1406 Manzanita, Los Angeles, California 90027, Los Angeles, 90027 - 0 bed, 0 bath
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Los Angeles, California 90027
This Versatile Residential Income Triplex is listed at $1,595,000, offering a stable acquisition at its $1,595,000 Fair Market Value. Maintaining a Good Condition Rating, the property includes a renovated 4-bedroom main house and two rear units with separate utility meters. Residents benefit from a private patio with unobstructed Hollywood Sign views and access to the top-tier Ivanhoe Elementary School. This property perfectly balances lifestyle appeal with high rental demand in Los Feliz. It is an ideal match for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1406 Manzanita Subject | $1,595,000* List Price | 0 | 0 | 2,663 | $599 | - |
A 4541 Russell Avenue Active | $1,750,000 List Price | 0 | 0 | 2,592 | $675 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1921, the property has undergone significant renovations. The main house features a modern chef's kitchen with stainless steel appliances, updated wood flooring, and fresh interior/exterior paint. One of the two rear units is completely remodeled. The presence of separate gas/electric meters and the overall move-in ready condition of the interiors align with the 5-15 year renovation criteria for a 'Good' rating.
Elementary School: Ivanhoe Elementary School (9/10).
This triplex configuration features a substantial 4-bedroom main house and two separate rear units, all equipped with individual gas and electric meters, providing exceptional flexibility for rental income or multi-generational living.
Situated in the heart of Los Feliz, the property offers rare, unobstructed views of the Hollywood Sign and Griffith Observatory while maintaining high walkability to the vibrant shops and restaurants of Los Feliz and Franklin Villages.
Originally built in 1921, the property may require significant ongoing maintenance or capital expenditures for aging systems such as plumbing, electrical, and foundation that are typical of vintage Los Angeles residences.
A recent upward adjustment in the listing price from $1.55M to $1.595M may challenge buyer appraisals and impact the overall cap rate, potentially deterring investors looking for immediate cash flow.
First time on the market in 23 years! A rare opportunity to own a triplex / residential income property in the heart of one of Los Angeles’ most vibrant and desirable neighborhoods—Los Feliz. This charming multi-family property features a spacious main house plus two additional rear units, offering excellent flexibility for owner-users, investors, or multi-generational living. EACH UNIT HAS ITS OWN ELECTRIC AND GAS METER.The main house is a one-story residence boasting 4 bedrooms and 3 full bathrooms, including two en-suite bedrooms. The home features wood floors throughout, a separate laundry room, chef’s kitchen with all appliances, and fresh interior and exterior paint. The light-filled, spacious living room opens to breathtaking views, enjoy sunsets overlooking the iconic Hollywood Sign and Griffith Observatory right from your living room. A front patio provides the perfect spot to relax and take in the scenery. Behind the main residence are two rare 1-bedroom, 1-bath units, ideal for rental income or extended family. One of the rear units has been completely remodeled, adding immediate value and appeal. Located within top-rated school districts and just minutes away, to Los Feliz Village and Franklin Village, offering an energetic mix of restaurants, cafés, boutiques, shops, and nightlife. Nearby Griffith Park provides endless outdoor enjoyment with hiking trails, the Observatory, and community events.Walk to famous historic restaurants on Hillhurst and Vermont, two movie theaters, and trendy shops. This is a MUST SEE – home and income in one unique place! This is a true Los Feliz gem, a perfect blend of lifestyle, views, and income potential. Don’t miss this jam, it won’t last long!
No exterior & parking available.
Grades K-2 • 0.6 mi
Grades K-5 • 0.6 mi
Grades K-6 • 0.7 mi
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 | 2,663 | 2,733 | 25% |
| Lot Size | 6,717 | 7,251 | 25% |
| Price | $1.59M | $1.36M | 50% |
| Price per sq ft | $599 | $501 | 50% |
| Built year | 1921 | 1921 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 75 | 109 | 25% |
Apr 24, 2026
$1,595,000
$1,550,000
+3% Price Increase
Initial Listing
Feb 17, 2026
$1,550,000
Initial Listing
Apr 15, 2002
$380,000
Public Record
Feb 10, 2000
$14,000
Public Record