5162 S Manhattan Place, Los Angeles, California 90062, Los Angeles, 90062 - 3 bed, 2 bath

5162 S Manhattan Place, Los Angeles, California 90062 home-pic-0
ACTIVE$799,000
5162 S Manhattan Place, Los Angeles, California 90062
3Beds
2Baths
1,193Sqft
5,678Lot
Year Built
1923
Close
-
List price
$799K
Original List price
$850K
Price/Sqft
$670
HOA
-
Days on market
-
Sold On
-
MLS number
SB25140967
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 8% below the list price. We found 3 Cons,5 Pros. Rank: price - $799.0K(51th), sqft - 1193(41th), beds - 3(50th), baths - 2(50th).

Welcome home to this beautifully maintained Craftsman Bungalow in the heart of Chesterfield Square. This turnkey single-family home blends timeless charm with modern updates - perfect for growing families looking for space, style and convenience. Ideally located just minutes from Downtown LA, USC, Leimert Park and the exciting SoFi Stadium & Entertainment District, this home offers easy access to the 10, 110 and 105 freeways as well as nearby Metro bus stops, making commuting a breeze. Step inside and you'll be greeted by an open and inviting layout filled with natural light and classic Craftsman details, including built-in cabinetry and custom shelving throughout. The home features double pane windows, and pocket doors to conserve space. There are (3) spacious bedrooms and (1) full bathroom and (1) 3/4 bathroom, there's room for the whole family. The sunroom is a cozy bonus which is ideal for a home office, playroom or peaceful meditation space. The updated kitchen will delight any home chef, featuring granite countertops, custom cabinetry, and stainless-steel appliances including a refrigerator, stove, microwave, and dishwasher. The dedicated laundry room is conveniently located off the second bathroom adding ease and accessibility. With a mix of laminate, hardwood and title flooring the home provides durability and style. Comfort is key with central air and heating, custom window coverings, upgraded electrical, and copper plumbing already in place. Outside, enjoy beautifully landscaped front and backyards with a drought-conscious drip irrigation system, flowering plants, and a fruit-bearing dwarf orange tree- perfect for weekend BBQs or a family picnic at home. A fully permitted recreation room with its own mini-split HVAC system is attached to the one-car garage, an ideal space for a guest suite, gym or private office. There's even additional lot space behind the garage for future expansion which was previously used as a vegetable garden. Seller's also have approved-expired plans for ADU conversion, which offers untapped potential for an additional living space. The property is fully fenced with a sliding gate for secure parking. Also, LADWP rents roof space for their solar panels. This is truly a special opportunity to own a lovingly cared for home with flexible living space and exciting possibilities. Come see this family-friendly Los Angeles gem for yourself. You'll fall in love with its character, comfort and potential

Price History

Date
Event
Price
07/09/13
Sold
$295,000
01/25/08
Sold
$440,000
Condition Rating
Fair

The property was built in 1923 but has had some updates. The kitchen has granite countertops and stainless steel appliances, but the cabinets and layout appear dated. The bathrooms are functional but not recently renovated. The house has updated electrical and copper plumbing, but the overall condition suggests it's aged and maintained with occasional updates rather than a full renovation. The mix of flooring types (laminate, hardwood, and tile) also indicates updates over time.
Pros & Cons

Pros

Prime Location: Located minutes from Downtown LA, USC, Leimert Park, and SoFi Stadium, offering convenient access to major attractions and amenities.
Updated Kitchen: The kitchen features granite countertops, custom cabinetry, and stainless-steel appliances, appealing to modern tastes.
Permitted Recreation Room: A fully permitted recreation room attached to the garage provides flexible space for a guest suite, gym, or private office.
ADU Potential: Approved-expired plans for ADU conversion offer the potential for additional living space and increased property value.
Craftsman Charm with Modern Updates: The property blends classic Craftsman details with modern updates like double pane windows, central air and heating, upgraded electrical, and copper plumbing.

Cons

Solar Panel Lease: LADWP rents roof space for solar panels, which may impact roof maintenance and future solar options for the homeowner.
One-Car Garage: The property only has a one-car garage, which may be insufficient for households with multiple vehicles.
Original List Price Reduction: The property has undergone a price reduction, which may indicate challenges in attracting buyers at the original price point.

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