3119 Manitou Ave
More Than Just a Property
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Nearby Schools
Educational options and performance ratings in the area.
Gates Street Elementary School
Florence Nightingale Middle School
Abraham Lincoln Senior High School
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
At $399,000 for nearly 3,000 square feet in Los Angeles, this property is priced significantly below the median market value for the Lincoln Heights area, signaling severe distress or structural compromise. While the 6.32% rental yield is mathematically attractive, it is likely based on pro-forma projections that do not account for the substantial capital expenditures required to make the units habitable or compliant with stringent California building codes. A conservative analysis suggests this is likely a 'fixer-upper' or a tear-down opportunity rather than a turnkey cash-flow asset. The risk of hidden liabilities, tenant relocation costs, and high renovation overhead makes this a speculative play for experienced developers rather than a stable investment.
- • Extremely low price per square foot for the Los Angeles market
- • High-demand submarket location with proximity to Downtown LA
- • Strong 4% annual appreciation potential for the area
- • Highly suspicious valuation suggests major structural or environmental issues
- • High probability of significant deferred maintenance and renovation costs
- • Complex Los Angeles rent control ordinances and tenant protections
- • Potential for unpermitted additions or zoning compliance hurdles
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-07-27 | Sold | $615,000 | $208 |
| 2026-05-29 | Pending sale | $399,000 | $135 |
| 2025-12-31 | Listed for sale | $399,000 | $135 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $0 | $139,691 |
| 2025 | $2,072.96 | $136,953 |
| 2024 | $1,965.76 | $134,269 |
| 2023 | $1,933.79 | $131,637 |
| 2022 | $1,854 | $129,057 |
| 2021 | $1,813.71 | $126,527 |
| 2020 | $1,823.28 | $125,231 |
| 2019 | $1,823.28 | $122,777 |
| 2018 | $1,692.68 | $120,370 |
| 2017 | $1,692.68 | $118,011 |
| 2016 | $1,657.51 | $115,698 |
| 2015 | $1,584.21 | $113,961 |
| 2014 | $1,587.75 | $111,729 |
| 2012 | $0 | $109,045 |
| 2011 | $0 | $106,908 |
| 2010 | $0 | $106,110 |
| 2009 | $0 | $106,363 |
| 2008 | $0 | $104,278 |
| 2007 | $0 | $102,235 |
| 2006 | $0 | $100,231 |
| 2005 | $0 | $100,231 |
| 2004 | $0 | $96,340 |
| 2003 | $0 | $94,575 |
| 2002 | $0 | $92,721 |
| 2000 | $0 | $89,123 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $24,106/yr
On $91,770 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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