There are multiple listings for this address:
5507 S Manhattan Place
Los Angeles, CA, 90062
$1,650,000
Beds
0 Baths
SqFt
0.14 Acres
Add
Calling all investors … Don’t miss this rare chance to own a fully upgraded 4-unit income property featuring two duplexes on a 6055 sq foot lot. The unique set up features one newly built in 2024 and one beautifully updated Spanish classic. With a cap rate of 7.33% and a gross rent multiplier (GRM) of 10.7, this asset presents strong current returns and long-term appreciation in a high-demand rental market. This property is one of three 4-unit investment properties available in a portfolio—offering great opportunity for buyers looking to invest in an individual or multiple income-generating assets. The rear duplex offers two units with approx. 1,200 sq ft each, 3 bedrooms and 2 bathrooms. These modern units boast 16-ft ceilings, recessed lighting, wide plank vinyl flooring, dual-pane windows, tankless water heaters, in-unit washer/dryer hookups, fully paid-off solar panels, and fire suppression systems. The front Spanish-style duplex, built in 1923, retains its vintage charm while offering updated comfort. Each unit features 3 bedrooms and 2 bathrooms within approx. 918 sq ft, with new vinyl flooring, upgraded countertops, and in-unit laundry hookups. Additional improvements include a new roof (2016) and electrical panel upgrade (2024). Copper plumbing runs throughout, and each unit has its own electric subpanel and independent electric meter, ensuring complete control over utilities. Centrally located near shopping malls, major freeways, Park Mesa Heights, SOFI Stadium, Downtown LA, USC, Crypto Arena, the upcoming Los Angeles Clippers Stadium, and more. A must-see income property in one of LA’s most dynamic and evolving neighborhoods. Perfect for investors seeking a turn-key, low-maintenance property with 50% of the units non-rent control. This turnkey investment is ideal for stable rental income and long-term growth.

Property Details

Price:
$1,650,000
MLS #:
BB25162817
Status:
Active
Baths:
0
Address:
5507 S Manhattan Place
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
phhtparkhillsheights
City:
Los Angeles
Listed Date:
Jul 16, 2025
State:
CA
ZIP:
90062
Lot Size:
6,055 sqft / 0.14 acres (approx)
Year Built:
2024
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Schools

School District:
Los Angeles Unified

Interior

Accessibility Features
None
Appliances
Gas & Electric Range, Tankless Water Heater
Cooling
Central Air, Ductless
Fireplace Features
None
Flooring
Tile, Vinyl
Heating
Central, Ductless

Exterior

Community Features
Gutters, Sidewalks
Electric
Standard
Exterior Features
Rain Gutters
Fencing
Block
Foundation Details
Slab
Garage Spaces
0.00
Green Energy Generation
Solar
Lot Features
0-1 Unit/ Acre
Parking Spots
4.00
Pool Features
None
Roof
Shingle
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
Electricity, Gas, Parking Fee
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Map

Community

Similar Listings Nearby

5507 S Manhattan Place
Los Angeles, CA
5507 S Manhattan Place
Los Angeles, CA, 90062
$1,650,000
12 Beds
8 Baths
4,236 SqFt
0.14 Acres
Add
Calling all investors … Don’t miss this rare chance to own a fully upgraded 4-unit income property featuring two duplexes on a 6055 sq foot lot. The unique set up features one newly built in 2024 and one beautifully updated Spanish classic. With a cap rate of 7.33% and a gross rent multiplier (GRM) of 10.7, this asset presents strong current returns and long-term appreciation in a high-demand rental market. This property is one of three 4-unit investment properties available in a portfolio—offering great opportunity for buyers looking to invest in an individual or multiple income-generating assets. The rear duplex offers two units with approx. 1,200 sq ft each, 3 bedrooms and 2 bathrooms. These modern units boast 16-ft ceilings, recessed lighting, wide plank vinyl flooring, dual-pane windows, tankless water heaters, in-unit washer/dryer hookups, fully paid-off solar panels, and fire suppression systems. The front Spanish-style duplex, built in 1923, retains its vintage charm while offering updated comfort. Each unit features 3 bedrooms and 2 bathrooms within approx. 918 sq ft, with new vinyl flooring, upgraded countertops, and in-unit laundry hookups. Additional improvements include a new roof (2016) and electrical panel upgrade (2024). Copper plumbing runs throughout, and each unit has its own electric subpanel and independent electric meter, ensuring complete control over utilities. Centrally located near shopping malls, major freeways, Park Mesa Heights, SOFI Stadium, Downtown LA, USC, Crypto Arena, the upcoming Los Angeles Clippers Stadium, and more. A must-see income property in one of LA’s most dynamic and evolving neighborhoods. Perfect for investors seeking a turn-key, low-maintenance property with 50% of the units non-rent control. This turnkey investment is ideal for stable rental income and long-term growth.

Property Details

Price:
$1,650,000
MLS #:
BB25163912
Status:
Active
Beds:
12
Baths:
8
Address:
5507 S Manhattan Place
Type:
Single Family
Subtype:
Quadruplex
Neighborhood:
phhtparkhillsheights
City:
Los Angeles
Listed Date:
Jul 16, 2025
State:
CA
Finished Sq Ft:
4,236
ZIP:
90062
Lot Size:
6,055 sqft / 0.14 acres (approx)
Year Built:
2024
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

School District:
Los Angeles Unified

Interior

Accessibility Features
None
Appliances
Gas & Electric Range, Tankless Water Heater
Cooling
Central Air, Ductless
Fireplace Features
None
Flooring
Tile, Vinyl
Heating
Central, Ductless

Exterior

Community Features
Gutters, Sidewalks
Electric
Standard
Exterior Features
Rain Gutters
Fencing
Block
Foundation Details
Slab
Garage Spaces
0.00
Green Energy Generation
Solar
Lot Features
0-1 Unit/ Acre
Parking Spots
4.00
Pool Features
None
Roof
Shingle
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public

Financial

Association Fee
0.00
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Map

Community

Similar Listings Nearby