350 S Manhattan Pl, Los Angeles, CA 90020

The property is a 2-story, 11-unit value-add multi-family investment w/ +/- 50% rental upside. Built in 1957, the building is comprised of 2 singles, 6 (1+1), 1 (2+1) and 2 (2+2) units that avg. approx. 785+ gross sqft. Select units have undergone upgrades over the years, including 2 units that have been more extensively remodeled since 2018. The 8,668 sqft structure sits on an 8,651 sqft, LAR4-1 zoned lot w/ 13 individual parking spaces, a communal patio/courtyard area, and on-site laundry. The building has a brand-new roof, new main water heater, and the required City of LA seismic retrofitting work was recently completed. The building is separately metered for gas & electric. The central Koreatown/Mid-Wilshire adjacent location offers tenants access to the surrounding DTLA, Hollywood, Mid-City, + revitalized West Adams neighborhoods. The property is close to the 10,101, and 110 Freeways, + the Wilshire/Western Metro purple line station is just 2 blocks away.