222 N Manhattan Pl

Highlights:

• # Units: 16
• Price: $7,500,000.00
• Year Built: 2023
• Gross SF Approximate: 14,908
• Total Parking: 12
• Bicycle: 18

Description:

Nestled in the vibrant heart of Koreatown, Los Angeles, this brand new 16-unit apartment building is a testament to modern luxury living. The property boasts a stunning array of high-end materials and finishes, ensuring an atmosphere of opulence and refinement throughout. Each unit features impeccable attention to detail, with top-tier fixtures, designer countertops, and hardwood flooring that exude both comfort and style. Beautiful lobby entrance with an elevator to service every floor, and the mailbox services right near the elevator. Residents will revel in the convenience of underground parking, providing easy access while maintaining the aesthetics of the neighborhood. Inside of the underground parking, there is a large bike room dedicated for bike parking/storage. The building is a beacon of sustainability, featuring energy-efficient appliances and utilities to reduce environmental impact and utility costs.

With a focus on enhancing residents’ well-being, the units are designed to flood with an abundance of natural light, creating a warm and inviting atmosphere. The high ceilings in each unit add to the feeling of spaciousness and airiness, allowing residents to truly make these spaces their own. The unit mix is diverse, offering a variety of choices to suit different needs, compromising of one (1) two-bedroom unit, one (1) studio unit, and fourteen (14) one-bedroom units, catering to individuals and small families alike. This apartment building is the epitome of upscale urban living, blending superior craftsmanship with modern amenities in one of Los Angeles’ most dynamic neighborhoods.

Located west of Downtown L.A. and south of Hollywood, Koreatown is one of the most diverse neighborhoods in Los Angeles. Encompassing roughly 3 square miles, the area was once the epicenter of Golden Age Hollywood, home to the Ambassador Hotel, the Cocoanut Grove and the Brown Derby. Today, Korean and Latino populations contribute to Koreatown’s rich cultural
diversity. K-town is also known for having one of the largest concentration of nightclubs and 24-hour businesses and restaurants in the country.

Despite the name evoking a traditional ethnic enclave, the community is complex and has an impact on areas outside the traditional boundaries. While the neighborhood culture was historically oriented to the Korean immigrant population, Korean business owners are creating stronger ties to the Latino community in Koreatown. The community is highly diverse
ethnically, with half the residents being Latino and a third being Asian. Two thirds of the residents were born outside of the United States, a high figure compared to the rest of the city.

The city of Los Angeles has set the official boundaries for Koreatown as Vermont Avenue on the east, Western Avenue on the west, Third Street on the north, and Olympic Boulevard on the south. A business corridor running about 3/4 of a mile along Western Avenue to Rosewood Avenue is also included as part of Koreatown.

Olympic Boulevard has blocks dominated by Korean-language signs and new blue-tile-roofed shopping centers. This initial Korean business area has spread to an area bounded by Olympic Boulevard, Vermont Avenue, 8th Street and Western Avenue. The Korean business area also sprawls to the north and south along Western and Vermont for three miles, and to the east and west along Olympic for two miles. South Korean investment has been a large contributor to the neighborhood economy since the 1960s. Since the early 2000s, that investment has increased greatly, ballooning to an estimated $1 billion in new construction investment. Jamison Services, Inc is Koreatown’s biggest landlord and most prolific residential builder.

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