Active

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 : Residential Income

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

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Cooling Features

    Wall/Window Unit(s) Air Conditioning

  • Building Information

    Year Built: 1921 Building Area Total: 5,204
  • Pool Features

    None

    Laundry Features

    Inside

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1524
  • Lot Size Source: Assessor Lot Size Square Feet: 6637

  • Listing Price Information

    Original List Price: 1,850,000 Listing Contract Date: 2026-04-14
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5516025024

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Electricity,Gas

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C18 - Hancock Park-Wilshire Directions: Located west of Western Ave. From Olympic Blvd, go north on Manhattan Pl. Property is on the left. Zoning: LAR3 Source Property Type: Residential Income Area: C18 - Hancock Park-Wilshire Property SubType: Quadruplex
  • Building and Construction

    Property Age: 105 Common Walls: 2+ Common Walls Structure Type: Quadruplex Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
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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
152 S Westmoreland Avenue, Los Angeles, CA, 90004 $2,200,000 8 4 4,836 4,836 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
328 N Mariposa, Los Angeles, CA, 90004 $1,350,000 8 4 5,782 5,782 SqFt
142 148 S Manhattan Pl.., Los Angeles, CA, 90004 $1,975,000 -- -- 5,136 5,136 SqFt

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ByOwner last updated this listing 06/11/2026 @ 03:56

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

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