Homes for sale - 1301 N Mansfield AVE, Los Angeles, CA 90028

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Nicole Kale Miller

nk@nicolekale.com +1(805) 748-1095

$ 4,250,000

Est. payment | -/mo

23 Beds

22 Baths

14,668 SqFt

Save

$ 4,250,000

Est. payment | -/mo

Save

23 Beds

22 Baths

14,668 SqFt

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

+1(805) 748-1095

nk@nicolekale.com

904 Mesa View Dr., Arroyo Grande, California, 93420, USA

1301 N Mansfield AVE Los Angeles, CA 90028