1810 S Manhattan Pl Los Angeles, CA 90019

This exceptional five-unit apartment building, situated in the vibrant Koreatown neighborhood of Los Angeles (90019), presents a compelling investment opportunity. Built in 1923, the property boasts a total of 4,700 square feet and features a unique unit mix: four two-bedroom units and one one-bedroom unit. Each unit benefits from separate gas and electric meters. The property also includes five convenient parking spaces. Currently operating at 100% occupancy, this building offers significant potential for increased rental income, with an estimated upside of over 25%. An attractive assumable loan is available through Chase Bank, with an approximate loan amount of $570,000 and a fixed interest rate of 3.49% until May 2026. Further enhancing its long-term income potential, the seller has initiated the permitting process for a three-bedroom accessory dwelling unit (ADU) in the rear of the building. This ADU, designed as a co-living unit with separate entrances to each bedroom, promises substantial additional revenue streams. The property sits on a 0.15-acre lot. This is a rare chance to acquire a well-located, income-producing asset with significant upside potential and an attractive financing option.