– – – 6,055 1923
Beds Baths Sq Ft Sq Ft Lot Yr Built

Property Details

Neighborhood Map
About this Property

The Montecito presents a rare investment opportunity that marries both a charming Spanish style front duplex with a newly developed and modern rear duplex comprised of two new spacious Townhome ADUs. Priced to sell at an attractive 6.63% cap rate. This investment opportunity presents an ideal income property for a savvy investor looking to acquire a well-positioned asset with a 9.50% rental upside potential with an attractive private financing option. This high-income producing 4-plex is comprised of 2 (3+2) units in a one-story building built in 1923, averaging ±918 sq ft, and 2 (3+2) newly developed townhouse ADU units built in 2024 averaging ±1,200 sq ft each. The combined building structure is ±4,236 square feet. The structures sit on a ±6,055 square foot lot, zoned LAR2. Additionally, 50% of the units are non-rent control. Unit Improvement Summary includes: 3-Bedroom + 2-Bath Units: One of the front units has been highly improved with new countertops, wood like flooring and stainless steel appliances. Both units offer laundry rooms with washer/dryer hookups and individual hot water heaters. In 2016, the roof was replaced, and in 2024, ownership upgraded the electrical panels. 3-Bedroom + 2-Bath Tri-Level Townhome Units: Both newly constructed Townhome AD

MLS Listing Information

MLS #

CRSR25036537

MLS Source

California Regional MLS

Days on Site

38

Interior Features

Appliances

Other

Exterior Features

Pool

None

Parking, School, and Other Information

Garage/Parking

Off-Street Parking, Garage: 0 Car(s)

Unit Information
# Buildings # Leased Units # Total Units
2 – 4

School Ratings

School data provided by GreatSchools.org
Nearby Schools
Schools Type Grades Distance Rating
Western Avenue Technology Magnet public K-8 0.18 mi 3
Barack Obama Global Preparation Academy public 6,7,8,9,10,11 0.63 mi 2
Fifty-Ninth Street Elementary School public K-5 0.68 mi 3
Angeles Mesa Elementary School public K-5 0.71 mi 3
Whitney Young Continuation School public 9-12 0.92 mi 2
Normandie Avenue Elementary School public K-5 0.97 mi 3
Budlong Avenue Elementary School public K-5 1.03 mi 2
John Muir Middle School public 6-8 1.06 mi 1
Horace Mann Ucla Community public 6-12 1.06 mi 3
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet public 9-12 1.10 mi 2
Dr. James Edward Jones Primary Center public KG,1,2 1.21 mi N/A
Forty-Second Street Elementary School public K-5 1.21 mi 2
Fifty-Second Street Elementary School public K-5 1.32 mi 3
Yes Academy public K-5 1.32 mi 2
Augustus F. Hawkins High A Critical Design And Gaming public 9-12 1.34 mi 2
Augustus F. Hawkins High B Community Health Advocates public 9-12 1.34 mi 1
Augustus F. Hawkins High C Responsible Indigenous Social Entrepreneurship public 9-12 1.34 mi 2
Martin Luther King Jr. Elementary School public K-5 1.39 mi 3
Seventy-Fourth Street Elementary School public K-5 1.42 mi 4
Marguerite Poindexter Lamotte Elementary public K-5 1.48 mi 2
Contact Agent

Raymond Rodriguez

Equity Union

License #: 01402283

Phone: (866) 582-7865

Neighborhood: Around This Home

Neighborhood: Local Demographics

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5507 5509 S Manhattan Pl is a Residential Income in Los Angeles, CA 90062. This – square foot property sits on a 6,055 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,750,000 and was built in 1923. This address can also be written as 5507 5509 S Manhattan Pl, Los Angeles, CA 90062.

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This listing information is up-to-date as of March 07, 2025. For the most current information, please contact Raymond Rodriguez, (866) 582-7865