2747 South Mansfield Avenue
$1,275,000
4
4
2,630
2,630
$485
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.
- 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 Number5049015028
Total Units4.0
Living Area2630
Source Living AreaOther
AreaMid Los Angeles (C16)
Vacancy Rate0
Lot Size Area4809
LISTING UPDATED: 11/28/2024 12:01 AM
Property Details for 2747 South Mansfield Avenue
Status | Active |
---|---|
MLS # | 24-465517 |
Days on Market | 31 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1924 |
Lot Size | 0.11 AC / 4,809 SF |
County | Los 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
Property History for 2747 South Mansfield Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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