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Back 204 N Manhattan Pl
Off Market

204 N Manhattan Pl

Los Angeles CA 90004

25
23
8
12628 sq. ft.
14319 sq. ft.
Other
Last sold for $4,850,000
Armin SoleimaniArmin Soleimani, last sold this property on 26 December 2025 after 716 days on market.

Overview

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.

Features

25 bedrooms
23 bathrooms
8 carspaces
12628 sq. ft. floor area
14319 sq. ft. lot size
Other

Estimated Value

We need at least 3 similar 25 bedroom other properties sold in Los Angeles over the last 12 months.

Property history for 204 N Manhattan Pl

2025
Sold
$4,850,000
26 Dec 2025 by Armin Soleimani, of Global Major Properties
2013
Sold
$1,159,672
19 Mar 2013

Happy sellers in Los Angeles

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