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139 S Manhattan

Los Angeles, CA 90004
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Bed 12

Bed

Bath 8.5

Bath

SqFt5,204

Sqft

SqFt6,637

Sqft(Lot)

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 units—an 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 f orma 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,850,000

AD Id : 77638520

MLS Id : DW26085689

Beds : 12

Lot Size : 6,637 Sqft

Living Area Size : 5,204

Year Built : 1921

Garage : 8

County : Los Angeles

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Feature Features

  • Heating & Cooling

    Has Cooling: Yes Cooling: Wall/Window Unit(s)

  • Building Information

    Year Built: 1921
    Building Area Total: 5204
    Stories: 2
    Pool Features: None
    Private Pool: No
    View: City Lights

  • Lot Information

    Main Square Feet: 6637 Lot Size Acres: 0.1524 Lot Size Source: Assessor Lot Size Square Feet: 6,637 Lot Description: Level,Paved,Rectangular Lot

  • Listing Price Information

    Listing Price: $1850000
    Cash, Conventional, 1031 Exchange

  • Tax Information

    Parcel Number: 5516025024 Tax Lot: 36

  • Parking Information

    Parking Total: 8

    Garage Information

    Has Garage: Yes Garage Space: 8

  • Utility Information

    Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Location Information

    Direction: Located west of Western Ave. From Olympic Blvd, go north on Manhattan Pl. Property is on the left. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
316 N Virgil Avenue, Los Angeles, CA, 90004 $979,999 6 4 1,278 1,278 SqFt
211 S Hoover Street, Los Angeles, CA, 90004 $2,750,000 3 3 6,448 6,448 SqFt
152 S Westmoreland Avenue, Los Angeles, CA, 90004 $2,200,000 8 4 4,836 4,836 SqFt
548 N Kenmore, Los Angeles, CA, 90004 $1,595,000 8 4 5,276 5,276 SqFt
4214 Rosewood, Los Angeles, CA, 90004 $1,499,000 10 4 4,581 4,581 SqFt
310 N Kenmore Avenue, Los Angeles, CA, 90004 $1,399,000 3 -- 2,496 2,496 SqFt
109 S Catalina Street, Los Angeles, CA, 90004 $1,600,000 8 4 5,540 5,540 SqFt
422 Normandie Place, Los Angeles, CA, 90004 $750,000 5 2.5 1,538 1,538 SqFt
422 Normandie Place, Los Angeles, CA, 90004 $750,000 5 2 1,538 1,538 SqFt
148 S Normandie Avenue, Los Angeles, CA, 90004 $1,750,000 7 6 3,559 3,559 SqFt

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ByOwner last updated this listing 07/28/2026 @ 16:34

MLS: DW26085689 LISTED BY: Annie Lee, Premier Realty 714-732-2170 SOURCE: CRMLS

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