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    1237 N Mansfield Ave

    Los Angeles, CA 90038
    • $2,750,000
    • STATUS: Active
    • ON SITE: 42 days
    • ID#: 20-648358
    Price Reduced
    UPDATED: 55 min ago
    $2,750,000
    • 12
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,834
      SQFT
    • $402
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:
    Area:

    School Ratings & Info

    Description

    Great 8 unit apartment building located in an excellent area of Hollywood, close to the motion picture post production businesses and studios. Eight separately metered units, four 2 bedroom / 2 bath units and four 1 bedroom / 1 bath units. Upgraded and recently completely re-piped with copper pipes. Property is very well maintained with 6 space carport parking, a possibility for an additional parking space, and a gated driveway entrance. Building has lots of upside potential for rent increases in this area of Hollywood. Apartment 6 will be vacated in mid December 2020 and the rent in that unit can be raised to a market rent of $1800. / month which is now factored into the new gross income of $173,328. / year.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-29T08:44:08. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/111127033
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    1237 N Mansfield Ave Los Angeles, CA 90038

    • Price: $2,750,000
    • Status: Active
    • Updated: 55 min ago
    • ID#: 20-648358
    12
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    6,834
    SQFT
    $402
    $/SQFT
    1957
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    Great 8 unit apartment building located in an excellent area of Hollywood, close to the motion picture post production businesses and studios. Eight separately metered units, four 2 bedroom / 2 bath units and four 1 bedroom / 1 bath units. Upgraded and recently completely re-piped with copper pipes. Property is very well maintained with 6 space carport parking, a possibility for an additional parking space, and a gated driveway entrance. Building has lots of upside potential for rent increases in this area of Hollywood. Apartment 6 will be vacated in mid December 2020 and the rent in that unit can be raised to a market rent of $1800. / month which is now factored into the new gross income of $173,328. / year.
    Exterior Features

    Carport Spaces Total 6 Covered Parking 6 Direction Faces East Exterior Construction Stucco Lot Size Area 7500 Other Structures Other Parking Garage CarportDriveway Gate Pool Description None Pool YN No Roof Shingle Style Contemporary Total Parking 6 View Description None View YN No

    Interior Features

    Baths Total 12.00 Cooking Appliances Gas/Electric RangeOven Cooling Wall Unit(S) Den No Dining Room No Equipment Range/OvenRefrigeratorGarbage Disposal Family Room No Fireplace Rooms None Flooring HardwoodTileCarpet Heating Wall Laundry Community Laundry Equipment Lease Rooms Dining AreaMaster BedroomLiving Room Water Heater Features Gas

    Property Features

    Assessed Total Value 2066801 Gross Income 173328 Gross Operating Income 173328 Like Units1 4 Like Units2 4 Net Operating Income 126528.00 Number Of Buildings 1 Number Of Units 8 Owner Pays GardenerWaterOther Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Security Features Gated Sewer In Street Paid Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGas Total Annual Expense 46800 Type Of Units 2 And 1 Water Meter On PropertyDistrict Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of John Kerrigan DRE#00919430 of John Kerrigan.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-29T08:44:08. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211