2637 South Manhattan Place is a nine-unit apartment building in Los Angeles, California. The property is located in LA’s thriving Jefferson neighborhood, conveniently near the 10 Freeway and Downtown LA.
2637 South Manhattan Place consists of a highly desirable 2007 construction, nine-unit building with a strong mix of seven three-bedroom and two four-bedroom units. As a 2007 construction, this property is not subject to rent control. The building also features in-unit laundry, nine parking spaces, secure access, and balconies. The property is separately metered for all utilities.
The property is currently under a 30-year affordable housing covenant that was initiated in April 2006. This covenant assures a reliable income stream from state-backed section 8 tenants and has created significant financial potential upside for investors.
As a newer construction property with a highly desirable unit mix in a strong rental market, 2637 South Manhattan Place is an excellent investment opportunity.
Please request and review a copy of the Offering Memorandum for this property for a detailed explanation and description of this investment and its underwriting.
BRENT ROBERTS Realtor | CA BRE# 01946139 | 619-762-4883
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