Homes for sale - 1252 N Mansfield AVE, Los Angeles, CA 90038

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Lenore Wilkas

lenore.wilkas@engelvoelkers.com +1(760) 407-2100

$ 2,620,000

Est. payment -/mo

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1252 N Mansfield AVE Los Angeles, CA 90038

7,487 Sqft Lot

UPDATED:

09/30/2024 06:27 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Not Applicable-1

MLS Listing ID 219116190DA

HOA Y/N No

Year Built 1956

Lot Size 7,487 Sqft

Property 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.

Location

State CA

County Los Angeles

Zoning 1OGB82Z9HCHA

Interior

Heating Wall Furnace

Flooring Wood

Fireplace No

Appliance Gas Oven, Gas Water Heater, Refrigerator, Water Heater

Exterior

Garage Assigned

Carport Spaces 5

View Y/N No

Total Parking Spaces 17

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5532007011

Acceptable Financing Cash, Contract

Listing Terms Cash, Contract

Special Listing Condition Standard

Listed by Paul Matusik • Prime Desert Estates

The Wilkas Group - Lenore & Alexander Wilkas

Real Estate Advisors | License ID: 01343201 & 01355442

+1(760) 407-2100

Lenore Wilkas

1252 N Mansfield AVE Los Angeles, CA 90038

Key Details

Location

Interior

Exterior

Building

Others

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1252 N Mansfield AVE