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1143 S Manhattan Place, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath

1143 S Manhattan Place, Los Angeles, California 90019 home-pic-0
ACTIVE$1,285,000
1143 S Manhattan Place, Los Angeles, California 90019
0Bed
0Bath
2,143Sqft
5,990Lot
Year Built
1919
Close
-
List price
$1.28M
Original List price
$1.4M
Price/Sqft
$600
HOA
-
Days on market
-
Sold On
-
MLS number
SB25018858
Home ConditionFair
Features
Patio
ViewCourtyard

About this home

We found 3 Cons,5 Pros. Rank: price - $1.28M(50th), sqft - 2143(31th), beds - undefined(50th), baths - undefined(50th).

Nestled between Koreatown and Larchmont Village, this Spanish-style duplex offers 2100SQ/FT of prime Los Angeles real estate.The duplex includes a side-by-side two bedroom, two bathroom and a one bedroom, one bathroom unit that offer comfortable living space for tenants; the property is also equipped with dedicated front yard, two-car driveway, and detached garage. Bright and airy kitchen with a dramatic skylight that opens to a outdoor enclosed sunny garden patio. Located on a corner lot in the Country Club neighborhood, and conveniently near all the popular Los Angeles areas: Hancock Park, Wilshire/Koreatown, and a short drive to West LA, famous shopping centers, restaurants, entertainment, the major freeways, universities, and the list goes on. With vibrant bars, trendy eats, and plenty of activities lining Western Ave. and Pico Blvd. only a 3 minute walk away, prospective owners can expect to have a high potential investment property added to their portfolio

Price History

Date
Event
Price
06/28/21
Sold
$1,085,000
Condition Rating
Fair
Built in 1919, this property shows signs of regular upkeep and some cosmetic updates, such as newer laminate/vinyl plank flooring and fresh paint. However, the kitchens feature older cabinets, dated appliances, and unique stainless steel countertops in one unit, while the bathrooms are clearly outdated with older tile, basic vanities, and fixtures. The presence of wall heaters and window AC units indicates a lack of central HVAC, which is a significant functional drawback. While livable, the property requires substantial updates to kitchens, bathrooms, and major systems to meet modern standards, aligning with the 'Fair' condition criteria of being aged but maintained with outdated major components.
Pros & Cons

Pros

Exceptional Location: Strategically positioned between the highly sought-after Koreatown and Larchmont Village, offering unparalleled access to major Los Angeles attractions, entertainment, dining, universities, and excellent walkability to vibrant commercial areas.
Income-Generating Duplex: A residential income property featuring two distinct units (a 2-bedroom/2-bathroom and a 1-bedroom/1-bathroom), providing immediate rental income potential and flexibility for owner-occupancy with supplemental income.
Desirable Outdoor & Parking Amenities: Includes a dedicated front yard, a two-car driveway, a detached garage, and an enclosed sunny garden patio, significantly enhancing tenant appeal and functionality in a dense urban environment.
Charming Architectural Style: The Spanish-style architecture offers significant curb appeal and character, contributing to the property's unique identity and desirability in the Los Angeles market.
Bright & Functional Interiors: Features a bright and airy kitchen with a dramatic skylight that opens to an outdoor patio, suggesting well-designed and comfortable living spaces that appeal to tenants.

Cons

Property Age & Potential System Updates: Built in 1919, the property's age suggests that major systems (plumbing, electrical, HVAC) may be original or require significant updates, potentially leading to higher maintenance costs and capital expenditures for a new owner.
Significant Price Reduction: The current list price of $1,285,000 is a notable reduction from the original list price of $1,395,000, which could indicate an initial overvaluation or challenges in attracting buyers, potentially signaling a longer time on market.
Limited Interior Condition Details: While the kitchen is highlighted, the description lacks specific details regarding the condition or recent renovations of other key interior spaces, such as bathrooms or flooring, which could imply additional investment needed for modernization or tenant appeal.

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