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Hancock Terraces earns a strong overall impression with an 8.9 rating, driven by excellent scores for price, amenities, location, and quality, along with solid trustworthiness. It features on-site management, air conditioning, controlled access, laundry facilities, an elevator, and ceiling fans, and is noted for nearby transit, walkability, parks, and a lively mix of dining options.
Things you’ll love
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Eco living
Social life| 1BR/1.0BA | 1 bed | 1 bath | 600+ sqft | $1,950 /mo | 3 units available | About Hancock Terrace Apartments: This community is located in the Koreatown district, known for having flourishing hubs of entertainment, fine dining, and shopping. Hancock Terrace Apartments is an apartment community located in Los Angeles County and the 90020 ZIP Code. This area is served by the Los Angeles Unified attendance zone. Beautiful 1 bedroom, 1 bathroom apartment in heart of Koreatown District. Community Amenities -Laundry Facilities -Elevator -Controlled Access -Maintenance on site -Property Manager on Site -Trash Pickup - Curbside -Elevator -Disposal Chutes -Gated -Fenced Lot -Courtyard -Amazon Box Highlights -Air Conditioning -Heating -Ceiling Fans -Smoke Free -Cable Ready -Security -Tub/Shower Kitchen Appliances -Disposal -Granite Countertops -Pantry -Eat-in Kitchen -Kitchen -Microwave -Oven -Range -Refrigerator -Freezer Application Requirement: - 650 credit score or higher - Monthly Gross Income 2.5x rent amount -Employer information and employment history for the past year If self-employed, four months of bank statements and 2 years of tax returns -Copies of Photo ID, Social, most recent 3 pay stubs -Good landlord reference -Cosigner OK with a higher deposit Call Regina Lee (Onsite Manager) at (213) 703-1673 to schedule a viewing. As a company, we conduct our business in compliance with the Federal Fair Housing Law and embrace individuals of any Race, Color, Religion, Sex, Handicap, Familial Status, or National Origin. |
Let's explore this property.
Apartment Amenities
| Air Conditioning |
Appliances
| Electric Stove | Microwave |
| Refrigerator |
Building
| Controlled Access | Onsite Laundry |
Grounds
| Gated Entry | One Car Parking |
Services
| Water and Trash |
One-time.
One-time. Refundable.
No pets allowed.
Questions about this property’s policies and fees?
| Units | 67 |
|---|
About Hancock Terrace Apartments: This community is located in the Koreatown district, known for having flourishing hubs of entertainment, fine dining, and shopping. Hancock Terrace Apartments is an apartment community located in Los Angeles County and the 90020 ZIP Code. This area is served by the Los Angeles Unified attendance zone. Beautiful 1 bedroom, 1 bathroom apartment in heart of Koreatown District. Community Amenities -Laundry Facilities -Elevator -Controlled Access -Maintenance on site -Property Manager on Site -Trash Pickup - Curbside -Elevator -Disposal Chutes -Gated -Fenced Lot -Courtyard -Amazon Box Highlights -Air Conditioning -Heating -Ceiling Fans -Smoke Free -Cable Ready -Security -Tub/Shower Kitchen Appliances -Disposal -Granite Countertops -Pantry -Eat-in Kitchen -Kitchen -Microwave -Oven -Range -Refrigerator -Freezer Application Requirement: - 650 credit score or higher - Monthly Gross Income 2.5x rent amount -Employer information and employment history for the past year If self-employed, four months of bank statements and 2 years of tax returns -Copies of Photo ID, Social, most recent 3 pay stubs -Good landlord reference -Cosigner OK with a higher deposit Call Regina Lee (Onsite Manager) at (213) 703-1673 to schedule a viewing. As a company, we conduct our business in compliance with the Federal Fair Housing Law and embrace individuals of any Race, Color, Religion, Sex, Handicap, Familial Status, or National Origin.
How Hancock Terraces compares to other nearby properties.
Positives
Considerations
1-bedroom apartments at Hancock Terraces cost about 2% less than the average rent price for 1-bedroom apartments in Greater Wilshire.
| Month | Median Rent |
|---|---|
| October 2024 | $1,801 |
| November 2024 | $1,814 |
| December 2024 | $1,845 |
| January 2025 | $1,848 |
| February 2025 | $1,815 |
| March 2025 | $1,810 |
| April 2025 | $1,756 |
| May 2025 | $1,745 |
| June 2025 | $1,750 |
| July 2025 | $1,750 |
| August 2025 | $1,736 |
| September 2025 | $1,702 |
| October 2025 | $1,702 |
| November 2025 | $1,709 |
| December 2025 | $1,738 |
| January 2026 | $1,739 |
| February 2026 | $1,721 |
| March 2026 | $1,697 |
| April 2026 | $1,690 |
| May 2026 | $1,650 |
| June 2026 | $1,651 |
| July 2026 | $1,650 |
| August 2026 | $1,650 |
| September 2026 | $1,650 |
| Month | Median Rent |
|---|---|
| October 2024 | $1,573 |
| November 2024 | $1,543 |
| December 2024 | $1,610 |
| January 2025 | $1,662 |
| February 2025 | $1,698 |
| March 2025 | $1,627 |
| April 2025 | $1,529 |
| May 2025 | $1,499 |
| June 2025 | $1,504 |
| July 2025 | $1,503 |
| August 2025 | $1,545 |
| September 2025 | $1,576 |
| October 2025 | $1,595 |
| November 2025 | $1,545 |
| December 2025 | $1,624 |
| January 2026 | $1,520 |
| February 2026 | $1,565 |
| March 2026 | $1,602 |
| April 2026 | $1,492 |
| May 2026 | $1,417 |
| June 2026 | $1,477 |
| July 2026 | $1,530 |
| August 2026 | $1,757 |
| September 2026 | $1,523 |
Can I afford to live at 538 S Manhattan Pl?
Bedrooms
1 bedroomRent-to-income ratio
30%
$78,000/yr
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