1252 N Mansfield Avenue , Los Angeles, CA 90038
Los Angeles, CA 90038
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.
Details
| Mls | 219116190DA |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1956 |
| Days On Site | 100 |
| Listing Provided By | Prime Desert Estates (714) 875-2400 | Paul Matusik |
Features
| Car Port | Yes |
|---|---|
| Storys | 2 |
| Units | 8 |
| Buildings | 1 |
| Zoning | 1OGB82Z9HCHA |
| Acreage | 0.17 |
Market Activity 90038
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90038 |
| Community Name | Not Applicable 1 |
| Listing VS Median (in Not Applicable 1) | |
Price: $2,620,000 low | high Med: $415,000 On Site: 100 low | high Med: 207.000000 | |
