15616 S Manhattan Place, Gardena, California 90249, Gardena, 90249 - bed, bath
ACTIVE$1,200,000
15616 S Manhattan Place, Gardena, California 90249
0Bed
0Bath
2,118Sqft
5,029Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Opportunity: Explicitly marketed as a 'Fantastic Investment' and the 'Lowest Priced Triplex' in the neighborhood, indicating a competitive entry point for an income-generating asset.
Top Cons:
Property Age and Potential System Obsolescence: Built in 1956, the property's age suggests that major systems (e.g., plumbing, electrical, HVAC, roof) not explicitly mentioned as upgraded may be original or nearing the end of their useful life, potentially requiring significant future capital expenditures.
Compared to the nearby listings
Price:$1.20M vs avg $965.0K (+$235,000)50%
Size:2,118 sqft vs avg 2,429 sqft50%
Price/sqft:$567 vs avg $41650%
More Insights
Built in 1956 (69 years old).
Condition: Despite being built in 1956, the property has undergone significant recent interior renovations, as evidenced by the new vinyl flooring, fresh paint, and mostly new dual windows mentioned in the description. The images confirm a fully updated kitchen with modern white shaker cabinets, new countertops, and a stainless steel range, as well as a modern bathroom with new vanity, toilet, and contemporary tiling. These key areas are in excellent, move-in ready condition. While the overall age of the building suggests potential for older underlying systems not explicitly updated, the visible and functional living spaces have been extensively renovated within the last 5-15 years, aligning with a 'Good' condition score.
Year Built
1956
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$567
HOA
-
Days on market
-
Sold On
-
MLS number
WS25266058
Home ConditionGood
Features
View-
About this home
What a Fantastic Investment!! Lowest Priced Triplex in a Wonderful 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 3-Car Garages and has a back entrance with a staircase. There is a separate Laundry Room which includes a Coin Gas Washer & Dryer.
Nearby schools
8/10
One Hundred Fifty-Sixth Street Elementary School
Public,•K-6•0.3mi
8/10
Chapman Elementary School
Public,•K-5•0.4mi
4/10
Robert E. Peary Middle School
Public,•6-8•0.8mi
3/10
Gardena Senior High School
Public,•9-12•1.8mi
Price History
Date
Event
Price
07/03/00
Sold
$258,000
04/14/04
Sold
$465,000
Condition Rating
Good
Despite being built in 1956, the property has undergone significant recent interior renovations, as evidenced by the new vinyl flooring, fresh paint, and mostly new dual windows mentioned in the description. The images confirm a fully updated kitchen with modern white shaker cabinets, new countertops, and a stainless steel range, as well as a modern bathroom with new vanity, toilet, and contemporary tiling. These key areas are in excellent, move-in ready condition. While the overall age of the building suggests potential for older underlying systems not explicitly updated, the visible and functional living spaces have been extensively renovated within the last 5-15 years, aligning with a 'Good' condition score.
Pros & Cons
Pros
Strong Investment Opportunity: Explicitly marketed as a 'Fantastic Investment' and the 'Lowest Priced Triplex' in the neighborhood, indicating a competitive entry point for an income-generating asset.
Immediate Income/Occupancy Flexibility: Unit C, a 2-bedroom unit, is vacant, offering the new owner the immediate option to occupy it or lease it out at current market rates, maximizing initial returns.
Recent Interior Upgrades: The property benefits from recent improvements including new vinyl flooring, fresh paint, and mostly new dual windows, reducing immediate renovation costs for a buyer.
Desirable Corner Lot Location: Situated on a corner lot, which often provides enhanced privacy, better natural light, and potentially more curb appeal or parking options.
Central Gardena Location: Located in a 'Wonderful Neighborhood' in Central Gardena, suggesting good accessibility, local amenities, and consistent tenant demand.
Cons
Property Age and Potential System Obsolescence: Built in 1956, the property's age suggests that major systems (e.g., plumbing, electrical, HVAC, roof) not explicitly mentioned as upgraded may be original or nearing the end of their useful life, potentially requiring significant future capital expenditures.
Incomplete Unit Information: The description primarily highlights Unit C, lacking crucial details on the condition, current rental income, and lease terms for the other two units, which are vital for a comprehensive investment assessment.
Partial Window Upgrades: The phrase 'Mostly New Dual Windows' implies that some older windows may still be present, which could lead to inconsistencies in energy efficiency and aesthetic appeal across the property.