942 S Mansfield Ave - Apartments FOR SALE


Los Angeles, CA 90036- Miracle Mile
$2,499,000 USD
424-235-8749
942 S Mansfield Ave, Los Angeles, CA for Sale
$2,499,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

942 S Mansfield Ave
Los Angeles, CA 90036
Miracle Mile


HIGHLIGHTS

  • Beautiful 4-unit Spanish building in Hancock Park Adjacent area.
  • 4 units leased with newer professional tenants. Stable in-place income Strong rental demand and market-rate upside potential. with all newer tenants
  • Prime central location near museums, dining, and major employment centers
  • Large 2BD/2BA floor plans with classic architectural details
  • 6,862 SF building on an 8,334 SF R3 lot
  • 1928 character construction with desirable amenities

OVERVIEW

Beautiful Spanish Mediterranean Quadruplex in the Hancock Park Area. First time on the market in over a decade, this beautiful property presents a rare opportunity to acquire a high-performing 4-unit multifamily property with high in-place income and timeless architectural appeal. All 4 units are occupied by professional newer tenants offering an exceptional investor opportunity. All of the units are spacious and feature abundant natural light, hardwood floors, treetop/greenbelt views, patios an updated open-concept kitchen with premium finishes, in-unit laundry, central HVAC, and a private balconies. Secure garage parking included. Located on a beautiful lush tree lined street in the highly sought-after Hancock Park/Miracle Mile corridor, the property offers close proximity to museums, dining, shopping, and major transit. A rare blend of charm, stability, and long-term upside in one of Los Angeles' most desirable neighborhoods.. Ideal for long term owner-investor seeking a centrally located character asset. Standard Sale Virtual Tour: https://www.themls.com/properties/vt/CA/Los-Angeles/942-S-Mansfield-Ave/Residential-Income/26649695

FOR SALE DETAILS

PRICE

$2,499,000 USD

PRICE/SF

$364 USD /SF

# OF UNITS

4

PRICE/UNIT

$624,750

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,334 SF

ZONING

R3

APN/PARCEL ID

5084-006-008

ASK ABOUT THIS PROPERTY

Alexander RadosevicCanon Properties Beverly HillsMore Info
424-235-8749

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Alexander RadosevicCanon Properties Beverly HillsMore Info
424-235-8749

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