2651 S Manhattan Place, Los Angeles, CA 90018

• 9,840 sqft

Property Description

We are pleased to present a seventeen (17) unit apartment building located at 2651 Manhattan Place in Los Angeles, California. The subject property is located in a solid West Adams location, south of W Adams Boulevard and west of Western Avenue. This well-located multifamily property in the heart of West Adams presents a strong investment opportunity with a desirable unit mix of twelve (12) spacious studios and five (5) large one-bedroom units, including one (1) unit delivered vacant. Offering a solid initial cap rate of 6.29% and significant rental upside potential of over 30%, the property is primed for value-add investors. Recent electrical upgrades with new panels and separately metered gas and electricity help reduce operational costs, while low maintenance landscaping and ample street parking add to overall convenience. There is also an unfinished non-conforming studio unit in the basement, which can quickly be converted into a market rate rental unit as an ADU. Tenants benefit from immediate access to key commercial corridors Western Ave, Normandie Ave, W Adams Blvd, and Jefferson Blvd as well as the 10, 110, and 101 Freeways. The property is also steps from the Loren Miller Recreation Center and a wide array of dining options including Starbucks and Bird's Nest Cafe, maki

Listing Status:

Active

Date Added:

July 24, 2025 at 05:00AM

Listing Office:

Marcus & Millichap : 818-212-2700

Listing Agent:

Jason Tuvia : 818-212-2735

MLS ID:

CL25569621

Exterior

• Parking: None

Location

• County: Los Angeles

Lot

• Zoning: LAR45052032006

This listing courtesy of Jason Tuvia, Marcus & Millichap