1252 N Mansfield Avenue, Los Angeles, CA 90038

  • $2,620,000
  • $388
1252 N Mansfield Avenue, Los Angeles, CA 90038
  • Residential Income
  • Property Type
  • 0.00
  • Garage
  • 1956
  • Year Built
For Sale
1252 N Mansfield Avenue, Los Angeles, CA 90038
  • $2,620,000
  • $388

Overview

Property ID: SGR-33895684
  • Residential Income
  • Property Type
  • 0.00
  • Garage
  • 1956
  • Year Built

Description

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.

  • Address 1252 N Mansfield Avenue
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90038
  • Country United States

Details

Updated on September 13, 2024 at 11:15 am
  • Property ID: SGR-33895684
  • Price: $2,620,000
  • Land Area: 7489.00 m²
  • Garage: 0.00
  • Year Built: 1956
  • Property Type: Residential Income
  • Property Status: For Sale
  • MLS#: 219116190DA
  • Office Name: PRIME DESERT ESTATES
  • Agent Name: Paul Matusik
  • MLS Status: Active
  • Agent State License: 01351021

Additional details

  • Heating: Wall Furnace
  • Flooring: Wood
  • County: Los Angeles
  • Parking: 17.00

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