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

$2,550,000
  • 8 Beds
  • 8 Baths
  • 8,429 Sq.Ft.
For Sale
$2,550,000 Get Pre-Qualified
Map preview of 931 S Mansfield Ave, Los Angeles, CA 90036

Property Overview: 931 S Mansfield Ave Los Angeles, CA has 8 bedrooms, 8 bathrooms, 8,429 living square feet and 9,321 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: 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.

Listed by Errol Spiro | BRE #00893163 | Miller & Desatnik Realty Co.
Last checked: 11 minutes ago | Last updated: June 25th, 2024 | Source CRMLS | DOM: 9
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Home details

Lot Sq. Ft
9,321
HOA Dues
$0/mo
Year built
1931
Garage
7 Car
Property Type:
Multi Family
Status
Active
MLS#
24404845
City
Los Angeles
County
Los Angeles
Time on Site
8 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,886
  • Total Rent: $15,087
  • Pro Forma/Market Rent: $2,558
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.08
  • Gross Scheduled Income: --
  • Net Operating Income: $105,613
  • Gross Operating Income: $175,613
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 931 S Mansfield Ave

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Property Details for 931 S Mansfield Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 7
  • # of Parking Spaces: 7
Property Information
  • Total # of Units: 8
  • Parcel Number: 5084005006
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Olympic Blvd. and West of Highland Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 931 S Mansfield Ave

View property's historical transactions

  • June, 2024

  • Jun 17, 2024

    Date

    Active

    CRMLS: 24404845

    $2,550,000

    Price

Tax History for 931 S Mansfield Ave

Assessed Value (2020): $217,826
Year Land Value Improved Value Assessed Value
2020 $87,026 $130,800 $217,826

Home Value Compared to the Market

This property vs the competition

931 S Mansfield Ave is listed 104.16% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $302.53 per/sqft which puts the price per square foot 61.11% lower than the median price per square foot for the city of Los Angeles.

About 931 S Mansfield Ave

Detailed summary of property

931 S Mansfield Ave is a multi family located in Los Angeles, CA 90036 and is currently for sale. This multi family property offers 8 bedrooms, 8 bathrooms, roughly 8,429 living square feet, and sits on an approximately 9,321 square foot lot. 931 S Mansfield Ave was first listed on ArdentRealEstateGroup.com on June 17, 2024. The homeowner is currently asking $2,550,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 104.16% higher than the median priced home. Local competing homes currently for sale include 4400 W Washington Blvd, 924 S Orange Grove Ave and 2008 Vineyard Ave. While the average home in Los Angeles, CA is selling in 98 days, 931 S Mansfield Ave has a days on market of 9 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 931 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 931 S Mansfield Ave

Public county record property details
Beds
12
Baths
12
Year built
1931
Sq. Ft.
8,429
Lot Size
9,317
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
5084-005-006

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.
$932
Median Sold Price
$1,490,000
Median Sold Price/Sq.Ft.
$878
Total Inventory
46
Median Sale to List Price %
99.33%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (26.32%), Other (21.05%)

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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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