S Manhattan Place

Los Angeles | California

Where Views

Never End

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Marcus & Millichap – Encino

Presented At

$2,750,000

Bedrooms

Living

9,840

SQFT

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2651

S Manhattan Place

Los Angeles | California

2651 S Manhattan Place, Los Angeles, California, United States. , Los Angeles , California

Residential Income in Los Angeles

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, making it a highly attractive offering in a rapidly growing submarket. With a strong 6.29% cap rate, over 30% rental upside, and a central West Adams location near major corridors, this property offers an exceptional investment opportunity in one of Los Angeles' most dynamic submarkets.

Property

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Property Location

2651 S Manhattan Place, Los Angeles, California, United States., Los Angeles California

Local Weather & Climate

Los Angeles, California

Current Conditions Updated recently

62 °F

Clear sky

Feels Like 61°F

Humidity 66%

Wind 5 mph

Visibility 6.2 mi

Sunrise 2:05 PM

Sunset 1:59 AM

5-Day Forecast

Sat 14 Mar

Clouds

High 74°

Low 62°

Sun 15 Mar

Clouds

High 80°

Low 64°

Mon 16 Mar

Clouds

High 82°

Low 68°

Tue 17 Mar

Clouds

High 84°

Low 69°

Wed 18 Mar

Clouds

High 87°

Low 71°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Los Angeles?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

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Home Price

Down Payment

$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (United States)

$0 Est. First Year Interest Deduction

$0 Est. Annual Tax Savings

*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Tax Information Disclaimer

The tax benefit information displayed on this page is provided for general informational and educational purposes only. This information:

Does not constitute tax advice and should not be relied upon as such. Tax laws are complex and vary by jurisdiction, individual circumstances, and are subject to change without notice.
May not be current or accurate for your specific situation. Tax rules are updated frequently by governments, and the information shown may not reflect the most recent changes.
Uses simplified assumptions that may not apply to your circumstances, including filing status, total income, other deductions, alternative minimum tax considerations, and local tax variations.
Should not be used as the basis for any tax planning decisions or financial strategies without consulting a qualified tax professional licensed in your jurisdiction.

Before making any decisions based on potential tax benefits, you should consult with a qualified tax advisor, certified public accountant (CPA), or licensed tax professional who can evaluate your specific circumstances and provide advice tailored to your situation.

Limitation of Liability: By using this calculator, you acknowledge that all results are approximations and should not be relied upon for financial, legal, or tax decisions. openluxe, its affiliates, officers, directors, employees, and agents expressly disclaim all liability for any damages, losses, or consequences arising from the use of or reliance on this calculator or the information provided herein. openluxe is not a lender, financial advisor, or tax professional and does not provide mortgage loans, financial advice, or tax advice. Use of this calculator does not create any professional relationship.

Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does 2651 S Manhattan Place, Los Angeles, California, United States have?

This other at 2651 S Manhattan Place, Los Angeles, California, United States features 5 bedrooms with 9,840 square feet of living space.

What is the size of 2651 S Manhattan Place, Los Angeles, California, United States?

This property offers 9,840 square feet of living space.

What is the listing price for 2651 S Manhattan Place, Los Angeles, California, United States?

This property is listed at $275,000,000, which equals $27947 per square foot.

What type of property is 2651 S Manhattan Place, Los Angeles, California, United States?

This is a other located in Los Angeles, California. The property is situated in an established neighborhood with convenient access to local amenities and services.