$1325000 Price Analysis   ♡   Los Angeles, CA 90016 4 bed 4 bath 2630 SqFt ($503/SqFt) 4809SqFt lot. Built 1924 Listed 2024-04-09, Taxes $9535 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
$70, 000 Price Reduction!
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 extraordinry 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 5.69% 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.
Presented by Aaron Jacobson at
Lyon Stahl Investment Re, Inc.
Property MLS #SB24046074 from CRMLS
Lot Size Acres: 0.1103994
Lot Size Source: Assessor
Lot Size Square Feet: 4809
Bedrooms in Unit-1: 2
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Maintenance Expense: 2600.00
Rent Control: Yes
County: Los Angeles
Cap Rate: 5.69
Source Property Type: Residential Income
Insurance Expense: 2236.00
Area: C16 - Mid Los Angeles
Source Neighborhood: C16 - Mid Los Angeles
New Taxes Expense: 16165.00
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Parcel Number: 5049015028
Pest Control Expense: 600.00
Zoning: RD 1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $144000 + $647000 $791000 | $9535 |
| 2021 | $12876 + $21710 $34586 | $707 |
| 2020 | $127344 + $573052 $700396 | $709 |
| 2019 | $124848 + $561816 $686664 | $8362 |
| 2018 | $122400 + $550800 $673200 | $8306 |
| 2017 | $12009 + $20249 $32258 | $640 |
| 2016 | $11774 + $19852 $31626 | $607 |
| 2015 | $11598 + $19554 $31152 | $601 |
| 2014 | $11371 + $19171 $30542 | $627 |
| 2013 | $11320 + $19085 $30405 | $621 |
| 2012 | $11099 + $18711 $29810 | $628 |
| 2010 | $10882 + $18345 $29227 | $634 |
| 2009 | $10827 + $18252 $29079 | $610 |
| 2009 | $10801 + $18208 $29009 | $610 |
| 2008 | $10615 + $17895 $28510 | $595 |
| 2007 | $10407 + $17545 $27952 | $573 |
$1325000
CRMLS
Relisted 2024-06-28
$1349000
CRMLS
Listing removed 2024-06-27
$0
CRMLS
Price Changed 2024-06-11
$1349000
CRMLS
Price Changed 2024-05-29
$1375000
CRMLS
Listed 2024-04-09
$1395000
CRMLS
Listing removed 2023-07-11
$0
TheMLSCLAW
Price Changed 2023-06-22
$869000
TheMLSCLAW
Price Changed 2023-05-03
$875000
TheMLSCLAW
Price Changed 2023-04-04
$895000
TheMLSCLAW
Listed 2023-03-02
$945000
TheMLSCLAW
Listing removed 2022-08-25
$0
TheMLSCLAW
Listing removed 2022-08-25
$0
TheMLSCLAW
Listed 2022-07-25
$975000
TheMLSCLAW
Price Changed 2022-07-19
$975000
TheMLSCLAW
Listed 2022-06-22
$995000
TheMLSCLAW
Sold 2021-08-17
$635000
Public Record
Listing removed 2020-12-04
$0
CRMLS
Price Changed 2020-09-29
$799900
CRMLS
Price Changed 2020-09-22
$809900
CRMLS
Price Changed 2020-09-02
$849900
CRMLS
Price Changed 2020-07-13
$899900
CRMLS
Listed 2020-07-03
$944900
CRMLS
Year Built: 1924
Building Features: 2
Common Walls: No Common Walls
Entry Level: 1
Entry Location: Front
Property Age: 100
Building Total Stories: 1
Structure Type: Quadruplex
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 1600.00
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.