Log In/Sign Up
Your email has been sent.
409 S Manhattan Pl 29 Unit Apartment Building $7,537,968 CAD ($259,930 CAD/Unit) 5.63% Cap Rate Los Angeles, CA 90020
EXECUTIVE SUMMARY
409 S Manhattan Pl is an apartment community constructed in 1957. Situated in the neighborhood of Koreatown, Los Angeles, the property consists of (11) Studio/One- Bath units, (16) One-Bed/One-Bath units, and (2) Two-Bed/Two Bath units, totaling an average of 538 square feet each.
Units are individually metered for gas and electricity and parking consists of tuck under spaces in the front and rear of the property. The property is fully secured and is a two-story wood frame and stucco structure with a pool in the courtyard and the soft story retrofitting has been completed.
Units are individually metered for gas and electricity and parking consists of tuck under spaces in the front and rear of the property. The property is fully secured and is a two-story wood frame and stucco structure with a pool in the courtyard and the soft story retrofitting has been completed.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $7,537,968 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $259,930 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Cap Rate | 5.63% | Building Size | 19,108 SF |
| Gross Rent Multiplier | 9.88 | No. Stories | 2 |
| No. Units | 29 | Year Built | 1957 |
| Property Type | Multifamily | Parking Ratio | 0.86/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R4-2, Los Angeles | ||
| Price | $7,537,968 CAD |
| Price Per Unit | $259,930 CAD |
| Sale Type | Investment |
| Cap Rate | 5.63% |
| Gross Rent Multiplier | 9.88 |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 19,108 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | R4-2, Los Angeles |
AMENITIES
UNIT AMENITIES
- Storage Space
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- Controlled Access
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 11 | $1,778 CAD | 400 |
| 1+1 | 16 | $2,130 CAD | 600 |
| 2+1 | 2 | $3,092 CAD | 800 |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (78)
PROPERTY TAXES
| Parcel Number | 5503-016-002 | Total Assessment | $3,346,142 CAD (2025) |
| Land Assessment | $2,082,233 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,263,909 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5503-016-002
Land Assessment
$2,082,233 CAD (2025)
Improvements Assessment
$1,263,909 CAD (2025)
Total Assessment
$3,346,142 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
1 of 19
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
409 S Manhattan Pl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.