Kenny Stevens Team is pleased to offer for sale Manhattan Apartments, a 43 unit, multifamily community located at 1059 S. Manhattan Place. Situated just one block south of Olympic Boulevard and one block west of Western Avenue, the Property is in the heart of Koreatown, one of the most desirable neighborhoods in Los Angeles. Manhattan Apartments is a charming vintage building. The unit interiors have been renovated to provide the hip, urban living spaces that attract young millennial residents congregating in Koreatown’s urban core. Many renovated apartments offer refinished hardwood flooring, exposed brick walls, new appliances, granite countertops, designer light fixtures, ceiling fans, and pedestal sinks, among other improvements. Upper floor units also offer spectacular views of the city. With recent improvements and its charming appeal, renovated units are quickly leased, and current rents are 22% below market rents. Manhattan Apartments represents an opportunity to acquire a beautiful “Old World” property in an excellent location, while still providing substantial value-add potential through continued renovations.