409 S Manhattan Pl is an apartment community constructed in 1957. Situated in the neighborhood of Koreatown, Los Angeles, the property consists of (11) Studio/One-Bath units, (16) One-Bed/One-Bath units, and (2) Two-Bed/Two Bath units, totaling an average of 538 square feet each. Units are individually metered for gas and electricity and parking consists of tuck under spaces in the front and rear of the property. The property is fully secured and is a two-story wood frame and stucco structure with a pool in the courtyard and the soft story retrofitting has been completed. Also available with 411 and 415 S. Alexandria Avenue, totaling 54 Units.
Property Features
Appliances
- Laundry Features: Community
Bathrooms
Land Info
- Additional Parcels: No
- Land Lease: No
- Lot Description: 0-1 Unit/Acre
- Lot Size Acres: 0.4141
- Lot Size Source: Assessor
- Lot Size Square Feet: 18040
Pool and Spa
Garage and Parking
- Garage Spaces: 25
- Parking Total: 25
Rental Info
- Gross Income: 544994
- Gross Scheduled Income: 546780
- Rent Control: Yes
Multi-Unit Info
- Number of Units: 29
- Bedrooms in Unit-1: 0
- Bedrooms in Unit-2: 1
- Bedrooms in Unit-3: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 2
- Full Bathrooms in Unit-1: 1
- Full Bathrooms in Unit-2: 1
- Full Bathrooms in Unit-3: 2
- Unit-1 Furnished Description: Unfurnished
- Unit-2 Furnished Description: Unfurnished
- Unit-3 Furnished Description: Unfurnished
- Unit-1 Garage Spaces: 25
- Unit 1 Total Actual Rent: 1387.9
- Unit 2 Total Actual Rent: 1607.43
- Unit 3 Total Actual Rent: 2215.2
Amenities and Community Features
- Community Features: Biking, Curbs, Dog Park, Hiking, Park, Sidewalks, Storm Drains, Street Lights, Urban
Other Property Info
- Source Listing Status: Pending
- County: Los Angeles
- Cap Rate: 5.63
- Source Property Type: Residential Income
- Area: KREA - Koreatown
- Source Neighborhood: KREA - Koreatown
- Number of Separate Electric Meters: 29
- Number of Separate Gas Meters: 29
- Parcel Number: 5503016002
- Property Subtype: Apartment
Commercial Info
- Net Operating Income: 303948
- Operating Expense: 226482
Building and Construction
- Year Built: 1957
- Building Features: 1
- Common Walls: 1 Common Wall
- Entry Level: 1
- Entry Location: 1
- Levels: Two
- Property Age: 69
- Property Attached: Yes
- Levels or Stories: Two
- Building Total Stories: 2
- Elevation Units: Feet
- Year Built Source: Assessor
