2917 S Mansfield Ave - Apartments FOR SALE


Los Angeles, CA 90016- West Adams
$1,475,000 USD
2917 S Mansfield Ave, Los Angeles, CA for Sale
$1,475,000 USD
Apartments - FOR SALE
1/9
null | 2.24% Cap Rate

2917 S Mansfield Ave
Los Angeles, CA 90016
West Adams


OVERVIEW

Caskey Real Estate Group is proud to present 2917 S. Mansfield Ave, an eight-unit multifamily opportunity located in the West Adams neighborhood, one of Los Angeles’ most dynamic and fast-evolving submarkets. Over the past several years, West Adams has become a highly sought-after location for both residents and investors due to its central position, ongoing revitalization, and strong rental demand. This property provides a blend of stability, rental upside, and long-term development potential. The building offers a balanced and desirable unit mix that includes two 2-bed, 1-bath units and six 1-bedroom, 1-bath units. The total building is approximately 5,852 square feet, situated on a 7,216 SF lot that is zoned LAR3. (buyers to verify). The property is subject to the City of Los Angeles Rent Stabilization Ordinance (RSO). This creates an opportunity for a new owner to implement strategic improvements, enhance unit interiors, and capitalize on natural rent growth over time. With current annual gross income of approximately $91,000, investors will benefit from immediate in-place cash flow while planning for long-term value enhancement. The combination of location, zoning, and income potential positions 2917 S. Mansfield Ave as a solid acquisition for value-add operators, multifamily investors, and seasoned portfolio builders. This offering underscores the ongoing strength of the West Adams market and provides a rare opportunity to acquire a well-located asset with strong future growth potential.

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$252 USD /SF

# OF UNITS

8

PRICE/UNIT

$184,375

CAP RATE

2.24%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

LAR3

APN/PARCEL ID

5049-032-055

ASK ABOUT THIS PROPERTY

Mo Sharifiexp Realty of CaliforniaMore Info

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