Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

919 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Price Reduced | West Adams | 4 Units 2749 S Mansfield Ave

4 Unit Block of Flats £1,005,975 (£251,494/Unit) 6.15% Net Initial Yield Los Angeles, CA 90016

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Unit mix of 2 one-bedroom 1 bath units, 1 two-bedroom 1 bath unit, and 1 studio unit.

Immediate opportunity for an owner user to live in one unit and rent out the others

Executive Summary

PRICE REDUCED! We are pleased to present a turn-key 4-unit property (2 NEW AND VACANT units) located in the highly desirable West Adams neighborhood. The building currently operates at a 6.15% CAP and 11.92 GRM on current rents (assuming market for the vacant units)! The property consists of two separate, single-story structures built in 1924 and 2024 (two new build ADUs) with a unit mix of 2 one-bedroom 1 bath units, 1 two-bedroom 1 bath unit, and 1 studio unit. With two vacant renovated units, there is an immediate opportunity for an owner user to live in one unit and rent out the others, or for an investor to capture immediate upside and re-rent both units at market rents in a highly coveted and proven submarket.
This opportunity is located just South of Adams Blvd and West of La Brea Ave in very close proximity to one of the trendiest corridors in Los Angeles. Located a short walk away from numerous iconic West Adams restaurants, including Tartine, Alta, Mizlala, Farmhouse Kitchen, Chulita, and Cento, this property is strategically situated nearby a booming corridor that consists of restaurants, new hotels, art galleries, and production studios throughout. Contact the listing broker to coordinate a tour.

2747 S Mansfield - OM

Property Facts

Price	£1,005,975	Apartment Style	Low Rise
Price Per Unit	£251,494	Building Class	C
Sale Type	Investment	Lot Size	0.22 AC
Net Initial Yield	6.15%	Building Size	2,630 SF
Gross Rent Multiplier	11.92	Average Occupancy	50%
No. Units	4	Number of Floors	1
Property Type	Residential	Year Built	1924
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£1,005,975
Price Per Unit	£251,494
Sale Type	Investment
Net Initial Yield	6.15%
Gross Rent Multiplier	11.92
No. Units	4
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.22 AC
Building Size	2,630 SF
Average Occupancy	50%
Number of Floors	1
Year Built	1924
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.