$4,950,000 Price Analysis 722 S Manhattan PlLos Angeles, CA 90005 9 bed 21 bath 11,965 SqFt ($413/SqFt) 7,503SqFt lot. Built 1936 Listed 2024-01-31, Taxes $47,318 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
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 extraordinary 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 constr uction south of Wilshire Boulevard.
Tenants will love living in the heart of Koreatown; 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 nvestor to capitalize on a rare, mid-size residential asset with interest assumable financing at an attractive 5.09% interest rate in one of the trendiest markets of Los Angeles.
Presented by Jason Tuvia at
Marcus & Millichap.
Property MLS #24-353693 from TheMLSCLAW
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $1,222,309 + $2,680,504 $3,902,813 | $47,318 |
2021 | $1,198,343 + $2,627,946 $3,826,289 | $46,705 |
2020 | $1,186,056 + $2,601,000 $3,787,056 | $47,180 |
2019 | $1,162,800 + $2,550,000 $3,712,800 | $45,326 |
2018 | $1,140,000 + $2,500,000 $3,640,000 | $45,211 |
2017 | $1,035,555 + $1,605,109 $2,640,664 | $33,134 |
2016 | $1,015,250 + $1,573,637 $2,588,887 | $32,322 |
2015 | $1,000,000 + $1,550,000 $2,550,000 | $31,887 |
2014 | $639,434 + $169,258 $808,692 | $11,372 |
2013 | $636,545 + $168,494 $805,039 | $11,368 |
2012 | $624,064 + $165,191 $789,255 | $11,519 |
2010 | $611,828 + $161,952 $773,780 | $11,347 |
2009 | $608,699 + $161,124 $769,823 | $10,946 |
2009 | $607,256 + $160,742 $767,998 | $10,946 |
2008 | $596,764 + $157,965 $754,729 | $10,530 |
2007 | $585,063 + $154,868 $739,931 | $10,159 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.