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. 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.
1059 S. Manhattan Place
Manhattan Place, Koreatown
Property Details.
Year Built 1928
# of Units 43
Price P/ Unit $187,209
Sq. ft. 30,164
Price p/ Sq. ft. $267
Lot Size 9195
Zoning LAR1
1059 S Manhattan Pl
Los Angeles, CA 90019
Los Angeles, CA 90019
