Active
1252 N Mansfield AVE
Los Angeles CA, 90038
$2,620,000
$388.15 per sqft
Active
11 Beds
8 Baths
6,750 sqft
Multi-family
Built in 1956
5 UNITS DELIVERED VACANT! Prime Net Lease is pleased to present an exceptional eight-unit multifamily investment opportunity in the heart of prime Hollywood. Nestled in one of the most sought-after markets in Los Angeles, this property offers unparalleled access to major thoroughfares and is just minutes from Hollywood's world-famous entertainment, shopping, and dining districts. The property also boasts a WalkScore of 96, making it a walkers paradise. This well-maintained building, constructed in 1956, spans 6,750 square feet of living space on a 7,489 square foot LAR3-zoned lot. The property features a strong unit mix, including five (5) one-bedroom, one-bath units and three (3) two-bedroom, one-bath units, making it an appealing choice for a variety of tenants. Adding to its value, six of the units come with covered parking spaces in the rear (with potential to add a 7th spot).For investors, this property represents a significant value-add opportunity. With five of the eight units to be delivered vacant, a savvy investor has immediate potential to renovate and capture higher market rents. Additionally, the property includes an on-site laundry room, providing convenient amenities for tenants while generating extra income. Separately metered gas and electric systems help keep operating costs low, enhancing profitability.
219116190DA
MLSⓇ ID
September 3, 2024
Listed
October 2, 2024
Updated
Map
1252 N Mansfield AVE
Los Angeles CA, 90038
Interior Features
Total Stories
2
Bedrooms
11
Total Bathrooms
8
Full Bathrooms
8
Appliances
Ceiling Fan, Refrigerator
Laundry Description
Outside
Floor Description
Wood
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan
Heating
Yes
Heating Description
Wall, Wall Gas
Exterior/Building Features
Lot Size
0.17 Acres
Sewer
In Street Paid
Other Property Details
Area Name
Los Angeles
Days on Market
7
Garage
No
Parking
Assigned
Parking Total
17
View
No
County
Los Angeles
Pool
No
Listed by Paul Matusik with Prime Desert Estates
Listing Contact: (714) 875-2400
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor OMNI Homes shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 10/2/2024