5302 S Manhattan, Los Angeles, California 90062, Los Angeles, 90062 - bed, bath
ACTIVE$985,000$2,612/sqft
5302 S Manhattan, Los Angeles, California 90062
0Bed
0Bath
2,612Sqft
5,675Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Redevelopment Potential: The property offers exceptional opportunities to expand existing square footage or explore redevelopment options, including the possibility of building apartments, appealing strongly to investors.
Top Cons:
Age of Construction: Built in 1928, the property likely features outdated systems and finishes, potentially requiring significant investment for modernization, repairs, or compliance with current building codes.
Compared to the nearby listings
Price:$985.0K vs avg $960.0K (+$25,000)53%
Size:2,612 sqft vs avg 2,448 sqft59%
Price/sqft:$377 vs avg $39141%
More Insights
Built in 1928 (98 years old).
Condition: Built in 1928, this property is very old with no indication of recent renovations. The listing description and property analysis explicitly mention 'outdated systems and finishes' and the need for 'significant investment for modernization, repairs, or compliance with current building codes.' The complete absence of interior photos, particularly of the kitchen and bathrooms, strongly suggests these areas are in very poor, outdated condition and are not a selling point. The emphasis on 'redevelopment options' and 'expand the existing square footage' further indicates that the current structure requires substantial repairs and rehabilitation, making it uncomfortable or potentially unsafe to live in its current state.
Year Built
1928
Close
-
List price
$985K
Original List price
$985K
Price/Sqft
$377
HOA
-
Days on market
-
Sold On
-
MLS number
CV26002027
Home ConditionPoor
Features
View-
About this home
Attention first-time buyers and investors: this property offers exceptional potential, with opportunities to expand the existing square footage or explore redevelopment options, including the possibility of building apartments. Buyers are encouraged to verify all development possibilities directly with the city. The front residence features three bedrooms and two bathrooms, while the rear unit offers one bedroom, one bathroom, and a four-car garage. The property is conveniently located with easy access to nearby businesses, supermarkets, and other essential amenities. Please feel free to reach out with any questions or to request additional information.
A
Arturo Aleman
Listing Agent
Price History
Date
Event
Price
09/25/01
Sold
$175,000
Condition Rating
Poor
Built in 1928, this property is very old with no indication of recent renovations. The listing description and property analysis explicitly mention 'outdated systems and finishes' and the need for 'significant investment for modernization, repairs, or compliance with current building codes.' The complete absence of interior photos, particularly of the kitchen and bathrooms, strongly suggests these areas are in very poor, outdated condition and are not a selling point. The emphasis on 'redevelopment options' and 'expand the existing square footage' further indicates that the current structure requires substantial repairs and rehabilitation, making it uncomfortable or potentially unsafe to live in its current state.
Pros & Cons
Pros
Significant Redevelopment Potential: The property offers exceptional opportunities to expand existing square footage or explore redevelopment options, including the possibility of building apartments, appealing strongly to investors.
Income-Generating Duplex: Configured as a duplex with a 3-bedroom/2-bathroom front unit and a 1-bedroom/1-bathroom rear unit, providing immediate rental income or flexible multi-generational living arrangements.
Prime Los Angeles Location: Conveniently located in Los Angeles with easy access to nearby businesses, supermarkets, and other essential amenities, enhancing its desirability and long-term value.
Valuable Four-Car Garage: The rear unit includes a four-car garage, a significant asset in an urban area, offering ample parking, storage, or potential for future conversion (subject to city approval).
Broad Buyer Appeal: Explicitly marketed to both first-time buyers (due to income potential) and investors (due to redevelopment opportunities), widening the potential buyer pool.
Cons
Age of Construction: Built in 1928, the property likely features outdated systems and finishes, potentially requiring significant investment for modernization, repairs, or compliance with current building codes.
Development Verification Required: All development possibilities, including expansion or building apartments, require direct verification with the city by the buyer, introducing uncertainty and necessitating extensive due diligence.
Unspecified Current Condition: The description focuses on future potential rather than current features or recent upgrades, suggesting the property may not be in move-in ready condition and could require substantial renovation.