15616 S Manhattan Place, Gardena, California 90249, Gardena, 90249 - bed, bath
15616 S Manhattan Place
Gardena, California 90249
Property Price
SUMMARY
Analysis of 15616 S Manhattan Place, Gardena, California 90249 is currently available with a list price of $1,050,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Gardena Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is a well-maintained 1956 triplex that has undergone recent cosmetic renovations, including new vinyl plank flooring, fresh interior paint, and updated dual-pane windows. The kitchens and bathrooms are functional and move-in ready with updated stone countertops and vanities, though some appliances and fixtures remain basic. It meets the 'good' criteria as a move-in ready investment with minimal immediate maintenance required and recent capital improvements.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Income Potential
The vacant 2-bedroom unit (Unit C) provides a rare opportunity for an owner-user to move in or for an investor to immediately secure market-rate rent without relocation costs.
- Recent Capital Improvements
Significant upgrades including new vinyl flooring, fresh paint, and mostly new dual-pane windows enhance the property's aesthetic appeal and energy efficiency while reducing immediate maintenance needs.
- Ample Tenant Parking
The inclusion of a 4-car garage is a major asset in Gardena, offering secure parking or additional storage options that significantly increase rental desirability.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Originally built in 1956, the property may have underlying plumbing or electrical systems that require modernization despite the recent cosmetic and window upgrades.
- Low High School Rating
While the elementary schools are highly rated, the local high school has a low rating of 3, which may limit the long-term appeal for families with older children.
About 15616 S Manhattan Place
Ready to Sell! Large Price Adjustment! Clean Triplex in a Wonderful Gardena Neighborhood. Upgraded Triplex with New Vinyl Flooring, Fresh Paint and Mostly New Dual Windows located on a Corner lot in Central Gardena. The Upstair 2 Bedroom in Unit C is Vacant for the New Owners to Occupy or Lease out to Market Rent. Unit C is over the 4-Car Garages and has a back entrance with a staircase. There is a separate Laundry Room which includes a Coin Gas Washer & Dryer.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1956
- Lot Size
- 5,029 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Gardena Unified Schools
One Hundred Fifty-Sixth Street Elementary School
Grades K-6 • 0.3 mi
Chapman Elementary School
Grades K-5 • 0.4 mi
Robert E. Peary Middle School
Grades 6-8 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,118 | 2,118 | 50% |
| Lot Size | 5,029 | 5,029 | 50% |
| Price | $1.05M | $849.0K | 67% |
| Price per sq ft | $496 | $485 | 67% |
| Built year | 1956 | 1952 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 98 | 98 | 67% |
Pricing History
Listed for Sale
Feb 16, 2026
$1,050,000
$1,150,000
-9% Price Drop
Initial Listing
Price Change
Jan 6, 2026
$1,150,000
$1,200,000
-4% Price Drop
Initial Listing
Price Change
Nov 28, 2025
$1,200,000
Initial Listing
Sold
Apr 14, 2004
$465,000
Public Record
Sold
Jul 3, 2000
$258,000
Public Record