***BANK OWNED SALE*** 64 UNITS RTI Plans - We are excited to offer 734 S. Manhattan Place, a 15,000-square-foot TOC Tier 3 vacant lot zoned R4-2 in the heart of Koreatown. This prime development opportunity offers various possibilities, including the option to immediately begin construction on a fully approved 64-unit, seven-story project, or to explore a new design for an ED1 100% affordable housing project.The current owner has full approvals to build a 60 unit + 4 ADUs RTI (Ready-to -Issue) development. The seven-story proposed project will encompass approximately 61,639 square feet in total building area. Of the 64 units proposed, 24 will be studio units, 30 will be three-bedroom units, 6 will be four-bedroom units and 4 will be ADUs. 6 of the 64 total units will need to be dedicated to extremely low income affordable units. The plans include 33 automobile parking spaces, 49 long-term bicycle spaces and 12 short-term parking spaces. Designed with modern living in mind, each unit will appeal to a wide range of tenants, ensuring high occupancy rates and steady cash flow. Property is currently fully vacant, so no tenant relocations required. Located just two blocks from the Wilshire/Western intersection, this property offers easy access to the vibrant amenities of Koreatown and within short driving distance of Downtown LA, Hollywood, Los Feliz, Silver Lake, and Hancock Park.
Pending
$2,900,000
734 S Manhattan Pl, Los Angeles, CA 90005
--beds
--baths
0.34Acres
Unimproved Land
Built in ----
0.34 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 220 days
- 10
- 0
Zillow last checked:
Listing updated:
Listed by:
Don Favia DRE # 01841258 818-632-4660,
Realty Investment Advisors, Inc.,
Benjamin J. Hsiang DRE # 01438644 424-377-6001,
Realty Investment Advisors, Inc.
Source: CLAW,MLS#: 26672299
Facts & features
Foreclosure details
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 11/23/2020 | Sold | $2,697,000+7.9% |
Source: Public Record Report a problem | ||
| 11/26/2019 | Sold | $2,500,000+56.3% |
Source: Public Record Report a problem | ||
| 2/22/2017 | Listing removed | $1,599,000+39.4% |
Source: New Star Realty #16127674_CLAW Report a problem | ||
| 1/17/2017 | Sold | $1,147,000-28.3% |
Source: Public Record Report a problem | ||
| 6/9/2016 | Pending sale | $1,599,000 |
Source: New Star Realty #16127674 Report a problem | ||
| 5/22/2016 | Listed for sale | $1,599,000+34.4% |
Source: New Star Realty #16127674 Report a problem | ||
| 12/23/2005 | Sold | $1,190,000+116.8% |
Source: Public Record Report a problem | ||
| 9/30/2002 | Sold | $549,000+64.4% |
Source: Public Record Report a problem | ||
| 6/11/2001 | Sold | $334,000-1.5% |
Source: Public Record Report a problem | ||
| 1/16/2001 | Sold | $339,000+162.8% |
Source: Public Record Report a problem | ||
| 8/8/1994 | Sold | $129,000-32.1% |
Source: Public Record Report a problem | ||
| 12/10/1993 | Sold | $190,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $5,358,881 +2% |
| 2025 | $62,416 +0.6% | $5,253,805 +2% |
| 2024 | $62,040 +2.4% | $5,150,790 +2% |
| 2023 | $60,581 +84.8% | $5,049,795 +83.6% |
| 2022 | $32,787 +1.3% | $2,750,436 +2% |
| 2021 | $32,379 +5.5% | $2,696,506 +7.9% |
| 2020 | $30,687 | $2,500,000 +109.5% |
| 2019 | $30,687 +111.1% | $1,193,350 +2% |
| 2018 | $14,535 | $1,169,951 +57.6% |
| 2017 | $14,535 +54.7% | $742,234 +7.2% |
| 2016 | $9,397 +7.7% | $692,643 +1.5% |
| 2015 | $8,721 +0.8% | $682,240 +2% |
| 2014 | $8,651 | $668,877 +2.5% |
| 2012 | -- | $652,800 -28.3% |
| 2011 | -- | $910,000 -27.8% |
| 2010 | -- | $1,259,842 -0.2% |
| 2009 | -- | $1,262,836 +2% |
| 2008 | -- | $1,238,076 +2% |
| 2007 | -- | $1,213,800 +2% |
| 2006 | -- | $1,190,000 +104.5% |
| 2005 | -- | $581,841 +4% |
| 2004 | -- | $559,249 +1.9% |
| 2003 | -- | $549,000 +61.1% |
| 2002 | -- | $340,680 +11.3% |
| 2000 | -- | $305,999 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Koreatown
- $1,291,4003 bd2 ba-- sqft734 S Manhattan Pl #736, Los Angeles, CA 90005Off Market
- $2,200,3444 bd2 ba3.1k sqft728 S Manhattan Pl, Los Angeles, CA 90005Off Market
- $--3 bd2 ba1.2k sqft736 S Manhattan Pl, Los Angeles, CA 90005Off Market
- $1,292,2004 bd4 ba4.1k sqft740 S Manhattan Pl, Los Angeles, CA 90005Off Market
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