10846 S Manhattan, Los Angeles, California 90047, Los Angeles, 90047 - 0 bed, 0 bath
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Los Angeles, California 90047
This Value-Add Triplex Asset represents a significant development play for Value-Add Developers. Listed at $925,000, the property is priced above its $676,986 Fair Market Value, a premium reflecting the massive upside of the Large 8,846 Sq Ft Lot and included RTI Plans for 3 ADUs. Originally built in 1948 and currently in Value-Add Condition with deferred maintenance, the site offers immediate rental income with a clear path to maximize rental yield. Located minutes from SoFi Stadium, this is a high-upside acquisition for Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10846 S Manhattan Subject | $925,000* List Price | 0 | 0 | 1,770 | $382 | - |
A 2053 W 104th Sold | $905,000 | 0 | 0 | 2,288 | $396 | 0.5 mi |
B 10314 S Wilton Place Sold | $750,000 | 0 | 0 | 1,806 | $415 | 0.5 mi |
C 9506 S Manhattan Place Sold | $700,000 | 0 | 0 | 1,612 | $434 | 0.9 mi |
D 2115 W 102nd Active | $819,000 List Price | 0 | 0 | 1,794 | $457 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Originally built in 1948, this property is explicitly marketed as a 'value-add' investment with 'aging infrastructure' and 'deferred maintenance.' Exterior photos show overgrown landscaping and dated features such as striped metal awnings and window AC units. The absence of interior photos, combined with the listing's focus on development potential and RTI plans for ADUs, suggests that the existing units require substantial rehabilitation and modernization.
The property features a large 8,846 sq ft lot with RTI (Ready to Issue) plans to build up to 3 ADUs, providing a rare opportunity to double the unit count and maximize rental yield.
Situated in a rapidly appreciating pocket near SoFi Stadium, Hollywood Park, and the Intuit Dome, the property benefits from high tenant demand and proximity to major employment hubs.
As an established triplex, the property offers immediate cash flow from three existing units, allowing an investor to offset carrying costs while executing development plans.
The property was recently sold within the past year on 2025-05-09. The sold price is $725,000.00.
Originally built in 1948, the existing structures may require significant capital expenditures for deferred maintenance or system upgrades typical of older multi-family assets.
While the RTI plans add value, the cost to construct three additional units will require substantial liquid capital and construction management expertise beyond the acquisition price.
10846 S Manhattan Pl, Los Angeles, CA 90047 Exceptional investment opportunity in a prime pocket just minutes from Inglewood and the thriving SoFi Stadium district. This well-located triplex sits on a generous 8,846 sq ft lot, offering both immediate rental income and significant future upside. The property features three units with strong income potential, while the expansive lot opens the door for additional development opportunities, including RTI PLANS to build up to 3 ADUs , making this a true value-add asset in a rapidly appreciating area. Situated near major landmarks like Hollywood Park, Kia Forum, and just a short drive to LAX, this location continues to benefit from ongoing growth, infrastructure, and demand. Residents enjoy convenient access to major freeways, local shopping, dining, and employment hubs, making it an attractive option for tenants and investors alike. Highlights: Triplex with solid income potential Large 8,846 sq ft lot ADU development opportunity (up to 3 units – buyer to verify) Minutes to Inglewood entertainment & sports hub Strong rental demand area Whether you’re looking to expand your portfolio, develop, or secure a long-term hold in one of LA’s fastest-growing corridors—this property delivers on location, scale, and upside.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,770 | 1,922 | 35% |
| Lot Size | 8,846 | 6,056 | 94% |
| Price | $925.0K | $905.0K | 59% |
| Price per sq ft | $523 | $413 | 82% |
| Built year | 1948 | 1944 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 236 | 6% |
Apr 13, 2026
$925,000
Initial Listing
May 9, 2025
$725,000
Public Record