan(s)
Bedroom and Bathroom Information:
Total Bedroom Count: 25
Exterior Features
Parking Information:
Attached Garage: Yes
Parking: Attached Carport
Lot Features
Lot Information:
Lot Size: 0.33 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
School Info
Assigned Schools Information:
Fairfax Senior High School, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
John Burroughs Middle School, Public Magnet Grades 6-8
Studio, Public District Grades 6-8
Van Ness Avenue Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: Located between Beverly Blvd. and Council Street, just one block west of Western Ave.
Price Information
Listing Price Info
Price Summary:
List Price: $4,600,000
Price Per SqFt: $364/SqFt
Tax Information:
Annual Amount: $33,510
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $3.6M more than the Median Sold Price and $268/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24391961
Listing Office:
Office Name: Global Platinum Properties, Inc.
Office Phone: (424) 394-1030
Listing Agent: Armin Soleimani
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/29/2024, 4:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 19, 2013
Mar 19, 2013Home Sold
$2,350,000
Jul 03, 2002
Jul 03, 2002Home Sold
$1,000,000
Mar 13, 1998
Mar 13, 1998Home Sold
$580,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$33,510
$2,668,079
2020
$32,545
$2,640,079
2019
$32,223
$2,588,314
2018
$31,472
$2,537,564
2017
$31,472
$2,487,809
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Van Ness Avenue Elementary School
501 N Van Ness Ave
Distance between this listing and this school0.53 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school2.12 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school20.66 miles
Public Magnet Grades 1-5
Middle School
6
/10
John Burroughs Middle School
600 S Mccadden Pl
Distance between this listing and this school1.69 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school4.68 miles
Public District Grades 6-8
High School
7
/10
Fairfax Senior High School
7850 Melrose Ave
Distance between this listing and this school2.90 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school6.18 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school13.60 miles
Public Magnet Grades 9-12
Assigned Schools
5
/10
Van Ness Avenue Elementary School
501 N Van Ness Ave
Distance between this listing and this school0.53 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school2.12 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school20.66 miles
Public Magnet Grades 1-5
Assigned Schools
6
/10
John Burroughs Middle School
600 S Mccadden Pl
Distance between this listing and this school1.69 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school4.68 miles
Public District Grades 6-8
Nearby Schools
5
/10
Camino Nuevo Academy #2
635 S Harvard Blvd
Distance between this listing and this school0.89 miles
Public Charter Grades KG-8
Assigned Schools
7
/10
Fairfax Senior High School
7850 Melrose Ave
Distance between this listing and this school2.90 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school6.18 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school13.60 miles
The neighbors living near this home have an average income of $58,875. Residents of Los Angeles, CA typically earn between $35k-100k each year. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 204 N Manhattan Pl
What is the listing price of this property?
The listing price of 204 N Manhattan Pl property is $4,600,000.
What type of property is this?
The property 204 N Manhattan Pl is a house located in Los Angeles, California, 90004.
Is this property for sale now?
Active Listing: 204 N Manhattan Pl is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 204 N Manhattan Pl are: Van Ness Avenue Elementary School: GreatSchools Rating 5/10Melrose Avenue Elementary School: GreatSchools Rating 9/10Academy For Enriched Sciences: GreatSchools Rating 9/10John Burroughs Middle School: GreatSchools Rating 6/10Studio: GreatSchools Rating 4/10Fairfax Senior High School: GreatSchools Rating 7/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 7/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $33,510 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 19, 2013 for $2,350,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 204 N Manhattan Pl has 25 bedrooms and 23 bathrooms.
What is the square footage of this property?
The property 204 N Manhattan Pl is 12,628 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 204 N Manhattan Pl is 1961.
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This home is located at 204 N Manhattan Pl in Los Angeles, CA and zip code 90004 in the Central LA neighborhood. This 12,628 square foot home, which was built in 1961, sits on a 0.33 acre lot. Features: 25 bedrooms, 23 bathrooms. It has been listed on Rocket Homes since May 14, 2024 and is currently priced at $4,600,000.
While more than 701 listings in Los Angeles, CA in April 2024 were sold above asking price, there were more than 204 listings sold at asking price, and more than 629 were sold below. The number of listings in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. Listings spent 34 days on the market in April 2024, and had a median list price of $986,427 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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