1252 North Mansfield Avenue

Los Angeles, CA 90038

$2,875,000
Price
11
Beds
8
Baths
6,750 Sq. Ft.
$426 / Sq. Ft.
6,750
Sq. Ft.
$426
per Sq. Ft.

Description

First time on the market in over 59 years! 5/8 Units will be delivered Vacant at close of escrow. Originally constructed in 1956 this property has been beautifully maintained by ownership. Sitting on 6,750 SF Lot, zoned LAR-3 and featuring (5) 1-bedroom and (3) 2-bedroom units. This rare offering presents an astute investor with the unique opportunity to acquire a premier asset with high vacancy in one of the most sought-after cities in the nation.First time on the market in over 59 years! 5/8 Units will be delivered Vacant at close of escrow. Originally constructed in 1956 this property has been beautifully maintained by ownership. Sitting on 6,750 SF Lot, zoned LAR-3 and featuring (5) 1-bedroom and (3) 2-bedroom units. This rare offering presents an astute investor with the unique opportunity to acquire a premier asset with high vacancy in one of the most sought-after cities in the nation.
  1. Listed by Jacob Plewa • DRE #02041641 • Brokerage DRE #01164364 • REMAX COMMERCIAL & INVESTMENT REALTY

Property Details for 1252 North Mansfield Avenue

Zoning
LAR3
Parcel Number
5532007011
Total Units
8.0
Living Area
6750
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
63%
Lot Size Area
7492

Location

Listing Courtesy of REMAX COMMERCIAL & INVESTMENT REALTY, Jacob Plewa, DRE #02041641
Add your commute
LISTING UPDATED: 01/30/2024 12:01 AM

Property Details for 1252 North Mansfield Avenue

StatusActive
MLS #24-350279
Days on Market99
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.17 AC / 7,492 SF
CountyLos Angeles County

Location

Listing Courtesy of REMAX COMMERCIAL & INVESTMENT REALTY, Jacob Plewa, DRE #02041641
Add your commute

Building Information for 1252 North Mansfield Avenue

Stories-Residences-Year Built1956Building Size-Lot Size0.17 AC / 7,492 SF

Payment Calculator

$16,007 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,690

Property Taxes

$317

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1252 North Mansfield Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $222,311
  • Net Operating Income: $147,288.00
  • Gross Income: $220,511
  • Cap Rate: 5.12%
  • Gross Rent Multiplier: $13.04
  • Total Annual Expense: 68407
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.172
  • Lot Size Square Feet: 7492
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Carport
  • Total Parking: 10
  • Covered Parking: 7
  • Parking Features: Covered, Carport
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Dishwasher, Ceiling Fan
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-22-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,512.00
  • Unit Actual Rent: $1,512.00
  • Unit Projected Rent: $9,300.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,581.00
  • Unit Actual Rent: $3,163.00
  • Unit Projected Rent: $12,500.00
  • Like Units: 5
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $152,442.00
  • Assessed Improvement Percent: 72.14
  • Assessed Land Value: $58,883.00
  • Assessed Land Percent: 27.86
  • Assessed Total Value: $211,325.00

Property History for 1252 North Mansfield Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1252 North Mansfield Avenue

Taxable ValueLand$58,883Additions$152,702Total$211,585
Tax Record2023$3,805 ($317 / month)
Home Facts
Total Finished SqFt6,750 SqFtAbove Grade Finished SqFt6,750 SqFtLot Size7,489 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningLAR3CountyLOS ANGELESAPN5532-007-011

Schools near 1252 North Mansfield Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Gardner Street Elementary School
PublicK to 5

Hubert Howe Bancroft Middle School
Public6 to 8

Hollywood Senior High School
Public9 to 12

Larchmont Charter School
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1252 North Mansfield Avenue is a multi-family home for sale in Los Angeles, CA 90038. This property was listed for sale on January 22, 2024 by REMAX COMMERCIAL & INVESTMENT REALTY, it's currently listed at $2,875,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Gardner Street Elementary School, Hubert Howe Bancroft Middle School and Hollywood Senior High School. 1252 North Mansfield Avenue is a 11-bed, 8-bath, 6,750 sqft multi-family home built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of REMAX COMMERCIAL & INVESTMENT REALTY, Jacob Plewa, DRE #02041641

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.