Los Angeles, CA 90016,2747 S Mansfield AVE
$1,250,000
Est. payment /mo
Est.Price: ?

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4 Beds
4 Baths
2,630 SqFt
SOLD DATE : 01/04/2025

Key Details

Sold Price $1,250,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,630 sqft

Price per Sqft $475

MLS Listing ID 24465517

Bedrooms 4

Year Built 1924

Lot Size 4,809 Sqft

Property Description

We are pleased to present a turn-key 4-unit property (2 NEW AND VACANT units) located in the highly desirable West Adams neighborhood. The building currently operates at a 6.15% CAP and 11.92 GRM on current rents (assuming market for the vacant units)! The property consists of two separate, single-story structures built in 1924 and 2024 (two new build ADUs) with a unit mix of 2 one-bedroom 1 bath units, 1 two-bedroom 1 bath unit, and 1 studio unit. With two vacant renovated units, there is an immediate opportunity for an owner user to live in one unit and rent out the others, or for an investor to capture immediate upside and re-rent both units at market rents in a highly coveted and proven submarket. This opportunity is located just South of Adams Blvd and West of La Brea Ave in very close proximity to one of the trendiest corridors in Los Angeles. Located a short walk away from numerous iconic West Adams restaurants, including Tartine, Alta, Mizlala, Farmhouse Kitchen, Chulita, and Cento, this property is strategically situated nearby a booming corridor that consists of restaurants, new hotels, art galleries, and production studios throughout. Contact the listing broker to coordinate a tour.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD1.5

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Concrete

Building

New Construction No

Others

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Casey Lins • Kidder Mathews of California, Inc.
Bought with Jesse Yang • American Home Realty

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agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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