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    750 S Mansfield Avenue

    Los Angeles, CA 90036
    • $2,285,000
    • STATUS: Active
    • ON SITE: 102 days
    • ID#: SR20170673
    Price Reduced
    UPDATED: 33 min ago
    $2,285,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,458
      SQFT
    • $419
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1926
    County:

    School Ratings & Info

    Description

    MASSIVE PRICE REDUCTION! PROPERTY CAN NOW BE DELIVERED FULLY VACANT JAN.2021!! Huge opportunity for investor to stabilize with market rents. Development potential with TOC and R3 zoning by right. Owner occupancy with additional family in second unit OR a market rate tenant of offset mortgage! Take advantage of historical low interest rates and this incredibly high rent submarket. Located adjacent to coveted Hancock Park, this side by side Spanish duplex is situated on a large corner lot. Each unit feels like it's own private home with 4 bedrooms and 3 baths. Units are highlighted by a grand entry, living and dining rooms with beamed ceilings, fireplace and private balcony from primary bedroom. Each unit is approximately 2,729 sq.ft and the lot size is 7,923 sq ft per assessor. The mature private landscaping and hedges provide privacy and solace, with each unit having its own detached single car garage. Great opportunity as income producing property or opportunity to develop and leverage some of the many concessions from the city! Buyer and their agents to verify all information. Please do not disturb current tenant.

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    Based on information from CRISNet MLS as of 2020-12-05T09:56:26.66. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-12-05T09:56:26.66. 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/109345720
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    750 S Mansfield Avenue Los Angeles, CA 90036

    • Price: $2,285,000
    • Status: Active
    • Updated: 33 min ago
    • ID#: SR20170673
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    5,458
    SQFT
    $419
    $/SQFT
    1926
    Built
    Neighborhood:
    Hpk - Hancock Park
    County:
    Los Angeles
    Area:
    Hpk - Hancock Park
    Property Description
    MASSIVE PRICE REDUCTION! PROPERTY CAN NOW BE DELIVERED FULLY VACANT JAN.2021!! Huge opportunity for investor to stabilize with market rents. Development potential with TOC and R3 zoning by right. Owner occupancy with additional family in second unit OR a market rate tenant of offset mortgage! Take advantage of historical low interest rates and this incredibly high rent submarket. Located adjacent to coveted Hancock Park, this side by side Spanish duplex is situated on a large corner lot. Each unit feels like it's own private home with 4 bedrooms and 3 baths. Units are highlighted by a grand entry, living and dining rooms with beamed ceilings, fireplace and private balcony from primary bedroom. Each unit is approximately 2,729 sq.ft and the lot size is 7,923 sq ft per assessor. The mature private landscaping and hedges provide privacy and solace, with each unit having its own detached single car garage. Great opportunity as income producing property or opportunity to develop and leverage some of the many concessions from the city! Buyer and their agents to verify all information. Please do not disturb current tenant.
    Exterior Features

    Architectural Style Spanish Lot Features Corner LotLandscapedLawnSprinkler System Lot Size Area 7923.0000 Parking Features Garage Parking Total 2.00 Parking YN Yes Roof Spanish Tile

    Interior Features

    Appliances DishwasherMicrowaveRefrigerator Appliances YN Yes Common Walls 1 Common Wall Cooling See Remarks Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Heating Central Heating YN Yes Interior Features Beamed CeilingsTile Counters Laundry Features Inside Laundry YN Yes Room Type Living Room

    Property Features

    Additional Parcels YN No Community Features Sidewalks Electric Expense 0.00 Fuel Expense 0.00 Gross Income 44640.00 Gross Scheduled Income 156000.00 Inclusions All Appliances including Washer/Dryer. Insurance Expense 2905.00 Land Lease YN No Net Operating Income 36566.00 New Construction YN No New Taxes Expense 29700.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 1 Operating Expense 36566.00 Pool Features None Pool Private YN No Property Attached YN Yes Rent Control YN Yes Security Features Window Bars Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 36566.00 Trash Expense 0.00 Water Sewer Expense 3961.00 Water Source Public Zoning Lar3

    Listing provided courtesy of Jillian Johnson, CA DRE# , of Coldwell Banker Realty.


    Based on information from CRISNet MLS as of 2020-12-05T09:56:26.66. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-12-05T09:56:26.66. 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