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… Read More 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. Read Less
Courtesy of Compass 310-230-5478
Listing Snapshot
Days Online
48
Last Updated
Property Type
Other
Beds
23
Square Ft.
14,668
Lot Size
0.28 Acres
Year Built
1966
MLS Number
25539531
30 Days Snapshot Of 90028
$947k
+8%
(avg) sold price
4
+33%
homes sold
80
+26%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Built-Ins, Freezer, Range/Oven, Refrigerator
Building
14,668 sq ft, Built in 1966, Levels: Three Or More, Attached, Mid-Century
Cooling
Wall/Window
Disclosures
As Is
Garage
Covered Parking, Gated
Heating
Wall
Laundry
Community
Lot
LotSizeArea: 12,093
Parking
CoveredParking: 21, TotalParking: 21
Property
NumberOfUnits: 19, Zoning: LAR3
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