John E Burge

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139 S ManhattanLos Angeles, CA 90004

Multi-Family · 5,204 Sq. ft. | 0.15 Acres
$1,850,000 Active

139 S Manhattan Overview

Time on Site:
69 days
Visits:
0

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.

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139 S Manhattan Facts & Features

  • Type Multi-Family
  • Sq. ft. 5,204
  • Price/Sq.ft. $355
  • Lot 0.15 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: None

Income/Expenses

  • Gross Scheduled Income: 106704.0
  • Insurance Expense: 1585.0
  • Net Operating Income: 75164.0
  • Operating Expense: 31540.0
  • Trash Expense: 4000.0
  • Water Sewer Expense: 5900.0

Building Information

  • New Construction: No
  • Year Built: 1921

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: C18 - Hancock Park-Wilshire
  • Postal City: LOS ANGELES

Community/Development

  • Community Features: Sidewalks,Urban

Rent/Lease Information

  • Land Lease: No
  • Tenant Pays: Electricity,Gas

General Information

  • Listing Terms: Cash,Conventional,1031 Exchange
  • Parcel Number: 5516025024
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Standard
  • Zoning: LAR3

Interior

Parking Information

  • Garage Spaces: 8.0
  • Garage: Yes

Building Interior

  • Building Area Total: 5204.0
  • Building Area Units: Square Feet

General Information

  • Common Walls: 2+ Common Walls
  • Electric: Standard
  • Entry Level: 1
  • Entry Location: 1
  • Laundry Features: Inside
  • Levels: Two
  • Stories: 2
  • Stories Total: 2

Exterior

Parking Information

  • Parking Total: 8.0

Lot Information

  • Additional Parcels: No
  • Lot Features: Level,Paved,Rectangular Lot
  • Lot Size Acres: 0.1524
  • Lot Size Area: 6637.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6637.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Property Attached: Yes

    General Information

    • Number Of Units Leased: 4
    • Number Of Units Total: 4
    • Pool Features: None
    • Pool Private: No
    • Sewer: Public Sewer
    • Utilities: Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Sewer Available,Sewer Connected,Water Available,Water Connected

    139 S Manhattan Neighborhood

    Community

    90004 (LOS ANGELES) Demographics

    35
    Median Age
    20,047
    Population Density (per sq. mile)
    41%
    College Educated
    $52,775
    Estimated Median Income
    3,781
    Estimated Total Home Owners
    18,747
    Estimated Total Renters
    17% / 83%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    139 S Manhattan Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    139 S Manhattan Market Data

    Based on the last 30 days in this zip code

    $2,458,221
    Average List Price
    $935
    Average Price per Square Foot
    13
    Properties Sold
    96
    Average Days on Market
    270
    Properties for Sale
    Calculations provided by Reliance Network

    139 S Manhattan History

    Date Event Value Agent
    4/22/2026Source: CRMLS Status Change
    Active
    4/21/2026Source: CRMLS Added to Database
    April 21, 2026
    Listing provided courtesy of Premier RealtyAnnie Lee- MLS# DW26085689MLS ProviderContact Information: [email protected] - 714-732-2170
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