18
See all 18 photos
$4,250,000
Est. payment /mo
23 Beds
22 Baths
14,668 SqFt
New
1301 N Mansfield AVE Los Angeles, CA 90028
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 14,668 sqft
Price per Sqft $289
MLS Listing ID 25539531
Bedrooms 23
HOA Y/N No
Year Built 1966
Lot Size 0.278 Acres
Property Description
First time on the market in over 40 years, 1301 N. Mansfield presents a timeless mid-century apartment complex with thoughtful modern upgrades, located in a prime Hollywood location (corner of Fountain and Mansfield). Located just west of Highland Ave, 1301 N. Mansfield offers investors an opportunity to acquire a well-maintained 19-unit complex situated between the local hotspots and employment epicenters of West Hollywood (0.5 miles from Santa Monica & La Brea) and the greater Hollywood Media District (0.6 mile from Hollywood & Highland). Offered at $223K per unit, the financials are just as appealing as the location. Current rents yield a 5.45% CAP, and with approx. 26% rental upside, investors can achieve a 7.73% CAP and 8.75 GRM once stabilized. The unit mix includes (6) 2-bed/1.5-bath, (11) 1-bed/1-bath, and (2) studios. Please note, 2 units will be delivered vacant. Interiors feature oversized windows, private balconies, and an open-style floor plan. Units average approx. 800 SF, offering ample space, charm, and natural light. Major capital improvements include, electric appliances, a new roof, copper repipe, soft-story retrofit, and SB-721 compliant balconies (buyer to verify). Capital improvements include electric appliances, copper repipe, soft-story retrofit, and SB-721-compliant balconies (buyer to verify). 1301 N. Mansfield combines strong in-place fundamentals, significant upside, and unbeatable proximity to LA's top-tier cultural, entertainment, and employment hubs.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Refrigerator
Laundry Common Area
Exterior
Parking Features Covered, Gated
Community Features Gated
View Y/N No
View None
Total Parking Spaces 21
Building
Faces East
Story 3
Entry Level Three Or More
Architectural Style Mid-Century Modern
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5548023049
Security Features Gated Community,Key Card Entry
Special Listing Condition Standard
Listed by Kenny Stevens • Compass
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