5507 S Manhattan Place, Los Angeles, CA 90062

• 12 beds
• 4,236 sqft

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 7.13% and a gross rent multiplier (GRM) of 10.95, 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

Listing Status:

Active

Date Added:

September 4, 2025 at 05:00AM

Listing Office:

eXp Realty of Greater Los Angeles, Inc. : 888-584-9427

Listing Agent:

Brenda Hailey : 310-266-9890

MLS ID:

CRBB25199351

Interior

• Appliances: Tankless Water Heater
• Laundry: Gas Dryer HookupInsideOther
• Flooring: TileVinyl
• A/C: Central AirOther
• Heating: Central
• Eco/Green Feature: Other

Exterior

• General: Other

Construction

• General: Stucco

Location

• HOA Amenities: 0.0
• County: Los Angeles

Lot

• Zoning: 5505025026
• View: None

This listing courtesy of Brenda Hailey, eXp Realty of Greater Los Angeles, Inc.