2747 South Mansfield Avenue

Los Angeles, CA 90016

$1,275,000
Price
4
Beds
4
Baths
2,630 Sq. Ft.
$485 / Sq. Ft.
2,630
Sq. Ft.
$485
per Sq. Ft.

Description

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 6.15% CAP and 11.92 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...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 6.15% CAP and 11.92 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.
  1. Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 2747 South Mansfield Avenue

Zoning
LARD1.5
Parcel Number
5049015028
Total Units
4.0
Living Area
2630
Source Living Area
Other
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
4809
LISTING UPDATED: 11/28/2024 12:01 AM

Property Details for 2747 South Mansfield Avenue

StatusActive
MLS #24-465517
Days on Market31
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.11 AC / 4,809 SF
CountyLos Angeles County

Building Information for 2747 South Mansfield Avenue

Stories-Residences-Year Built1924Building Size-Lot Size0.11 AC / 4,809 SF

Property Information for 2747 South Mansfield Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $106,968
  • Net Operating Income: $78,471.00
  • Gross Income: $106,968
  • Cap Rate: 6.15%
  • Gross Rent Multiplier: $11.92
  • Total Annual Expense: 28498
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1104
  • Lot Size Square Feet: 4809
Parking Details
Parking Details
  • Parking Garage: Driveway - Concrete
  • Total Parking: 3
  • Open Other Spaces Total: 3
  • Parking Features: Concrete
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-20-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,052.00
  • Unit Actual Rent: $3,052.00
  • Unit Projected Rent: $3,052.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $862.00
  • Unit Actual Rent: $862.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,500.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,500.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $146,880.00
  • Assessed Improvement Percent: 18.2
  • Assessed Land Value: $659,940.00
  • Assessed Land Percent: 81.8
  • Assessed Total Value: $806,820.00

Property History for 2747 South Mansfield Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2747 South Mansfield Avenue

Taxable ValueLand$673,138Additions$149,817Total$822,955
Tax Record2024$10,187 ($849 / month)
Home Facts
Total Finished SqFt1,650 SqFtAbove Grade Finished SqFt1,650 SqFtLot Size4,809 SqFtStyleTriplexYear Built1924ZoningLARD1.5CountyLOS ANGELESAPN5049-015-028

Schools near 2747 South Mansfield Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 4
Rating
School
Distance
Cienega Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Susan Miller Dorsey Senior High School
Public9 to 12

Stella Elementary Charter Academy
CharterK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

2747 South Mansfield Avenue is a multi-family home for sale in Los Angeles, CA 90016. This property was listed for sale on November 20, 2024 by Kidder Mathews of California, Inc., it's currently listed at $1,275,000. It has been on the market for a total of 31 days and was last sold on August 16, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Cienega Elementary School, Johnnie Cochran, Jr., Middle School and Susan Miller Dorsey Senior High School. 2747 South Mansfield Avenue is a 4-bed, 4-bath, 2,630 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews of California, Inc., Casey Lins, DRE #01902650

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.