900 S Mansfield Avenue,  Los Angeles CA, 90036 (Residential Income)

8,168 sqft
Status: Sold
MLS#: 15920307
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Last Updated: 12/11/2016 2:57 AM
Description for 900 S Mansfield Avenue Los Angeles, CA 90036
FRENCH ECLECTIC TROPHY ASSET IN PRIME MIRACLE MILE/ SYCAMORE SQUARE AREA 3.98% Cap Rate & 17.53 GRM - 5.52% Pro Forma Cap Rate & 12.78 Pro Forma GRM. Royal Mansfield, a six unit multi-family property was constructed in 1937 and has been treasured and operated by the same family for 78 years. It features six well-maintained spacious apartment homes. The marquee front two story 3 bedrooms + 1.5 bathroom townhome is currently vacant and may provide an excellent opportunity for a buyer looking for an owner/user investment. It also features a 2 bedroom + 1.5 two story townhome, two 2 bedroom + 1 bathroom apartments, and two 1 bedroom + 1 bathroom apartments. Interiors are defined by their ornate period details, French casement windows, and original hardwood floors. Units feature over sized layouts with formal dining rooms, charming period kitchens and bathrooms, laundry rooms w/washer/dryer units, individual service porches, and individual water heaters. *SUBJECT TO CANCELLATION OF ESCROW
Price
Sold Price:
$2,550,000
Sold Date:09/28/2015
Los Angeles
8,168 (approx)
15920307
Closed
Description
FRENCH ECLECTIC TROPHY ASSET IN PRIME MIRACLE MILE/ SYCAMORE SQUARE AREA 3.98% Cap Rate & 17.53 GRM - 5.52% Pro Forma Cap Rate & 12.78 Pro Forma GRM. Royal Mansfield, a six unit multi-family property was constructed in 1937 and has been treasured and operated by the same family for 78 years. It features six well-maintained spacious apartment homes. The marquee front two story 3 bedrooms + 1.5 bathroom townhome is currently vacant and may provide an excellent opportunity for a buyer looking for an owner/user investment. It also features a 2 bedroom + 1.5 two story townhome, two 2 bedroom + 1 bathroom apartments, and two 1 bedroom + 1 bathroom apartments. Interiors are defined by their ornate period details, French casement windows, and original hardwood floors. Units feature over sized layouts with formal dining rooms, charming period kitchens and bathrooms, laundry rooms w/washer/dryer units, individual service porches, and individual water heaters. *SUBJECT TO CANCELLATION OF ESCROW
Listing Information
Property Type: Cluster, Other
0.23 Acres 10,139 sq.ft. 8,168 (approx)
$312.19 1937
Yes- 6 spaces
6 Total
Neighborhood
Room Information
Exterior / Lot Features
6 Garage Spaces, 6 Parking Spaces
LAR3
Driving Directions
Located in the Sycamore Square pocket within the trophy Miracle Mile District, on a prominent corner lot just two blocks south of Wilshire Blvd. and north of Olympic Blvd. The property is situated on a quiet residential tree lined street between La Brea >
Financial Considerations
5084006001
,$20,294
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90036 has a population of 3,804,503.

The median household income in Los Angeles, California 90036 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90036 is 34.1 years.

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Courtesy: Beitler Commercial Realty Serv Lawrence Cannizzaro
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