139 S Manhattan, Los Angeles, California 90004, Los Angeles, 90004 - 0 bed, 0 bath
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139 S Manhattan
Los Angeles, California 90004
ACTIVE
CONDITION: FAIR
0Beds
0Baths
5,204Sq Ft
6,637Lot Size
Property Price
LIST PRICE$1,750,000
EST. MARKET VALUE
$1,750,000
SUMMARY
This Quadruplex Residential Income property is a Strong Value Opportunity, listed at $1,750,000, which aligns with its $1,750,000 Fair Market Value. Featuring a versatile unit mix of four 3-bedroom units, the property offers a rare Owner-User Opportunity with a vacant unit ready for immediate occupancy. While the structure maintains a Condition Rating of 4, its vintage 1921 character and proximity to top-rated schools like Third Street Elementary provide long-term stability. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income in a prime Los Angeles location.
Estimated Market Value
$1,750,000
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 139 S Manhattan Subject | $1,750,000* List Price | 0 | 0 | 5,204 | $336 | - |
A 142 148 S Manhattan Place Active | $1,975,000 List Price | 0 | 0 | 5,136 | $385 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1921, this property is well-maintained but dated. The kitchen and bathrooms feature older cabinetry, basic fixtures, and tiling likely exceeding 20 years in age. While functional and move-in ready, the interior finishes, louvered windows, and cracked exterior concrete indicate a need for modernization and minor repairs to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Unit Mix
The property features four spacious 3-bedroom units, a rare configuration for a fourplex that appeals to families and maximizes rental income potential compared to standard smaller units.
- Owner-User Opportunity
With a vacant 3-bedroom, 2.5-bath unit ready for immediate occupancy, this property is ideal for an owner-occupant looking to leverage residential financing while offsetting costs with rental income.
- Prime Central Location
Situated near Hancock Park and Larchmont Village, the property benefits from high tenant demand and excellent proximity to major employment hubs like Downtown LA and Koreatown.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1921, the century-old structure may require significant ongoing maintenance or capital expenditures to modernize aging systems and ensure long-term efficiency.
- Extended Market Time
With over 100 days on the market and a recent $100,000 price reduction, the property may face perceived value challenges or require aggressive negotiation to close.
About 139 S Manhattan
Exceptional owner-user or investment opportunity in the highly desirable Hancock Park area. This well-maintained fourplex features four spacious 3-bedroom units, including a vacant 3-bedroom, 2.5-bath owner's unit ready for immediate occupancy. Ideal for an owner-user looking to live in one unit while generating rental income from the other three units. The vacant unit also offers excellent lease-up potential, providing flexibility for future rental income. With over 5,200 square feet of living space and an attractive unit mix, this property appeals to both families and long-term tenants alike. Located just minutes from Hancock Park, Windsor Square, Larchmont Village, Koreatown, Downtown Los Angeles, and major transportation corridors. Offered at $1,750,000, this is a rare opportunity to acquire a large multifamily property with strong rental demand, long-term upside potential, and owner-user flexibility in one of Los Angeles' most established neighborhoods.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1921
- Lot Size
- 6,637 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Charles H. Kim Elementary School
Grades K-5 • 0.2 mi
6/10
Van Ness Avenue Elementary School
Grades K-5 • 0.7 mi
6/10
Wilshire Park Elementary School
Grades K-5 • 0.8 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 5,204 | 2,187.451 |
| Lot Size | 6,637 | 5,841.385 |
| Price | $1.75M | $841.5K |
| Price per sq ft | $336 | $385 |
| Built year | 1921 | 1928 |
| HOA | $0 | $0 |
| Days on market | 140 | 85 |
Pricing History
Listed for Sale
Aug 8, 2026
$1,750,000
$1,850,000
-5% Price Drop
Initial Listing
Price Change
Apr 22, 2026
$1,850,000
Initial Listing
Sold
Dec 29, 2017
$1,425,000
Public Record
Sold
Jun 21, 2002
$385,000
Public Record