1240 S MANHATTAN PL.
Los Angeles, CA 90019 · APN 5080-005-006
UNITS
1
BUILDING SF
2,975
SF / UNIT
2,975
YEAR BUILT
1915
BEDROOMS
4
BATHROOMS
4
USE · CODE 0200
DUPLEX
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PROP 13 ASSESSED VALUES, USUALLY WELL BELOW MARKET ON LONG-HELD BUILDINGS.
No market sale detected on this parcel since 2021. The last recorded transfer may have been a refinance, trust move, or family transfer that didn't reset the Prop 13 base.
OUTSIDE LA RSO (FEWER THAN TWO UNITS)
The roll records 1 unit here. The Rent Stabilization Ordinance reaches buildings of two or more units, so it does not apply. Whether the statewide cap applies to a single-family home turns on who owns it and whether the required notice was given.
Estimated sales nearby.
SALE DATES ARE RECORDED TRANSFERS; THE NEWEST HERE IS DEC 30, 2024.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
ON S MANHATTAN PL · ZIP 90019
SIMILAR SIZE AND ERA IN 90019
This building sits in Mid-City.
ESTIMATED SALES, MEDIAN $/UNIT AND $/SF, RENT-CONTROL COVERAGE →
The short answers.
Is 1240 S Manhattan Pl rent controlled?
The roll records 1 unit here. The Rent Stabilization Ordinance reaches buildings of two or more units, so it does not apply. Whether the statewide cap applies to a single-family home turns on who owns it and whether the required notice was given. This is an inference from public assessor records, not a determination. Confirm the certificate of occupancy date with the LA Housing Department or ZIMAS before you rely on it for pricing or notices.
How many units does 1240 S Manhattan Pl have?
County records list 1 unit at 1240 S Manhattan Pl, classified as duplex across 2,975 square feet of building area, averaging about 2,975 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 1240 S Manhattan Pl built?
The assessor roll gives a build year of 1915, which puts it in the stock old enough for the LA Rent Stabilization Ordinance to reach it, where the building sits inside City of Los Angeles limits. Age drives more than character here. It sets rent-cap exposure, seismic retrofit obligations, and what a lender will underwrite.
When did 1240 S Manhattan Pl last change hands?
The most recent transfer on the roll was recorded March 2018. Not every recorded transfer is a market sale: refinances, trust transfers, and family conveyances all appear in the same field, and those do not reset the assessed value.
What is 1240 S Manhattan Pl assessed at, and is that what it is worth?
The current assessed value is $1,245,917 ($910,261 land, $335,656 improvements). Assessed value is not market value. Under Proposition 13 it resets only on a change of ownership and then climbs about 2% a year, so a long-held building is often assessed far below what it would trade for.
What is the Mid-City apartment market doing?
1240 S Manhattan Pl sits in Mid-City, in Los Angeles. Sale counts, median price per unit and median price per square foot for the submarket are estimated from county assessor reassessments at sale, not verified closing prices, and are published with the share of rent-control-era stock on the Mid-City market page. See that page for the figures rather than a number quoted here.
How do I find out what 1240 S Manhattan Pl would sell for today?
Public records give you the frame, units, size, age, assessed value, and when it last traded, but pricing needs in-place rents, expenses, and the condition of the units, none of which appear in county data. A broker valuation puts closed comps and a rent survey against the actual rent roll. Shaya Lowenstein does that free for LA multifamily owners, typically within 48 hours, with no obligation to list.
Leave an email and I'll come back with what it is worth and whether the owner is likely to trade. It does not have to be for sale, and it does not have to be my listing.
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