NOT LISTED FOR SALE

1237 N Mansfield Ave Unit 1 Los Angeles, CA 90038

Hollywood Neighborhood
12 Beds
12 Baths
6,834 Sq Ft
7,500 Sq Ft Lot

Last Sold March 12, 2015

Last sale price $1,995,840 $292 Per Sq Ft

18 Days on Market

Highlights

  • Gated Community
  • No HOA
  • Laundry Room
  • Contemporary Architecture
  • Ceramic Countertops
  • 6 Detached Carport Spaces

About This Home

As of March 2015

A property like this rarely ever comes on the market in this prestigious area! Fabulous, well-maintained building in the heart of Hollywood bordering West Hollywood. This building features 8 beautiful units each with spacious floor plans. There are 4 HUGE 1200 sq ft 2 bedroom/2 bath units and 4 large 650 sq ft 1 bedroom/1 bathroom units with 6 covered parking spaces. Each unit is separately metered too. Stable, great tenants with professional property management in place. There is an onsite laundry for tenant convenience and additional cash flow. The building has been recently painted and has no deferred maintenance. Awesome location close to the newly built West Hollywood Gateway shopping center, Hollywood production studios, the Hollywood Bowl and Sunset Blvd nightlife/attractions.

Last Agent to Sell the Property

Eric Greene

Keller Williams Coastal Prop. License #01358668 Listed on: 01/05/2015

Keller Williams Coastal Prop.

Last Buyer's Agent

John Kerrigan

John Kerrigan License #00919430

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 7,500 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Fence is in good condition

Home Design

  • Contemporary Architecture
  • Turnkey
  • Raised Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 6,834 Sq Ft Home
  • 2-Story Property
  • Drapes & Rods
  • Window Screens

Kitchen

  • Gas Range
  • Ceramic Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Parking Spaces
  • 6 Detached Carport Spaces
  • Parking Available
  • Auto Driveway Gate
  • Driveway
  • Parking Lot
  • Off-Street Parking

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 5532008018

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,600
  • Gardener Expense $1,020
  • Insurance Expense $3,000
  • Maintenance Expense $2,151
  • Pest Control $450
  • Trash Expense $1,463
  • Water Sewer Expense $3,393
  • New Taxes Expense $22,000
  • Gross Income $9,814
  • Net Operating Income $81,079

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Property Attached: No
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 3393.00
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 1020.00
  • Parcel Number: 5532008018
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceramic Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 292.05
  • Window Features: Drapes, Screens

Exterior Features

  • Foundation: Raised
  • Fencing: Good Condition, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Auto Driveway Gate, Covered, Detached Carport, Driveway, Off Street, Parking Space
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available, Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Community, Individual Room
  • Pest Control Expense: 450.00
  • Trash Expense: 1463.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 650
  • Average2 Bed Area: 1200
  • Electric Expense: 1600.00
  • Gross Income: 9814.00
  • Gross Multiplier: 17.00
  • Gross Scheduled Income: 117659.00
  • Insurance Expense: 3000.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 7500.0000 Square Feet
  • Maintenance Expense: 2151.00
  • Net Operating Income: 81079.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 36580.00
  • Rent Control: Yes
  • Total Actual Rent: 9814.00

Tax Info

  • New Taxes Expense: 22000.00
  • Tax Lot: 1
  • Tax Tract Number: 1
  • Tax Year: 2014

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2015 03/12/15 Sold $1,995,840 -0.2% $292 / Sq Ft
01/23/2015 01/23/15 Pending -- -- --
01/05/2015 01/05/15 For Sale $1,999,900 -- $293 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2015

    Eric Greene

    Keller Williams Coastal Prop.

    Section Image

  • J

    Buyer's Agent in 2015

    John Kerrigan

    John Kerrigan

    (310) 383-2994

    1 in this area

    7 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15002020

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90038 Hollywood

1237 N Mansfield Ave Unit 1, Los Angeles, CA

This home is located at 1237 N Mansfield Ave Unit 1, Los Angeles, CA 90038 since 05 January 2015. This property was built in 1957. 1237 N Mansfield Ave Unit 1 is a home located in Los Angeles County with nearby schools including Gardner Street Elementary School, Hubert Howe Bancroft Middle School, and Hollywood Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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