- 20 Beds
- 18 Baths
- 12,628 Sqft
- .33 Acres
204 Manhattan Place
Price Reduction! Well maintained 17-unit building in prime Hancock Park/Larchmont Village area cash flowing at an amazing Current Cap Rate of 5.3% from day 1 with upside to 7.5% Cap Rate on Proforma. Approved RTI plans to add 4 detached ADUs to achieve a remarkable 7% Current Cap Rate, 9.2% Proforma Cap Rate, and only 277k/door after taking into account all constructions costs (~340k assuming $250/SF). Large unit mix of 6 (2bed/2bath) units, 2 (2bed/1bath) units, and 9 (1bed/1bath) units including 3 newly-built attached ADUs. Select units have been renovated and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, stainless steel appliances, and major exterior capital improvements. Amenities include a renovated pool and courtyard with seating areas, on-site laundry facilities, secure entry, and parking for convenience. Individually metered for gas & electricity with soft-story retrofit already completed. Large 14,364 SF R3 TOC Tier 3 corner lot for future development potential. Located in the heart of Hancock Park just minutes away from Larchmont Village, Koreatown, Hollywood, and Melrose as well as many hip neighborhood attractions, restaurants, bars, and shops such as Wilshire Country Club, Paramount Studios, H Mart, Levain Bakery, Salt & Straw, and Great White, popping up all around the area.
Essential Information
- MLS® #25587109
- Price$5,495,000
- Bedrooms20
- Bathrooms18.00
- Square Footage12,628
- Acres0.33
- Year Built1961
- TypeResidential Income
- StatusActive
Community Information
- Address204 Manhattan Place
- AreaC18 - Hancock Park-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90004
Amenities
- Parking Spaces8
- ParkingGated
- GaragesGated
- Has PoolYes
- PoolIn Ground
Interior
- HeatingElectric
- # of Stories2
- StoriesTwo
Additional Information
- Date ListedSeptember 3rd, 2025
- Days on Market26
- ZoningLAR3
Listing Details
- AgentArmin Soleimani
Office
Global Platinum Properties, Inc.
Armin Soleimani, Global Platinum Properties, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of September 30th, 2025 at 9:26pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.