About 2747 S Mansfield Ave
2747 S Mansfield Ave is a 4-Plex with 2 newly constructed units and will be delivered with 50% of units tenant ready by close of escrow. The property is nestled in the thriving West Adams pocket of Los Angeles. This property showcases an extraordinary unit mix of (1) 2-Bed/1-Bath, (2) 1-Bed/1-Bath, and (1) Studio Unit, catering perfectly for today's renters. Highlighted by a massive 1,314 SF 2-Bed/1-Bath front unit, this asset is ideal for an owner/user to live in a newly remodeled unit and cash flow from the remaining three. The offering presents any investor or owner/user the opportunity to acquire an incredible 4-Plex in one of LA's most sought after neighborhoods. Notably, the (2) 1-Bed/1-Bath units are newly constructed ADUs, exempt from any rent control laws, adding a valuable element to this investment opportunity. The ADUs and the renovated 2-Bed/1-Bath unit all tenant ready, this asset will cash flow at a 5.36% cap rate for an investor. West Adams is a historic neighborhood known for its rich architectural heritage and diverse cultural history. The area is home to a variety of shops, restaurants, and services that contribute to its vibrant community. This asset is minutes from N/Soto, Mizlala, Highly Likely, Cento Pasta Bar, and more.
Features of 2747 S Mansfield Ave
MLS® # | SB24046074MR |
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Price | $1,395,000 |
Bedrooms | 4 |
Bathrooms | 4.00 |
Square Footage | 2,630 |
Acres | 0.11 |
Year Built | 1924 |
Type | Residential Income |
Sub-Type | Fourplex |
Status | Active |
Community Information
Address | 2747 S Mansfield Ave |
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Area | Mid Los Angeles |
City | LOS ANGELES |
County | Los Angeles |
State | CA |
Zip Code | 90016 |
Amenities
Parking Spaces | 1 |
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Is Waterfront | No |
Has Pool | No |
Pool | None |
Interior
Fireplace | No |
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# of Stories | 1 |
Has Basement | No |
Additional Information
Date Listed | April 9th, 2024 |
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Days on Market | 38 |
Zoning | RD 1.5 |
Foreclosure | No |
RE / Bank Owned | No |
Listing Details
Agent | Aaron Jacobson (02100737) |
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Office | Lyon Stahl Investment Real Estate, Inc. |