1252 N Mansfield Avenue
Los Angeles, CA 90038
Active for $2,620,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 7,489 sqft
| MLS | 219116190DA |
| Year Built | 1956 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $2,620,000 |
| Structure Size | N/A sqft |
| Lot Size | 7,489 sqft |
| Beds | N/A |
| Baths |
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.
Listing information courtesy of: Paul Matusik, Prime Desert Estates (714) 875-2400. *Based on information from the Association of REALTORS/Multiple Listing as of 11/23/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Cheryl Orlino
REALTOR®
Direct: 626.482.7988
Email: Email Me
DRE: 02064782
DRE #01873088
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