$6,250,000
-$250,000222 N Manhattan Place, Los Angeles CA 90004
Multi-Family (16 Units)
Property type
299 days
On market
$419
Price per sqft
9 cars
Garage
2023
Year built
6,895 sqft
Lot size
Home highlights
Open Houses
Overview
Nestled in the vibrant heart of Koreatown, Los Angeles, this brand-new 16-unit apartment building embodies modern luxury living at its finest. Designed with exceptional craftsmanship and premium finishes, the property offers an atmosphere of sophistication and comfort throughout. Each residence showcases meticulous attention to detail, featuring designer countertops, top-tier...
Listing provided by: Gal Moshe DRE #01999632, Equity Union, David Abas DRE #01422571 818-657-6500, Equity Union
Listing updated: May 26, 2026 at 06:29pm.
Last checked: Jun 13, 2026 at 03:00pm
Source: CRMLS #SR25188533
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 0 | 1 | — | $2,145 | $2,145 | $2,200 | Unfurnished |
| 6 | 1 | 1 | — | $2,495 | $14,970 | $2,595 | Unfurnished |
| 3 | 1 | 1 | — | $2,295 | $6,885 | $2,400 | Unfurnished |
| 1 | 2 | 1 | — | $3,142 | $3,142 | $3,142 | Unfurnished |
| 1 | 1 | 1 | — | $3,040 | $3,040 | $3,150 | Unfurnished |
| 1 | 1 | 1 | — | $2,445 | $2,445 | $2,550 | Unfurnished |
| 1 | 1 | 1 | — | $2,452 | $2,452 | $2,452 | Unfurnished |
| 1 | 1 | 1 | — | $2,795 | $2,795 | $2,795 | Unfurnished |
| 1 | 1 | 1 | — | $0 | $0 | $2,595 | Unfurnished |
# of Buildings: 1
# of Units Total: 16
Separate Electric Meters: 16
Separate Gas Meters: 16
Separate Water Meters: 16
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
12.9x
List Price / Annual Gross Rent
Cap Rate
5.6%
NOI / List Price
Gross Scheduled Income: $483,888
Operating Expense: $133,897
Net Operating Income: $349,991
Annual Operating Expenses
Gardener: $1,440
Insurance: $10,000
Maintenance: $4,000
New Taxes: $74,500
Pest Control: $840
Professional Management: $7,500
Trash: $2,000
Water / Sewer: $4,200
Interior
Cooling: Central Air
Heating: Central
Laundry: Inside
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 4
Levels: Three Or More
Common Walls: Two Common Walls Or More
Lot Features: Sixteen To Twenty Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 9
Parking Total: 9
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5517004014
Additional Parcels: No
Tax Lot: 15
Zoning: LAR3
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Sidewalks