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Property Description

931 S Mansfield is a charming French provincial 8 unit multi-family property in a highly sought after Miracle Mile & Mid Wilshire location. The subject property is two stories, approximately 8,429 SF and was built in 1930. This large property consists of 8 spacious 1 BR + 1 Bath units. Three of these eight units will be delivered VACANT at close of escrow. The other four units have rents well below market, creating a quintessential value-add opportunity for new ownership. Garages located at the rear of the property that can potentially be converted into ADU units. There is also additional income generated monthly from onsite laundry. With its solid economic profile and strategic positioning, 931 S. Mansfield Ave embodies a lucrative opportunity for discerning investors seeking to capitalize on the dynamic Los Angeles real estate market.

Features
2
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Additional Information
Miller & Desatnik Realty Co.
0
CLW-L09938
CLW-L02710
Errol
5084005006
: Standard
7
Two
32

Multi-Family For Sale

931 Mansfield Avenue, Los Angeles, California 90036

8,429 Sqft
$2,550,000
Listing ID #24404845
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24404845
Price : $2,550,000
Living Area : 8,429 Sqft
Lot Size : 9,321 Sqft
Year Built : 1931
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90036
Price Per Square Foot : $303
ModificationTimestamp : 2024-06-25 05:13:03
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