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

$1,800,000 Sold Price as of 09/16/2019
  • 5 Beds
  • 7 Baths
  • 5,038 Sq.Ft.
Sold
$1,800,000 Sold Price as of 09/16/2019 Refinance Your Mortgage
Map preview of 744 S Mansfield Ave, Los Angeles, CA 90036

Property Overview: 744 S Mansfield Ave Los Angeles, CA has 5 bedrooms, 7 bathrooms, 5,038 living square feet and 8,192 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The offering at 744 S Mansfield contains an excellent unit mix of (1) Four bedroom/Three bathroom townhouse, (1) One bedroom/one bathroom unit and (3) Studio apartments. Currently, only the One bedroom unit is rented allowing a new owner to immediately capture huge upside by leasing the remaining units at current market rental rates. *Please see private remarks for details regarding the properties occupancy and income and expenses* The 5,038 SF building sits on a 8,192 SF lot that is zoned R3 and was built in 1926. The wood frame/stucco property also features (4) covered parking spaces with storage. All of the units are very large and contain hardwood floors and unique built-ins, and all are separately metered for both electricity and gas. Situated in the prime Miracle Mile location just south of Wilshire Boulevard, tenants are only a short distance away from the The Grove, LACMA, and many of the nearby bustling shops and restaurants along the Wilshire Corridor. The property is also located 3 blocks away from the upcoming Metro Purple Line extension at La Brea Avenue and Wilshire Boulevard.

Listed by Joel Weissman | BRE #00658709 | J.A.M. Properties
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
8,192
HOA Dues
$0/mo
Year built
1926
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
SR19184731
City
Los Angeles
County
Los Angeles
Time on Site
1267 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,236
  • Total Rent: $1,236
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,550
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $14,832
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $24,312
  • Trash: $0
  • Insurance: $2,104
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 744 S Mansfield Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 5507027021
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Just south of Wilshire Blvd between Highland an La Brea
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 744 S Mansfield Ave

Last sold for $1,800,000 on September 16th, 2019

  • September, 2019

  • Sep 16, 2019

    Date

    Sold

    CRMLS: SR19184731

    $1,800,000

    Price

  • Aug 12, 2019

    Date

    Pending

    CRMLS: SR19184731

    $1,945,000

    Price

  • Aug 4, 2019

    Date

    Active

    CRMLS: SR19184731

    $1,945,000

    Price

  • September, 2019

  • Sep 16, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,800,000

    Price

Show More

Tax History for 744 S Mansfield Ave

Assessed Value (2020): $1,799,500
Year Land Value Improved Value Assessed Value
2020 $1,000,000 $799,500 $1,799,500

Home Value Compared to the Market

This property vs the competition

744 S Mansfield Ave sold on September 16, 2019 for 52.67% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $386.07 per/sqft which puts the price per square foot 51.19% lower than the current median sale per square foot for the city of Los Angeles.

About 744 S Mansfield Ave

Detailed summary of property

744 S Mansfield Ave is a multi family that recently sold in Los Angeles, CA 90036. This multi family property offered 5 bedrooms, 7 bathrooms, roughly 5,038 living square feet, and sits on an approximately 8,192 square foot lot. 744 S Mansfield Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,800,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 52.67% higher than the current median priced home. Local homes that are currently for sale include 1371 Masselin Ave, 4011 Country Club Dr and 1852 S La Brea Ave. While the average home in Los Angeles, CA is selling in 100 days, 744 S Mansfield Ave has a days on market of 9 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 744 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 744 S Mansfield Ave

Public county record property details
Beds
5
Baths
6
Year built
1926
Sq. Ft.
5,038
Lot Size
8,164
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
20,21
APN
5507-027-021

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
$2,150,000
Median List Price/Sq.Ft.
$963
Median Sold Price
$2,310,000
Median Sold Price/Sq.Ft.
$778
Total Inventory
40
Median Sale to List Price %
94.29%
Avg Days on Market
28
Loan Type
Conventional (0%), 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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