142 148 S Manhattan Place, Los Angeles, California 90004, Los Angeles, 90004 - 0 bed, 0 bath
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Los Angeles, California 90004
This Historic Income-Producing Quadruplex serves as a stabilized Residential Income Asset with a List Price of $1,975,000, aligning closely with its $1,912,240 Fair Market Value. Maintaining a Condition Rating of 3, the property offers a rare blend of 1920s character and modern updates, including one fully remodeled vacant unit ready for market-rate rent. The asset features a superior 2:1 parking ratio and is situated near Top-Rated Schools like Third Street Elementary (Rating 8) and John Burroughs Middle. Located in high-demand Koreatown, this is an exceptional acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 142 148 S Manhattan Place Subject | $1,975,000* List Price | 0 | 0 | 5,136 | $372 | - |
A 109 S Catalina Street Active | $1,600,000 List Price | 0 | 0 | 5,540 | $289 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1922 four-plex is well-maintained and features at least one fully remodeled, move-in ready unit. The interior shows updated wood-look flooring, fresh paint, stone countertops, and newer vinyl windows while preserving historic built-ins. While the building's infrastructure (like wall heaters) reflects its age, the overall condition is clean and functional with no immediate major renovations required for the vacant unit.
This four-plex offers immediate cash flow with three units currently tenant-occupied and one fully remodeled vacant unit ready for market-rate rent or owner-occupancy.
Situated just minutes from the heart of Koreatown, the property benefits from high rental demand and proximity to diverse dining, shopping, and urban amenities in a central Los Angeles hub.
Rare for a 1920s-era building, the property provides two dedicated parking spaces per unit plus additional street parking, significantly increasing its competitive edge in a dense neighborhood.
Built in 1922, the property may require significant ongoing maintenance or capital expenditures to update aging systems such as plumbing and electrical to modern standards.
With three units currently occupied in Los Angeles, the property is likely subject to local rent stabilization ordinances, which can limit immediate rent growth and operational flexibility for investors.
NOW ON THE MARKET -- A Rare Investment OpportunityWelcome to 142-148 South Manhattan Place -- a charming four-plex showcasing timeless architectural character and eye-catching historic design. This is an excellent opportunity for investors seeking immediate cash flow. The property features four units, three of which are currently tenant-occupied, while one fully remodeled unit is vacant and ready for a new tenant or owner-occupant. Each unit offers a spacious living room that flows seamlessly into the kitchen, two comfortable bedrooms, one full bathroom, and a private in-unit laundry room. The property offers two dedicated parking spaces per unit, conveniently situated behind the building, along with additional street parking available directly in front for guests and residents. Situated just minutes from the heart of Koreatown, this is more than a fourplex--it's a refined investment opportunity offering elegance, stability, and exceptional income potential.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-5 • 1.0 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 | 5,136 | 3,464 | 67% |
| Lot Size | 7,176 | 7,505 | 33% |
| Price | $1.98M | $1.10M | 67% |
| Price per sq ft | $385 | $318 | 67% |
| Built year | 1922 | 1922 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 33 | 67% |
Apr 8, 2026
$1,975,000
$2,262,889
-13% Price Drop
Initial Listing
Mar 20, 2026
$2,262,889
Initial Listing
Apr 10, 2007
$1,075,000
Public Record