722 S Manhattan Pl, Los Angeles, CA 90005
FOR SALE

722 S Manhattan Pl
Los Angeles, CA 90005

Mid City
  • 9 Beds
  • 21 Baths
  • 11,965 sqft
  • 9 Beds
  • 21 Baths
  • 11,965 sqft

$4,950,000

Est. Mortgage $31,339/mo*
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Local Information

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Description

We are pleased to present a nineteen (19) unit apartment building located at 722 S Manhattan Place in Los Angeles, California. The subject property is located in a prime Koreatown location south of Wilshire Boulevard and west of S Western Avenue. Built in 1936, this property contains a great unit mix of twelve (12) studio / one-bathroom units, five (5) one-bedroom / one-bathroom units, and two (2) two-bedroom / two-bathroom units. The property is gated and secure with character, French Normandy style architecture in an area that is surrounded by new construction just south of Wilshire Boulevard. Tenants will love living in the heart of Koreatown; just down the street from some of the trendiest retail, restaurant, and entertainment amenities in Los Angeles. The neighboring properties include a new construction 160-unit complex with luxury amenities, and a vacant lot with permits in progress for a new 60-unit, 59,666 SF 7-story edifice. Situated in a prime Koreatown location, this offering presents an excellent opportunity for any investor to capitalize on a rare, mid-size residential asset with interest only assumable financing at an attractive 5.09% interest rate in one of the trendiest markets of Los Angeles.

Home Highlights

Parking
None
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$414
Listed
86 days ago

Home Details for 722 S Manhattan Pl

Interior Features

Beds & Baths
Number of Bedrooms: 9Number of Bathrooms: 21
Dimensions and Layout
Living Area: 11965 Square Feet
Appliances & Utilities
Appliances: Microwave, Refrigerator, Range/Oven, Water Heater UnitLaundry: Laundry AreaMicrowaveRefrigerator
Heating & Cooling
Heating: WallHas CoolingAir Conditioning: Air ConditioningHas HeatingHeating Fuel: Wall
Fireplace & Spa
Spa: None
Levels, Entrance, & Accessibility
Stories: 3Levels: Multi/Split

Exterior Features

Exterior Home Features
Other Structures: NoneExterior: Balcony
Parking & Garage
No CarportNo GarageNo Attached GarageParking: None
Pool
Pool: None

Days on Market

Days on Market: 86

Property Information

Year Built
Year Built: 1936
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
No Additional Parcels

Price & Status

Price
List Price: $4,950,000Price Per Sqft: $414

Active Status

MLS Status: Active

Location

Direction & Address
City: Los Angeles

Agent Information

Listing Agent
Listing ID: 24-353693

Building

Building Area
Building Area: 11965 Square Feet

Lot Information

Lot Area: 7501.032 sqft

Listing Info

Special Conditions: Standard

Compensation

Buyer Agency Commission: 1.5Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Miscellaneous

Mls Number: 24-353693
Last check for updates: about 13 hours ago
Listing courtesy of Jason Tuvia DRE # 01772495, (818) 448-4415
Marcus & Millichap, (818) 212-2700
Source: CLAW, MLS#24-353693

Price History for 722 S Manhattan Pl

DatePriceEventSource
01/31/2024$4,950,000Listed For SaleCLAW #24-353693
10/25/2023ListingRemovedCLAW #23-294245
07/25/2023$4,950,000Listed For SaleCLAW #23-294245

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Property Taxes and Assessment

Year2023
Tax$6,317
Assessment$476,734
Home facts updated by county records

Comparable Sales for 722 S Manhattan Pl

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
732 S Normandie Ave, Los Angeles, CA
0.59
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$4,100,000
11/28/23
9
38
22,556
934 S Saint Andrews Pl, Los Angeles, CA
0.30
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$1,400,000
11/21/23
8
6
4,192
440 S Wilton Pl, Los Angeles, CA
0.53
Multi-Family Home
$2,250,000
12/04/23
14
8
8,630
443 S Norton Ave, Los Angeles, CA
0.65
Multi-Family Home
$2,750,000
09/19/23
8
8
7,877
320 S Kingsley Dr, Los Angeles, CA
0.77
Multi-Family Home
$2,350,000
12/18/23
12
8
10,094
138 S Saint Andrews Pl, Los Angeles, CA
0.90
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$1,920,000
04/12/24
10
10
6,331
1241 Irolo St, Los Angeles, CA
0.91
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$2,880,000
08/31/23
18
18
6,555

Neighborhood Overview

Mid City
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Mid City

  • Paul N Caporaso
    "Diversity and architecture are both very important aspects of the neighborhood. There are great small businesses as well, especially along Pico. Needs safer streets though as cars speed all the time and the area is pinch point for several main boulevards. "
    2
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  • Trulia User
    "Parents need to be vigilant even if this is, relatively speaking, a safe neighborhood. Still, lighting is spotty in places. Carrying flashlights and moving in small groups are both good ideas for evenings"
    4
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  • Trulia User
    "Holiday events and block parties make this a nice and special neighborhood. It feels like a safe environment and people are generally friendly and neighborly."
    0
    Flag
  • Trulia User
    "The neighborhood is okay. Neighbors are not very neighborly. Close to Larchmont Village. I enjoy going there and going to the Farmers Market on Sunday or people watching. "
    0
    Flag
  • Trulia User
    "Close to the 10 and 405. Lots of historic residences. Plenty of shopping and restaurants, parks and museums. Lots of dogs, friendly neighbors. Extremely diverse. "
    3
    Flag
  • Trulia User
    "There are lots of dogs in this neighborhood. There are no dog parks in the area as far as I know. Most people walk their dogs before and after work. "
    0
    Flag
  • Trulia User
    "Mid city is an ideal location for me in LA. Been living here 5yrs and have any problems. I walk my dog daily & all my neighbors are friendly."
    3
    Flag
  • Trulia User
    "Wellington Farmers market, always great for family! It’s always nice hearing the music Sunday morning. "
    0
    Flag
  • Trulia User
    "My job is about 30 to 45 minutes away from where I live because of traffic. and my job is about 12 mi from where I live."
    0
    Flag
  • Trulia User
    "Calm and friendly. Diverse. Centrally located. Young families, young professionals. I love living in this area. "
    0
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  • Trulia User
    "A lot of people walk their dogs. It’s pretty quiet depending what area of the neighborhood your in and people pick up after their dogs for the most part."
    0
    Flag
  • Trulia User
    "This neighborhood has lots of free campsites for homeless residents. The general lack of parking spaces also makes parking a fun adventure that can last hours."
    2
    Flag
  • Trulia User
    "The HPOZ in Miracle Mile is great, but walking on main sector streets right now is not very pleasant due to LAs rampant homelessness issue. "
    1
    Flag
  • Trulia User
    "A lot a families in this neighborhood. A lot of crime too. I don’t feel unsafe but I would let my kid play by himself here."
    0
    Flag
  • Trulia User
    "The neighborhood is gentrifying. Good and bad to that… there are incredible views and the people are nice."
    2
    Flag
  • Trulia User
    "My commute is short. The area is gentrifying which is good and bad of course. I do feel safe here though. "
    0
    Flag
  • Trulia User
    "Local hiding dog park is great way to meet the neighbors l! Dogs are all friendly and know each other!"
    0
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  • Trulia User
    "there aren't many young children here but it's starting to become a young suburban area.thrrr are no community parks local either mostly a foodie area"
    0
    Flag
  • Trulia User
    "The central location of my neighborhood, along with the diversity of residents, and relatively low crime rate combine to make living here a positive experience."
    1
    Flag
  • Trulia User
    "My commute is fast to almost all areas of LA. I feel safe saying that it takes 15-30 minutes driving to and from the west side / Santa Monica / Venice, east side, downtown LA and the valley. It’s very convenient for almost all areas. "
    0
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  • Trulia User
    "I’ve lived in the neighborhood for 20 years. I love it. Good community. Diverse in ethnicity and age. Pretty safe "
    0
    Flag
  • Trulia User
    "There’s a lot of dogs around and there’s even an eco friendly dog wash in the neighborhood. At times there are dogs roaming off leash and random cats around but not a big deal I guess. I don’t own a dog so I’m not to sure what dog owners are looking for. "
    0
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  • Trulia User
    "I don’t have a daily commute atm but mid-City is literally in the middle of the city, making most LA proper destinations within easy driving distance. "
    0
    Flag
  • Trulia User
    "very very good excellent I work in west Hollywood home in 25 mins during traffic.very safe all buses are climate control and access all night service"
    0
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  • Emily
    "No. Issues great family area. Not sure where the farmers market is. Maybe larchmont? Great dog community. I get packages delivered here all the time. "
    4
    Flag
  • Jhowler
    "Miracle Mile is quieter than other mid-City neighborhoods, and crime is relatively low, but it’s still Morgantown to be vigilant and mindful of drivers going too fast, even on block with speed bumps."
    3
    Flag
  • Jennaobando27
    "It’s walkable and accessible to a lot of public parks nearby. It’s not too loud and overall a peaceful neighborhood."
    4
    Flag
  • Crystal R.
    "It’s very Peaceful and quite and there’s a lot of shopping centers near by to shop. Also healthy options as well. "
    3
    Flag
  • Isabelle M.
    "People walk their dogs all the time and at all hours of the day. Women will walk their dogs by themselves at night in the neighborhood, and it's safe! If you have a dog, this is a great area for walks."
    1
    Flag
  • Jhowler
    "Residents are respectful of dog owners, as long as dogs are on leashes and their owners clean up after them, both of which are true the majority of the time, at least since I’ve been living here. Barking dogs can be an issue, with some residents allowing their pets to “express” themselves for longer than they shouldbefore calming them. This is my only dog related complaint."
    4
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  • Kimberface
    "There are many families in this neighborhood. There are a couple of mediocre parks nearby. I don't think the neighborhood is necessarily the safest place but it's not the most dangerous by any means either. Midcity lands in the middle across the board. "
    5
    Flag
  • Nils T. S.
    "it is a nice community of property owners that really care about their community. Friendly. always says Hi. Not a lot of homeless freaks. Feels safe at all times. "
    19
    Flag
  • Heather K.
    "The neighborhood is very family friendly. Dog friendly. Good for walking. Restaurants and shopping nearby. "
    2
    Flag
  • Adahglenn
    "I grew up in this neighborhood and raised my kids here. It’s not perfect but a nice L.A. neighborhood. "
    1
    Flag
  • Yoch91
    "Not many community events. There doesn’t appear to be a lot of community interaction or pride for mid city. Just very nice location for being central to all the fun destinations."
    2
    Flag
  • Wendy C.
    "Close to many restaurants and museums. Not a long drive to get downtown. Some Block parties happen nearby"
    1
    Flag
  • Neda Z.
    "They would like it here, lots of place to walk the dogs around in this neighborhood. And not very much traffic. "
    2
    Flag
  • Angiebgarnett
    "I don’t work far so it’s easy. Mid city is very accessible, and trips to downtown are easy. It’s also pretty easy to get to Santa Monica "
    2
    Flag
  • Aimee M.
    "Moderately good. Lots of shortcuts around and quite accessible. I like it but car insurance is too expensive in this area."
    0
    Flag
  • Taylor H.
    "Lots of grass and friendly neighbors. People from outside the neighborhood come here just so they can walk their dogs. It’s lovely!"
    3
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LGBTQ Local Legal Protections

Jason Tuvia, Marcus & Millichap
© 2024 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
722 S Manhattan Pl, Los Angeles, CA 90005 is a 9 bedroom, 21 bathroom, 11,965 sqft multi-family built in 1936. 722 S Manhattan Pl is located in Mid City, Los Angeles. This property is currently available for sale and was listed by CLAW on Jan 31, 2024. The MLS # for this home is MLS# 24-353693.