Exceptional 4-unit investment opportunity in one of Los Angeles’ most desirable rental pockets, ideally located just minutes from Hancock Park, Windsor Square, and Larchmont Village. Situated in a highly sought-after neighborhood with strong and consistent tenant demand, this property offers an attractive combination of stable current income and significant upside potential.
The property consists of four spacious 3-bedroom units, including one 3-bedroom, 2.5-bath unit and three 3-bedroom, 2-bath units—an excellent unit mix that appeals to families and long-term tenants. Current rents provide immediate cash flow, while below-market leases offer investors the opportunity to increase income over time.
Offered at $1,850,000, the property is projected to achieve approximately a 5.5% pro forma cap rate, making it a compelling value-add opportunity in a high-demand Los Angeles location. Conveniently located near Wilshire Country Club, Koreatown, Downtown LA, Hollywood, and major transportation corridors.
A rare chance to acquire a well-located multifamily asset with large units, strong rental demand, and meaningful upside in one of Los Angeles’ most established and appreciating neighborhoods.
For sale
Listed by: Premier Realty • Annie Lee • Contact: 714-987-2225
$1,850,000
139 S Manhattan Pl, Los Angeles, CA 90004
12beds
9baths
5,204sqft
Quadruplex
Built in 1921
-- sqft lot
$1,828,500 Zestimate®
$355/sqft
$-- HOA
What's special
- 86 days |
- 54 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Annie Lee DRE #01968283 annie.lee@baikhome.com,
Premier Realty,
Ethan Baik DRE #01927947 714-882-9212,
Premier Realty
Source: CRMLS,MLS#: DW26085689
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 9
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Inside
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 5,204
- Total interior livable area: 5,204 sqft
Property
Parking
- Total spaces: 8
- Parking features: Garage
- Garage spaces: 8
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Has view: Yes
- View description: City Lights
Lot
- Size: 6,637 Square Feet
- Features: Level, Paved, Rectangular Lot
Details
- Parcel number: 5516025024
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1921
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Community & HOA
Community
- Features: Sidewalks, Urban
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $355/sqft
- Tax assessed value: $1,621,402
- Annual tax amount: $20,055
- Date on market: 4/22/2026
- Cumulative days on market: 86 days
- Listing terms: Cash,Conventional,1031 Exchange
- Total actual rent: 8892
- Tenant pays: Electricity, Gas
Estimated market value
$1,828,500
$1.74M - $1.92M
$2,577/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/22/2026 | Listed for sale | $1,850,000+29.8%$355/sqft |
Source:  CRMLS #DW26085689 Report a problem | ||
| 12/29/2017 | Sold | $1,425,000-5%$274/sqft |
Source: Public Record Report a problem | ||
| 9/7/2016 | Listing removed | $1,500,000$288/sqft |
Source: Choice 100 Realty, Inc. #16128984_CLAW Report a problem | ||
| 5/28/2016 | Listed for sale | $1,500,000+289.6%$288/sqft |
Source: Choice 100 Realty, Inc. #16128984 Report a problem | ||
| 6/21/2002 | Sold | $385,000$74/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $20,055 +1.3% | $1,621,402 +2% |
| 2024 | $19,796 +1.9% | $1,589,611 +2% |
| 2023 | $19,421 +4.8% | $1,558,443 +2% |
| 2022 | $18,532 +1.3% | $1,527,887 +2% |
| 2021 | $18,286 -1% | $1,497,929 +1% |
| 2020 | $18,469 | $1,482,570 +2% |
| 2019 | $18,469 +5.1% | $1,453,500 +2% |
| 2018 | $17,569 | $1,425,000 +63.1% |
| 2017 | $17,569 +60.5% | $873,544 +2% |
| 2016 | $10,948 +2.7% | $856,417 +1.5% |
| 2015 | $10,655 +0.9% | $843,554 +2% |
| 2014 | $10,559 | $827,031 +2.5% |
| 2012 | -- | $807,153 +2% |
| 2011 | -- | $791,328 +0.8% |
| 2010 | -- | $785,415 -0.2% |
| 2009 | -- | $787,282 +2% |
| 2008 | -- | $771,846 +2% |
| 2007 | -- | $756,712 +2% |
| 2006 | -- | $741,876 |
| 2005 | -- | $741,876 +4% |
| 2004 | -- | $713,069 +81.6% |
| 2003 | -- | $392,700 +469% |
| 2002 | -- | $69,014 +4% |
| 2000 | -- | $66,337 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Koreatown
Nearby schools
GreatSchools rating
- 9/10Charles H. Kim Elementary SchoolGrades: K-5Distance: 0.2 mi
- 7/10John Burroughs Middle SchoolGrades: 6-8Distance: 1.6 mi
- 4/10Los Angeles Senior High SchoolGrades: 9-12Distance: 1.7 mi
- $--1 bd1 ba700 sqft149 S Manhattan Pl #102, Los Angeles, CA 90004Off Market
- $--1 bd1 ba550 sqft149 S Manhattan Pl #202, Los Angeles, CA 90004Off Market
- $--1 bd1 ba650 sqft149 S Manhattan Pl APT 107, Los Angeles, CA 90004Off Market
- $--2 bd1 ba800 sqft149 S Manhattan Pl #207, Los Angeles, CA 90004Off Market
- $---- bd1 ba450 sqft149 S Manhattan Pl #106, Los Angeles, CA 90004Off Market
- $---- bd1 ba450 sqft149 S Manhattan Pl #105, Los Angeles, CA 90004Off Market
- $---- bd1 ba400 sqft131 S Manhattan Pl APT 10, Los Angeles, CA 90004Off Market
- $---- bd1 ba300 sqft131 S Manhattan Pl APT 23, Los Angeles, CA 90004Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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