1810 S Manhattan Place

Description

This 5 unit apartment building built in 1923 has over 25% rental upside and is unique in unit mix offering 4 two bedroom units, and 1 one bedroom unit within4,700 of building square feet. Additionally there are 5 parking spaces. Conveniently located in Korea town the units are separately metered for gas and electricity. There is an attractive assumable loan with Chase Bank with a loan amount of approx. $570,000 and an interest rate of 3.49% fixed until May 2026. To create additional long term income, the Seller has started the process of obtaining permits to build a 3 bedroom ADU in the rear building with a separate entrance to each bedroom creating a co-living unit.

Listing information courtesy of: Henry Garcia, Real Broker 818-309-3935. *Based on information from the Association of REALTORS/Multiple Listing as of 01/26/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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. Properties may or may not be listed by the office/agent presenting the information.