Property Detail

139 Manhattan

Los Angeles CA 90004

$1,850,000

Status: Active

Property Details

Description

Exceptional 4-unit investment opportunity in one of Los Angeles most desirable rental pockets, ideally located just minutes from Hancock Park, Windsor Square, and Larchmont Village. Situated in a highly sought-after neighborhood with strong and consistent tenant demand, this property offers an attractive combination of stable current income and significant upside potential. The property consists of four spacious 3-bedroom units, including one 3-bedroom, 2.5-bath unit and three 3-bedroom, 2-bath unitsan excellent unit mix that appeals to families and long-term tenants. Current rents provide immediate cash flow, while below-market leases offer investors the opportunity to increase income over time. Offered at $1,850,000, the property is projected to achieve approximately a 5.5% pro forma cap rate, making it a compelling value-add opportunity in a high-demand Los Angeles location. Conveniently located near Wilshire Country Club, Koreatown, Downtown LA, Hollywood, and major transportation corridors. A rare chance to acquire a well-located multifamily asset with large units, strong rental demand, and meaningful upside in one of Los Angeles most established and appreciating neighborhoods.

Map Location

Listing provided courtesy of Annie Lee of Premier Realty. Last updated . Listing information © 2025 SANDICOR.

Get In Touch

Mark Marquez

Mark Marquez

CA DRE# 01232386

Real estate Realtors https://www.zillow.com/profile/MarkMarquezCIPS