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About This Home
This 4-bedroom, 4-bathroom residential multi family at 1347 N Mansfield Ave in Los Angeles, CA is listed for $1,648,000 ($481 per sqft). Built in 1931, the home offers 3,424 sqft of living space on a 0.12 acres lot.
4-unit apartment building. Each large unit offers 1 bedroom, 1 bathroom, plus a spacious bonus room ideal as a den or second bedroom, along with walk-in closet. The property features a community laundry room, huge backyard/garden, camera system, upgraded electrical, copper plumbing, and a redwood foundation.
Most utilities are paid by tenant . Excellent developer opportunity. Potential to build up to 7 units totaling approximately 12,600 square feet across 4 stories, with the possibility of only one low-income unit required. Parking not required. Also you can keep all 4 units and build ADU in the back.
Buyer to verify all development potential and perform their own due diligence. Property is well managed. Two units are owner-occupied and can be delivered vacant. Remaining tenants are month-to-month. If desired by the buyer, the owner may remain as a tenant. This is a turn-key, pride-of-ownership asset and a strong addition to any investment or development portfolio.
Key Features
- Built in 1931
- 0.12 acre lot
- 4 stories
Property Details
Amenities
Monthly Cost Estimate
$8,814/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1347 N Mansfield Ave
Los Angeles, CA 90028
Property Details
Views
Cooling
Appliances
Questions & Answers
This 4-bedroom, 4-bathroom residential multi family at 1347 N Mansfield Ave is listed at $1,648,000 ($481/sqft). The estimated monthly payment is $7,141 based on 20% down at 6.5% interest.
Key features include: Built in 1931, 0.12 acre lot, 4 stories.
This property is listed by Elham Khani and can be reached at 3104675906 or elham_realtor@yahoo.com.