2749 S Mansfield Ave - Apartments FOR SALE


Los Angeles, CA 90016
$1,275,000 USD
213-225-7223
2749 S Mansfield Ave, Los Angeles, CA for Sale
$1,275,000 USD
Apartments - FOR SALE
1/20
null | 6.15% Cap Rate

2749 S Mansfield Ave
Los Angeles, CA 90016


HIGHLIGHTS

  • Unit mix of 2 one-bedroom 1 bath units, 1 two-bedroom 1 bath unit, and 1 studio unit.
  • Immediate opportunity for an owner user to live in one unit and rent out the others

OVERVIEW

PRICE REDUCED! We are pleased to present a turn-key 4-unit property (2 NEW AND VACANT units) located in the highly desirable West Adams neighborhood. The building currently operates at a 6.15% CAP and 11.92 GRM on current rents (assuming market for the vacant units)! The property consists of two separate, single-story structures built in 1924 and 2024 (two new build ADUs) with a unit mix of 2 one-bedroom 1 bath units, 1 two-bedroom 1 bath unit, and 1 studio unit. With two vacant renovated units, there is an immediate opportunity for an owner user to live in one unit and rent out the others, or for an investor to capture immediate upside and re-rent both units at market rents in a highly coveted and proven submarket. This opportunity is located just South of Adams Blvd and West of La Brea Ave in very close proximity to one of the trendiest corridors in Los Angeles. Located a short walk away from numerous iconic West Adams restaurants, including Tartine, Alta, Mizlala, Farmhouse Kitchen, Chulita, and Cento, this property is strategically situated nearby a booming corridor that consists of restaurants, new hotels, art galleries, and production studios throughout. Contact the listing broker to coordinate a tour.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$485 USD /SF

# OF UNITS

4

PRICE/UNIT

$318,750

CAP RATE

6.15%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Price Reduced | West Adams | 4 Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,518 SF

ZONING

LARD1.5

APN/PARCEL ID

5049-015-028,5049-015-029

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.