Los Angeles, CA 90016 2749 S Mansfield Avenue
$1,295,000
15 more
Presented By: Casey Lins with Kidder Mathews of California, Inc.;
Home Details
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 6.04% CAP and 12.11 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.
Presented By: Casey Lins with Kidder Mathews of California, Inc.;
Interior Features for 2749 S Mansfield Avenue
Bedrooms
Total Bedrooms4
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths4
Other Interior Features
LivingAreaSourceOther
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesStacked
Total Stories1
General for 2749 S Mansfield Avenue
Additional Parcels Y/NNo
AppliancesRefrigerator
Attached Garage No
Cap Rate6.04
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market42
DirectionsGoogle Maps: 2749 S Mansfield Ave. Los Angeles, CA 90016
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income106968.0
HeatingWallFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet4809.0
Lot Size UnitsSquareFeet
MLS AreaC16 - Mid Los Angeles
MobileHomeRemainsYNNo
Net Operating Income78221.0
New ConstructionNo
NumberOfUnitsTotal4
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
View Y/NNo
Waterfront Y/NNo
Year Built1924
ZoningLARD1.5
Exterior for 2749 S Mansfield Avenue
Building Area Total2630.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1104
Lot Size Area4809.0
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesDriveway
SpaNo
Total Parking3.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480