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$739,000

Beds
2
sq ft
1,456

5166 S Manhattan Pl, Los Angeles, CA 90062

5166 S Manhattan Pl

Los Angeles, CA 90062

  • 65 days on market
Welcome to this charming income property located in a highly sought-after area of South LA. Moments away from Leimert Park, West Adams, Jefferson Park, Expo Park, USC, the 110 FWY, and Inglewood. This duplex is fully occupied, with one unit renovated. The two-car garage presents the opportunity for an ADU conversion, thus adding value and increasing future rental income. The location makes this property an attractive investment, with a range of amenities, cultural hubs, and major transportation routes just moments away. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a property with exceptional income potential, this duplex is a true gem. NOTE: This property is being sold on its own, but if you are interested in additional properties, this is one of four multi-units in a larger portfolio all within one mile of each other in 90062. Other addresses are 5162 Ruthelen St, 5419 S St. Andrews Pl and 5722 S Manhattan Pl. Contact listing agents for more info.

Details

Property type

Est. home value

$750,707

Lot size

5,676 sq ft

Price per sq ft

$508

Year built

1922

HOA

No

Price History

07/17/2024
CLAW

CLAW #24347885

Removed
$739,000
07/17/2024
CLAW

CLAW #24415423

Listed
$739,000
01/17/2024
CLAW

CLAW #24347885

Listed
$739,000
+59.99%

Schools & Community

Neighborhood: 

South Los Angeles

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

East West Bank

Loan start date

August 2022

Original loan amount

$300,000

Est. remaining balance

Not provided

Interest rate

4.19%

Loan type

Credit Line (Revolving), 30 year

Seller

Lunada Bay Investments Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/20/2024 at 11:40 AM

Listing updated: 07/26/2024 at 2:13 PM

Listed by: Karlyn Nelson, Compass Phone #: (310) 230-5478

MLS: CLAW #24415423

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