Price Reduced Listing
1347 N Mansfield,Los Angeles, CA 90028
Los Angeles, CA 90028
Description
We are pleased to present 1347 N Mansfield Ave, a 4 unit multi-family property located in the supply constrained neighborhood of Hollywood. Built in 1931, the subject property consists of 3,424 rentable square feet spread throughout a .12 acre lot. The building consists entirely of spacious 1-Bedrooms / 1-Bathroom units. The property is in a prime location near major employers, sources reveal that this central Hollywood neighborhood has a higher income than 40.8% of the neighborhoods in America. The centralized location benefits from Media, Technology and Creative Office Boom in Hollywood/Miracle Mile. Future renters have a short commute to Major Employment Centers such as Beverly Hills, Century City, Hollywood and Downtown Los Angeles. The Central Hollywood neighborhood has tons of character, it is very unique that the concentration here of studios and other small living spaces is at near-record heights. In addition, 97.8% of the real estate in the Central Hollywood neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in the US. This is an absolutely incredible opportunity to acquire a highly desirable multi-family asset in one of the most accessible locations in the city and would be a great addition to any investor's portfolio.
Details
| MLS # | PW26132327 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 123 |
| Listing Provided By | Lyon Stahl Investment Real Est | Ryan Gonzalez |
Features
| SQ Feet | 3,424 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.12 |
Exterior
| Lot Features | Back Yard, Garden, Lawn |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Biking, Curbs, Dog Park, Foothills, Hiking, Park, Street Lights, Sidewalks, Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90028 |
| Area | C20 Hollywood |
| Listing VS Median (in 90028) | |
Price: $1,565,000 low | high Med: $2,875,000 sqft: 3,424 low | high Med: 7,563 $ / sqft: $457 low | high Med: $464 On site: 123 low | high Med: 26 | |
Market Activity 90028
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90028 |
| Area | C20 Hollywood |
| Listing VS Median (in 90028) | |
Price: $1,565,000 low | high Med: $2,875,000 sqft: 3,424 low | high Med: 7,563 $ / sqft: $457 low | high Med: $464 On site: 123 low | high Med: 26 | |