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Listed by Ryan Gonzalez • Lyon Stahl Investment Real Est
$1,645,000
Est. payment /mo
3,424 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,424 sqft
Price per Sqft $480
MLS Listing ID PW-26132327
Year Built 1931
Lot Size 5,231 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
We are pleased to present 1347 N Mansfield Ave, a 4 unit multi-family property located in the supply constrained neighborhood of Hollywood. Built in 1931, the subject property consists of 3,424 rentable square feet spread throughout a .12 acre lot. The building consists entirely of spacious 1-Bedrooms / 1-Bathroom units.
The property is in a prime location near major employers, sources reveal that this central Hollywood neighborhood has a higher income than 40.8% of the neighborhoods in America. The centralized location benefits from Media, Technology and Creative Office Boom in Hollywood/Miracle Mile. Future renters have a short commute to Major Employment Centers such as Beverly Hills, Century City, Hollywood and
Downtown Los Angeles.
The Central Hollywood neighborhood has tons of character, it is very unique that the concentration here of studios and other small living spaces is at near-record heights. In addition, 97.8% of the real estate in the Central Hollywood neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in the US.
This is an absolutely incredible opportunity to acquire a highly desirable multi-family asset in one of the most accessible locations in the city and would be a great addition to any investor's portfolio.
The property is in a prime location near major employers, sources reveal that this central Hollywood neighborhood has a higher income than 40.8% of the neighborhoods in America. The centralized location benefits from Media, Technology and Creative Office Boom in Hollywood/Miracle Mile. Future renters have a short commute to Major Employment Centers such as Beverly Hills, Century City, Hollywood and
Downtown Los Angeles.
The Central Hollywood neighborhood has tons of character, it is very unique that the concentration here of studios and other small living spaces is at near-record heights. In addition, 97.8% of the real estate in the Central Hollywood neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in the US.
This is an absolutely incredible opportunity to acquire a highly desirable multi-family asset in one of the most accessible locations in the city and would be a great addition to any investor's portfolio.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Interior
Laundry Common Area, Community
Exterior
Pool None
Community Features Biking, Curbs, Dog Park, Foothills, Hiking, Park, Sidewalks, Street Lights, Urban
Building
Lot Description Garden, Lawn, Back Yard
Sewer Public Sewer
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Nearby Locations
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900