$2,550,000 Price Analysis   ♡   Los Angeles, CA 90036 8 bed 8 bath 8,429 SqFt ($302/SqFt) 9,321SqFt lot. Built 1931 Listed 2024-06-17, Taxes $4,091 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
931 S Mansfield is a charming French provincial 8 unit multi-family property in a highly sought after Miracle Mile and Mid Wilshire location.
The subject property is two stories, approximately 8, 429 SF and was built in 1930. This large property consists of 8 roomy 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 belw 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.
Presented by Errol Spiro at
Miller & Desatnik Realty Co.
Property MLS #24-404845 from TheMLSCLAW
Full Bathrooms: 8
Garage Description: Garage Is Detached
Parking Total: 7
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 9321
Calculated Total Monthly Association Fees: 0
Number of Units: 8
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 2558
County: Los Angeles
Directions: North of Olympic Blvd. and West of Highland Ave.
Source Property Type: Residential Income
Area: Hancock Park-Wilshire
Source Neighborhood: Hancock Park-Wilshire
Parcel Number: 5084-005-006
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $132,324 + $89,685 $222,009 | $4,091 |
| 2021 | $129,730 + $87,927 $217,657 | $3,995 |
| 2020 | $128,400 + $87,026 $215,426 | $4,015 |
| 2019 | $125,883 + $85,320 $211,203 | $3,910 |
| 2018 | $123,415 + $83,648 $207,063 | $3,770 |
| 2017 | $120,996 + $82,008 $203,004 | $3,670 |
| 2016 | $118,624 + $80,400 $199,024 | $3,494 |
| 2015 | $116,843 + $79,193 $196,036 | $3,459 |
| 2014 | $114,555 + $77,642 $192,197 | $3,556 |
| 2013 | $114,038 + $77,292 $191,330 | $3,540 |
| 2012 | $111,802 + $75,777 $187,579 | $3,582 |
| 2010 | $109,610 + $74,292 $183,902 | $3,582 |
| 2009 | $109,050 + $73,913 $182,963 | $3,467 |
| 2009 | $108,791 + $73,737 $182,528 | $3,467 |
| 2008 | $106,912 + $72,464 $179,376 | $3,369 |
| 2007 | $104,816 + $71,044 $175,860 | $3,243 |
$2,550,000
TheMLSCLAW
Listing removed 2014-02-21
$1,350
WestsideRentals
Listed for rent 2014-01-24
$1,350
WestsideRentals
Sold 1976-10-18
$100,000
Public Record
Year Built: 1931
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 93
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor
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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.