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1252 Mansfield Avenue
Los Angeles, CA 90038
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.
PROPERTY INFORMATION
| MLS # | 219116190DA | Lot Size | 7,489 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 2,620,000
Price Per SqFt: $ inf |
DOM | 243 Days |
| Address | 1252 Mansfield Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | Sq. Ft. |
| Postal Code | 90038 | Garage | N/A |
| County | Los Angeles | Year Built | 1956 |
| Bed / Bath | 0 / 0 | Parking | 17 |
| Built In | 1956 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Has Fireplace | No |
| Has Appliances | Yes |
| Kitchen Appliances | Refrigerator, Gas Oven, Gas Water Heater, Water Heater |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Room Information | Living Room |
| Has Cooling | Yes |
| Flooring Information | Wood |
| Has Spa | No |
EXTERIOR FEATURES
| Has Pool | No |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,795
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 09/02/2024 | Listed | $2,620,000 |
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Listing provided courtesy of Paul Matusik, Prime Desert Estates. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
