5302 S Manhattan, Los Angeles, California 90062, Los Angeles, 90062 - 0 bed, 0 bath
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Los Angeles, California 90062
This Value-Add Duplex Investment is listed at $985,000, a price reflecting its Significant Redevelopment Potential rather than its current $762,785 Fair Market Value. Holding a Poor Condition Rating, the 1928 structure requires a comprehensive overhaul of its outdated systems and finishes. The property’s primary value is anchored in its 5,675 sqft lot and a rare four-car garage, offering a versatile canvas for square footage expansion or apartment construction. This asset is an ideal acquisition for Fix-and-Flip Investors or Developers looking to capitalize on high-density zoning opportunities in a central Los Angeles location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5302 S Manhattan Subject | $985,000* List Price | 0 | 0 | 2,612 | $292 | - |
A 1802 W 49th Street Sold | $699,000 | 0 | 0 | 2,484 | $281 | 0.3 mi |
B 1802 W 49th Street Sold | $699,000 | 6 | 3 | 2,484 | $281 | 0.3 mi |
C 1424 W 49th Street Sold | $853,000 | 0 | 0 | 2,682 | $318 | 0.6 mi |
D 1840 W 47th Street Sold | $1,150,000 | 6 | 4 | 3,136 | $367 | 0.5 mi |
E 4284 La Salle Pending | $900,000 List Price | 4 | 2 | 2,119 | $425 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
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 The listing description and property analysis explicitly mention 'outdated systems and finishes' and the need for 'significant investment for modernization, repairs, or compliance with current building codes.'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absence of interior photos, particularly of the kitchen and bathrooms, strongly suggests these areas are in very poor, outdated condition and are not a selling point.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.
The property offers exceptional opportunities to expand existing square footage or explore redevelopment options, including the possibility of building apartments, appealing strongly to investors.
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.
Conveniently located in Los Angeles with easy access to nearby businesses, supermarkets, and other essential amenities, enhancing its desirability and long-term value.
Built in 1928, the property likely features outdated systems and finishes, potentially requiring significant investment for modernization, repairs, or compliance with current building codes.
All development possibilities, including expansion or building apartments, require direct verification with the city by the buyer, introducing uncertainty and necessitating extensive due diligence.
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.
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.
No exterior & parking available.
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 | 2,612 | 2,484 | 55% |
| Lot Size | 5,675 | 5,675.5 | 50% |
| Price | $985.0K | $904.9K | 59% |
| Price per sq ft | $377 | $372 | 50% |
| Built year | 1928 | 1923 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 107 | 225 | 14% |
Jan 5, 2026
$985,000
Initial Listing
Sep 25, 2001
$175,000
Public Record