Los Angeles, CA 90062 5507 S Manhattan Place

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Presented By: Brenda Hailey with eXp Realty of Greater Los Angeles, Inc.; 310-266-9890
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# BB25087688
  • 05/05/2025
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 12
  • Baths • 8
  • SQFT • 4,236

Home Details

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 and one beautifully updated Spanish classic. The rear duplex, built in 2024, 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.
Presented By: Brenda Hailey with eXp Realty of Greater Los Angeles, Inc.; 310-266-9890

Interior Features for 5507 S Manhattan Place

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringTile, Vinyl
Heating Y/NYes
Laundry FeaturesWasherHookup, GasDryerHookup, Inside
Total Stories2

Other Rooms

Entry Level1

General for 5507 S Manhattan Place

AccessibilityNone
Additional Parcels Y/NNo
AppliancesTanklessWaterHeater
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesCurbs, Sidewalks
Construction MaterialsStucco
CoolingCentralAir, Ductless
CountyLos Angeles
DirectionsWest of Western Avenue / North of Slauson Avenue
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationStreet
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Green Energy GenerationSolar
Gross Income166200.0
HOANo
HOA Fee$0.0
HeatingCentral, Ductless
Home Warranty Y/NNo
Insurance Expense2263.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Conventional, Exchange1031, FHA, FreddieMac
Lot Size Square Feet6055.0
Lot Size UnitsSquareFeet
MLS AreaPHHT - Park Hills Heights
MobileHomeRemainsYNNo
Net Operating Income122909.0
New ConstructionNo
Number Of Units Total4
Operating Expense35000.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
RoofShingle
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot795
Taxes$0
Tenant PaysElectricity, Gas
Trash Expense0.0
UtilitiesElectricityConnected, SewerConnected, WaterConnected
ViewNone
Water Sewer Expense5760.0
Waterfront Y/NNo
Year Built2024
Year Built SourceAssessor

Exterior for 5507 S Manhattan Place

Building Area Total4236.0
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.139
Lot Size Area6055.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Pool Charge0.0
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,699,999
MLS#BB25087688
List Date 05/05/2025
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
Visit My Website

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