881 Manhattan Avenue | Los Angeles | State of California | Prices, Plans, Availability

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881 Manhattan Avenue

USD 1,349,000

Property ID: PI23138131

881 Manhattan Avenue ,93433

7302 SqFt

Built in 1962

USD 185/SqFt

0 Bed

0 Full

Location

Direction

Interior Details

Bedrooms

Bathrooms

Interior Size

3468

Construction Details

Property Type --

Property Condition --

Architectural Style --

New Construction --

Year Built 1962

Detailed Introduction Of This Home

881 Manhattan Ave is a 4-unit Apartment Building located just backs from the water. This property is uniquely positioned well below the sold and active comparable sales, while generating over $9,100/month in income. A rare opportunity to acquire a building performing at a 5.5% + cap rate upon acquisition. The 4-units are all comprised of a large 2bed/1ba living areas. Approximately 870 Sq ft units. The property is zoned R3 - with enough lot area to build an additional ADU. The lot offers 4 individual parking spaces with ample parking for the current tenant profile.

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