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2902 S Mansfield Ave, Los Angeles, CA 90016
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2902 S Mansfield Ave Los Angeles, CA 90016

$1,350,000 Sold Price as of 02/28/2020
  • 6 Beds
  • 5 Baths
  • -- Sq.Ft.
Sold
$1,350,000 Sold Price as of 02/28/2020 Refinance Your Mortgage
Map preview of 2902 S Mansfield Ave, Los Angeles, CA 90016

Property Overview: 2902 S Mansfield Ave Los Angeles, CA has 6 bedrooms, 5 bathrooms, -- living square feet and 4,130 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The West Adams Assemblage is an extremely rare and unique opportunity to develop a multifamily asset within a Tier 3 Transit Priority Area in the City of Los Angeles. The offering includes parcels 5049-032-064, 5049-032-063, 5049-032-062, and 5049-032-061, all delivered vacant for a total of 8,389 square feet of LAR3 land. The entire site allows for up to 10 units by-right. Additionally, the City's Transit Oriented Communities Affordable Housing Incentive Program provides a 70% density bonus allowing up to 19 buildable units.

Listed by Adam Peterson | BRE #01815802 | CB Richard Ellis, Inc.
Co-listed by Alexander Frapech | BRE #02026469 | CB Richard Ellis, Inc.
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 104

Home details

Lot Sq. Ft
4,130
HOA Dues
$0/mo
Year built
1934
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19516364
City
Los Angeles
County
Los Angeles
Time on Site
1213 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.7
  • Gross Scheduled Income: --
  • Net Operating Income: $53,539
  • Gross Operating Income: $80,400
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2902 S Mansfield Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Concrete, Garage - Single Door
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 2
  • Parcel Number: 5049032063
  • Has Additional Parcels
Location / Neighborhood
Location Information
  • Directions: Properties are located North of intersection of La Brea Ave. & Jefferson Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 2902 S Mansfield Ave

Last sold on April 10th, 2020

  • April, 2020

  • Apr 10, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 2020

  • Feb 28, 2020

    Date

    Sold

    CRMLS: 19516364

    $1,350,000

    Price

  • Jan 15, 2020

    Date

    Active Under Contract

    CRMLS: 19516364

    $1,350,000

    Price

  • Oct 3, 2019

    Date

    Active

    CRMLS: 19516364

    $1,350,000

    Price

  • May, 2000

  • May 18, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2902 S Mansfield Ave

Assessed Value (2020): $319,556
Year Land Value Improved Value Assessed Value
2020 $190,049 $129,507 $319,556

Home Value Compared to the Market

This property vs the competition

2902 S Mansfield Ave sold on February 28, 2020 for 13.45% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 2902 S Mansfield Ave

Detailed summary of property

2902 S Mansfield Ave is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 6 bedrooms, 5 bathrooms, roughly -- living square feet, and sits on an approximately 4,130 square foot lot. 2902 S Mansfield Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,350,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 13.45% higher than the current median priced home. Local homes that are currently for sale include 2312 West Blvd, 4723 Pickford St and 3809 W 30th St. While the average home in Los Angeles, CA is selling in 94 days, 2902 S Mansfield Ave has a days on market of 104 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 2902 S Mansfield Ave Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2902 S Mansfield Ave

Public county record property details
Beds
6
Baths
5
Year built
1934
Sq. Ft.
2,553
Lot Size
3,000
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
195
APN
5049-032-063

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,099,000
Median List Price/Sq.Ft.
$774
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
75
Median Sale to List Price %
98.44%
Avg Days on Market
30
Loan Type
Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

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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.

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