139 S Manhattan Pl, Los Angeles, CA, 90004
About This Home
Exceptional 4-unit investment opportunity in one of Los Angeles’ most desirable rental pockets, ideally located just minutes from Hancock Park, Windsor Square, and Larchmont Village. Situated in a highly sought-after neighborhood with strong and consistent tenant demand, this property offers an attractive combination of stable current income and significant upside potential. The property consists of four spacious 3-bedroom units, including one 3-bedroom, 2.5-bath unit and three 3-bedroom, 2-bath units—an excellent unit mix that appeals to families and long-term tenants. Current rents provide immediate cash flow, while below-market leases offer investors the opportunity to increase income over time. Offered at $1,850,000, the property is projected to achieve approximately a 5.5% pro forma cap rate, making it a compelling value-add opportunity in a high-demand Los Angeles location. Conveniently located near Wilshire Country Club, Koreatown, Downtown LA, Hollywood, and major transportation corridors. A rare chance to acquire a well-located multifamily asset with large units, strong rental demand, and meaningful upside in one of Los Angeles’ most established and appreciating neighborhoods.
Getting Around
Walker's Paradise
Excellent Transit
BikeableSchools
Construction
Condition
- Year built: 1921
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex
Interior
Appliances
- Laundry features: Inside
Bedrooms & Bathrooms
- Bedrooms: 12
- Bathrooms: 9
Cooling
- Cooling features: Wall/Window Unit(s)
Features
- Common walls with other units/homes: 2+ Common Walls
Interior Area
- Total structure area: 5,204
- Total interior livable area: 5,204 sqft
Property
Details
- Parcel number: 5516025024
- Attached to another structure: Yes
- Zoning: LAR3
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Has view: Yes
- View description: City Lights
Lot
- Lot size: 6,637 sqft
- Features: Level,Paved,Rectangular Lot
Parking
- Total spaces: 8
- Parking features: Garage
- Has garage: Yes
- Attached garage spaces: 8
- Covered spaces: 8
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $9,354 | $112,248 |
| Home Insurance * | $436 | $5,232 |
| Property Taxes | $1,901 | $22,812 |
| Electricity | $1,115 | $13,391 |
| Total | $12,806 | $153,672 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-22 | Listed for sale | $1,850,000 |
| 2017-12-29 | Sold | $1,425,000 |
| 2016-09-07 | Listing removed | $1,500,000 |
| 2016-05-28 | Listed for sale | $1,500,000 |
| 2002-06-21 | Sold | $385,000 |
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