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724 S Mansfield Ave, Los Angeles, CA 90036
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724 S Mansfield Ave Los Angeles, CA 90036

$3,000,000
  • 9 Beds
  • 12 Baths
  • 8,476 Sq.Ft.
For Sale
$3,000,000 Get Pre-Qualified
Map preview of 724 S Mansfield Ave, Los Angeles, CA 90036

Property Overview: 724 S Mansfield Ave Los Angeles, CA has 9 bedrooms, 12 bathrooms, 8,476 living square feet and 10,574 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: Los Angeles' historic Spanish-style architecture is imprinted throughout this beautiful Miracle Mile / Hancock Park block. The property is comprised of 12 units over two floors, across 8,476 SF, sitting on a LAR3-zoned 10,571 SF lot. Residents will enjoy a short walk to some of the city's best Restaurants, Lounges, and shopping centers, as well as the future Wilshire/LaBrea Metro Purple Line station, which will provide riders with underground metro access between Westwood and Downtown LA.

Listed by Jacob Plewa | BRE #02041641 | REMAX COMMERCIAL & INVESTMENT REALTY
Last checked: 4 minutes ago | Last updated: August 26th, 2024 | Source CRMLS | DOM: 71

Home details

Lot Sq. Ft
10,574
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24412953
City
Los Angeles
County
Los Angeles
Time on Site
72 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 9
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,880
  • Total Rent: $16,925
  • Pro Forma/Market Rent: $22,500
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,074
  • Total Rent: $3,224
  • Pro Forma/Market Rent: $4,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.4%
  • Gross Rent Multiplier: 12.7
  • Gross Scheduled Income: --
  • Net Operating Income: $160,446
  • Gross Operating Income: $236,064
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 724 S Mansfield Ave

Interior Features
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway, Carport
Property Information
  • Total # of Units: 12
  • Parcel Number: 5507027018
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Just South of Wilshire, East of La Brea
View more facts & features

Local Los Angeles Agent

Sale History for 724 S Mansfield Ave

Last sold on November 4th, 2003

  • July, 2024

  • Jul 9, 2024

    Date

    Active

    CRMLS: 24412953

    $3,150,000

    Price

  • February, 2024

  • Feb 1, 2024

    Date

    Expired

    CRMLS: 22185915

    $3,900,000

    Price

  • Aug 1, 2022

    Date

    Active

    CRMLS: 22185915

    $4,200,000

    Price

  • Listing provided courtesy of CRMLS

    Prime Hancock Park location, walking distance to shops and restaurants along Wilshire Blvd. Massive upside potential for an investor to turn units and achieve market rents. Large shaded courtyard, frontage & ADU potential at the property.

  • November, 2003

  • Nov 4, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 724 S Mansfield Ave

Assessed Value (2020): $613,648
Year Land Value Improved Value Assessed Value
2020 $399,984 $213,664 $613,648

Home Value Compared to the Market

This property vs the competition

724 S Mansfield Ave is listed 150% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $353.94 per/sqft which puts the price per square foot 53.91% lower than the median price per square foot for the city of Los Angeles.

About 724 S Mansfield Ave

Detailed summary of property

724 S Mansfield Ave is a multi family located in Los Angeles, CA 90036 and is currently for sale. This multi family property offers 9 bedrooms, 12 bathrooms, roughly 8,476 living square feet, and sits on an approximately 10,574 square foot lot. 724 S Mansfield Ave was first listed on ArdentRealEstateGroup.com on July 9, 2024. The homeowner is currently asking $3,000,000 and was originally asking $3,150,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 150% higher than the median priced home. Local competing homes currently for sale include 4537 W 16th Pl, 1625 Vineyard Ave and 1424 Meadowbrook Ave. While the average home in Los Angeles, CA is selling in 106 days, 724 S Mansfield Ave has a days on market of 71 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 724 S Mansfield Ave Los Angeles, CA 90036 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 724 S Mansfield Ave

Public county record property details
Beds
8
Baths
12
Year built
1927
Sq. Ft.
8,476
Lot Size
10,570
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
17,18
APN
5507-027-018

The source for these homes facts are from public records.

90036 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,199,000
Median List Price/Sq.Ft.
$937
Median Sold Price
$1,675,000
Median Sold Price/Sq.Ft.
$754
Total Inventory
31
Median Sale to List Price %
95.71%
Avg Days on Market
31
Loan Type
Conventional (16.67%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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