CA > Los Angeles
Los Angeles, CA 90028,1301 N Mansfield AVE
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Los Angeles, CA 90028,1301 N Mansfield AVE
Los Angeles, CA 90028,1301 N Mansfield AVE
Los Angeles, CA 90028,1301 N Mansfield AVE
Los Angeles, CA 90028,1301 N Mansfield AVE
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The Stoker Group

The Stoker Group

+1(949) 510-8917
$ 4,250,000
Est. payment /mo
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Pending

1301 N Mansfield AVE Los Angeles, CA 90028

23 Beds

22 Baths

14,668 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Pending

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

CRMLS – RECore
Listed by Kenny Stevens Compass

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agent
The Stoker Group

Agent | License ID: 01738521

+1(949) 510-8917 | [email protected]

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1301 N Mansfield AVE