1252 N Mansfield Ave, Los Angeles, CA 90038
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1252 N Mansfield Ave Los Angeles, CA 90038

$2,875,000
  • 11 Beds
  • 8 Baths
  • 6,750 Sq.Ft.
For Sale
$2,875,000 Get Pre-Qualified

Map preview of 1252 N Mansfield Ave, Los Angeles, CA 90038

Property Overview: 1252 N Mansfield Ave Los Angeles, CA has 11 bedrooms, 8 bathrooms, 6,750 living square feet and 7,492 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: First time on the market in over 59 years! 5/8 Units will be delivered Vacant at close of escrow. Originally constructed in 1956 this property has been beautifully maintained by ownership. Sitting on 6,750 SF Lot, zoned LAR-3 and featuring (5) 1-bedroom and (3) 2-bedroom units. This rare offering presents an astute investor with the unique opportunity to acquire a premier asset with high vacancy in one of the most sought-after cities in the nation.

Listed by Jacob Plewa | BRE #02041641 | REMAX COMMERCIAL & INVESTMENT REALTY
Last checked: 10 minutes ago | Last updated: January 30th, 2024 | Source CRMLS | DOM: 84
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Call/Text (714) 706-1823

Home details

Lot Sq. Ft
7,492
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24350279
City
Los Angeles
County
Los Angeles
Time on Site
104 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,581
  • Total Rent: $3,163
  • Pro Forma/Market Rent: $12,500
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,512
  • Total Rent: $1,512
  • Pro Forma/Market Rent: $9,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.12%
  • Gross Rent Multiplier: 13.04
  • Gross Scheduled Income: --
  • Net Operating Income: $147,288
  • Gross Operating Income: $222,311
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1252 N Mansfield Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Dishwasher
Interior Features
  • Ceiling Fan(s)
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Covered, Carport
Property Information
  • Total # of Units: 8
  • Parcel Number: 5532007011
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Located just W of Highland Avenue & S of Fountain Avenue.
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Sale History for 1252 N Mansfield Ave

View property's historical transactions
  • January, 2024

  • Jan 22, 2024

    Date

    Active

    CRMLS: 24350279

    $2,875,000

    Price

  • March, 2021

  • Mar 3, 2021

    Date

    Expired

    CRMLS: 20666312

    $1,800

    Price

  • Dec 3, 2020

    Date

    Active

    CRMLS: 20666312

    $1,800

    Price

  • Listing provided courtesy of CRMLS

    Charming, bright and spacious one bedroom one bathroom located minutes away from the heart of Hollywood in a quiet building. This unit has hardwood floors, sizable closets, and on-site laundry. Call to inquire about parking.

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Tax History for 1252 N Mansfield Ave

Assessed Value (2020): $201,299
Year Land Value Improved Value Assessed Value
2020 $56,018 $145,281 $201,299

Home Value Compared to the Market

This property vs the competition

1252 N Mansfield Ave is listed 134.69% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $425.93 per/sqft which puts the price per square foot 44.97% lower than the median price per square foot for the city of Los Angeles.

About 1252 N Mansfield Ave

Detailed summary of property

1252 N Mansfield Ave is a multi family located in Los Angeles, CA 90038 and is currently for sale. This multi family property offers 11 bedrooms, 8 bathrooms, roughly 6,750 living square feet, and sits on an approximately 7,492 square foot lot. 1252 N Mansfield Ave was first listed on ArdentRealEstateGroup.com on January 22, 2024. The homeowner is currently asking $2,875,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 134.69% higher than the median priced home. Local competing homes currently for sale include 434 N Ogden Dr, 434 N Ogden Dr and 648 N Hayworth Ave. While the average home in Los Angeles, CA is selling in 96 days, 1252 N Mansfield Ave has a days on market of 84 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1252 N Mansfield Ave Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1252 N Mansfield Ave

Public county record property details
Beds
11
Baths
8
Year built
1956
Sq. Ft.
6,750
Lot Size
7,489
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
23
APN
5532-007-011

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,299,000
Median List Price/Sq.Ft.
$706
Median Sold Price
$715,000
Median Sold Price/Sq.Ft.
$659
Total Inventory
41
Median Sale to List Price %
79.44%
Avg Days on Market
17
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

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Related Resources to 1252 N Mansfield Ave

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.