1401 S Manhattan Pl, Los Angeles, CA 90019

Price reduced by $360.000. The new asking price is $3,540,000. The Manhattan Place Apartments is a 15-unit apartment building location in the Koreatown area of Los Angeles. The property has a unit mix consisting of nine apartments that are one-bedroom with one-bathroom and six apartments that are two-bedrooms with one-bathroom. There is tuck under and open parking in the rear of the property for approximately 15 vehicles. The seller recently completed the city of Los Angeles required soft story structural retrofitting. The property is of two-story wood frame and stucco construction with a central courtyard. Units are individually metered for gas and electricity. The property is within a short distance to the intersection of Pico Boulevard and Western Avenue and close the 10 freeway. As of September 2020, all of the units are leased, and all tenants are currently paying rent monthly.