Listing provided courtesy of Errol Spiro of Miller & Desatnik Realty Co.. Last updated 2024-09-18 08:11:27.000000. Listing information © 2024 CLAW.
Asking Price: $2,550,000
931 Mansfield, Los Angeles CA 90036
Community: C18 - Hancock Park-Wilshire
This property was built in 1931 and is priced at $2,550,000. Please see the additional details below.
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.