Homes for sale - 5507 South Manhattan Place, Los Angeles, CA 90062 ...

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sun

Aug

Mon

Aug

Tue

Aug

Marissa Buss & Danny Lampert

marissabussre@gmail.com +1(818) 515-7131

Listed by Brenda Hailey • eXp Realty of Greater Los Angeles, Inc.

$ 1,650,000

Est. payment | -/mo

4,236 SqFt

Save

$ 1,650,000

Est. payment | -/mo

Save

4,236 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,236 sqft

Price per Sqft $389

MLS Listing ID BB-25162817

Year Built 2024

Lot Size 6,055 Sqft

Property Sub-Type Quadruplex

Property Description

Calling all investors ... Don't miss this rare chance to own a fully upgraded 4-unit income property featuring two duplexes on a 6055 sq foot lot. The unique set up features one newly built in 2024 and one beautifully updated Spanish classic. With a cap rate of 7.33% and a gross rent multiplier (GRM) of 10.7, this asset presents strong current returns and long-term appreciation in a high-demand rental market. This property is one of three 4-unit investment properties available in a portfolio--offering great opportunity for buyers looking to invest in an individual or multiple income-generating assets. The rear duplex offers two units with approx. 1,200 sq ft each, 3 bedrooms and 2 bathrooms. These modern units boast 16-ft ceilings, recessed lighting, wide plank vinyl flooring, dual-pane windows, tankless water heaters, in-unit washer/dryer hookups, fully paid-off solar panels, and fire suppression systems. The front Spanish-style duplex, built in 1923, retains its vintage charm while offering updated comfort. Each unit features 3 bedrooms and 2 bathrooms within approx. 918 sq ft, with new vinyl flooring, upgraded countertops, and in-unit laundry hookups. Additional improvements include a new roof (2016) and electrical panel upgrade (2024). Copper plumbing runs throughout, and each unit has its own electric subpanel and independent electric meter, ensuring complete control over utilities. Centrally located near shopping malls, major freeways, Park Mesa Heights, SOFI Stadium, Downtown LA, USC, Crypto Arena, the upcoming Los Angeles Clippers Stadium, and more. A must-see income property in one of LA's most dynamic and evolving neighborhoods. Perfect for investors seeking a turn-key, low-maintenance property with 50% of the units non-rent control. This turnkey investment is ideal for stable rental income and long-term growth.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Interior

Heating Ductless, Central

Flooring Tile, Vinyl

Fireplaces Type None

Inclusions Fully paid off Solar Panels

Laundry Gas Dryer Hookup, Inside, Washer Hookup

Exterior

Exterior Feature Rain Gutters

Parking Features Gated

Pool None

Community Features Gutters, Sidewalks

Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected

View Y/N No

View None

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

GET MORE INFORMATION

Marissa Buss & Danny Lampert

Lic# 01770909 | 01834114

marissabussre@gmail.com

+1(818) 515-7131

2475 Townsgate Rd Ste. 160, Westlake Village, CA, 91361

5507 South Manhattan Place Los Angeles, CA 90062

Marissa Buss & Danny Lampert

Key Details

Location

Interior

Exterior

Building

GET MORE INFORMATION

Go tour this home

5507 South Manhattan Place