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 Details
Price:
$2,620,000
MLS #:
219116190DA
Status:
Active
Baths:
0
Address:
1252 N Mansfield Avenue
Type:
Residential Income
City:
Los Angeles
Listed Date:
Sep 2, 2024
State:
CA
ZIP:
90038
Lot Size:
7,489 sqft / 0.17 acres (approx)
Year Built:
1956
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Refrigerator, Gas Oven, Gas Water Heater, Water Heater
Flooring
Wood
Heating
Wall Furnace
Exterior
Garage Spaces
0.00
Parking Features
Assigned
Parking Spots
17.00
Stories Total
2
Financial
Association Fee
0.00
Tenant Pays
Cable T V, Gas, Electricity
Map
Community
- Address1252 N Mansfield Avenue Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90038
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Courtesy of Prime Desert Estates. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1252 N Mansfield Avenue
Los Angeles, CA
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