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Hancock Terraces earns a strong overall rating with excellent marks for amenities, location, price, and quality, alongside a solid trustworthiness score. Its gated parking, controlled access, air conditioning, ceiling fans, smoke-free setting, and refrigerator add to its appeal, while nearby transit, walkability, restaurants, parks, and recycling options support a lively, convenient, and sustainability-minded lifestyle.
Things you’ll love
Images AvailableOutdoor spaceGreat for
Eco living
Social life| 1BR/1.0BA | 1 bed | 1 bath | 555+ sqft | $1,950–$2,000 /mo | 5 units available | About Hancock Terrace Apartments: 1 Bedroom Apartments for Rent in 90020 – Hancock Terraces Near Madang Mall Discover stylish living at Hancock Terraces, a boutique apartment community located in the heart of Koreatown and just minutes from Downtown Los Angeles. Our thoughtfully designed one-bedroom residences offer a blend of comfort and modern elegance - perfect for professionals, couples, and anyone looking for an upscale urban lifestyle. Enjoy everyday convenience with gated parking, controlled access, and secure package lockers / Amazon Hub, giving you peace of mind and a hassle-free living experience. With Koreatown’s top dining, shopping, nightlife, and transit options right outside your door, you’re connected to everything that makes city living effortless. At Hancock Terraces, luxury meets location in one of LA’s most desirable neighborhoods. -1 Block from Wiltern Theater -Walking distance from H-mart, California Market, Ralphs -1 Block away from Subway/Metro Bus Station -Near Wilshire Park and Wilton Elementary School, John Burroughs Middle School 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 Highlights -Air Conditioning -Heating -Ceiling Fans -Smoke Free -Cable Ready -Security System -Tub/Shower Kitchen Appliances -Disposal -Granite Countertops -Pantry -Eat-in Kitchen -Kitchen -Microwave -Oven -Range -Refrigerator -Freezer |
Let's explore this property.
Apartment Amenities
| Air Conditioning | Balcony |
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: 1 Bedroom Apartments for Rent in 90020 – Hancock Terraces Near Madang Mall Discover stylish living at Hancock Terraces, a boutique apartment community located in the heart of Koreatown and just minutes from Downtown Los Angeles. Our thoughtfully designed one-bedroom residences offer a blend of comfort and modern elegance - perfect for professionals, couples, and anyone looking for an upscale urban lifestyle. Enjoy everyday convenience with gated parking, controlled access, and secure package lockers / Amazon Hub, giving you peace of mind and a hassle-free living experience. With Koreatown’s top dining, shopping, nightlife, and transit options right outside your door, you’re connected to everything that makes city living effortless. At Hancock Terraces, luxury meets location in one of LA’s most desirable neighborhoods. -1 Block from Wiltern Theater -Walking distance from H-mart, California Market, Ralphs -1 Block away from Subway/Metro Bus Station -Near Wilshire Park and Wilton Elementary School, John Burroughs Middle School 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 Highlights -Air Conditioning -Heating -Ceiling Fans -Smoke Free -Cable Ready -Security System -Tub/Shower Kitchen Appliances -Disposal -Granite Countertops -Pantry -Eat-in Kitchen -Kitchen -Microwave -Oven -Range -Refrigerator -Freezer
How Hancock Terraces compares to other nearby properties.
Positives
Considerations
1-bedroom apartments at Hancock Terraces cost about 19% less than the average rent price for 1-bedroom apartments in Greater Wilshire.
| Month | Median Rent |
|---|---|
| August 2024 | $1,850 |
| September 2024 | $1,848 |
| 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 |
| Month | Median Rent |
|---|---|
| August 2024 | $1,512 |
| September 2024 | $1,564 |
| 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 | $2,132 |
Can I afford to live at 538 S Manhattan Pl?
Bedrooms
1 bedroomRent-to-income ratio
30%
$78,000/yr
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$2,700–$4,672
Downtown Los Angeles • 1027 Wilshire Blvd
Studio–2 Beds
$2,409–$4,047
Mid-City West • 5700 W 6th St
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$2,840–$4,678
East Hollywood • 200 N Vermont Ave
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$2,325–$5,285
Hollywood Studio District • 5750 Hollywood Blvd
Studio–3 Beds
$1,999–$8,434
Palms • 3700 S Sepulveda Blvd
1–2 Beds
$2,450–$2,900
Central Hollywood • 1410 N Highland Ave
1 Bed
$1,395–$2,195
Hollywood Hills West • 1714 N Mccadden Pl
Studio–2 Beds
$2,700–$4,672
Downtown Los Angeles • 1027 Wilshire Blvd
Studio–2 Beds
$2,409–$4,047
Mid-City West • 5700 W 6th St
1–2 Beds
$2,840–$4,678
East Hollywood • 200 N Vermont Ave
Studio–2 Beds
$2,325–$5,285
Hollywood Studio District • 5750 Hollywood Blvd
Studio–3 Beds
$1,999–$8,434
Palms • 3700 S Sepulveda Blvd
1–2 Beds
$2,450–$2,900
