$3,900,000
SOLD JUL 22, 2025
23 Beds
22 Baths
14,668 Sq Ft
0.28 Acres

Recently Sold

$266 Per Sq Ft

8% Below List Price

39 Days on Market

Highlights

  • Gated Parking
  • Built-In Features
  • Laundry Facilities
  • Midcentury Modern Architecture
  • Card or Code Access
  • Gated Home

About This Home

As of July 2025

First time on the market in over 40 years, 1301 N. Mansfield presents a timeless mid-century apartment complex with thoughtful modern upgrades, located in a prime Hollywood location (corner of Fountain and Mansfield). Located just west of Highland Ave, 1301 N. Mansfield offers investors an opportunity to acquire a well-maintained 19-unit complex situated between the local hotspots and employment epicenters of West Hollywood (0.5 miles from Santa Monica & La Brea) and the greater Hollywood Media District (0.6 mile from Hollywood & Highland). Offered at $223K per unit, the financials are just as appealing as the location. Current rents yield a 5.45% CAP, and with approx. 26% rental upside, investors can achieve a 7.73% CAP and 8.75 GRM once stabilized. The unit mix includes (6) 2-bed/1.5-bath, (11) 1-bed/1-bath, and (2) studios. Please note, 2 units will be delivered vacant. Interiors feature oversized windows, private balconies, and an open-style floor plan. Units average approx. 800 SF, offering ample space, charm, and natural light. Major capital improvements include, electric appliances, a new roof, copper repipe, soft-story retrofit, and SB-721 compliant balconies (buyer to verify). Capital improvements include electric appliances, copper repipe, soft-story retrofit, and SB-721-compliant balconies (buyer to verify). 1301 N. Mansfield combines strong in-place fundamentals, significant upside, and unbeatable proximity to LA's top-tier cultural, entertainment, and employment hubs.

Last Agent to Sell the Property

Kenny Stevens

Compass License #01090251 Listed on: 05/15/2025

Compass

Co-Listed By

Jeremy Kaiser

Compass License #01725819

Last Buyer's Agent

Kenny Stevens

Compass License #01090251 Listed on: 05/15/2025

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 0.28 Acre Lot
  • East Facing Home
  • Gated Home

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 14,668 Sq Ft Home
  • 3-Story Property
  • Built-In Features

Kitchen

  • Oven or Range
  • Freezer

Bedrooms and Bathrooms

  • 23 Bedrooms
  • 22 Bathrooms

Parking

  • 21 Parking Spaces
  • 21 Covered Spaces
  • Covered Parking
  • Gated Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 19 Units
  • Laundry Facilities
  • Rent Control
  • Card or Code Access

Listing and Financial Details

  • Assessor Parcel Number 5548-023-049

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Levels: Three Or More
  • Street Number Display: Yes
  • Alley: No
  • Living Area: 14668
  • Price Per Unit: 223684.00
  • Stories: 3
  • Year Built: 1966
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 23
  • Common Walls: Attached
  • Laundry: Community
  • Total Bathrooms: 22.00
  • Equipment: Built-Ins, Freezer, Range/Oven, Refrigerator
  • Price Per S Q F T: 289.75

Exterior Features

  • Direction Faces: East
  • Other Structures: None
  • View: No

Garage/Parking

  • Covered Parking: 21
  • Parking Garage: Covered Parking, Gated
  • Total Parking: 21

Utilities

  • Cooling: Wall/Window
  • Heating: Wall
  • Security: Card/Code Access, Gated

Lot Info

  • Assessor Parcel Number: 5548-023-049
  • Lot Size Area: 12093

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 10.99
  • Number Of Units: 19
  • Rent Control: 100
  • Total Annual Expense: 145670
  • Type Of Units: Apartments
  • Vacancy Rate: 2 units

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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
07/26/2025 07/26/25 Off Market -- -- --
07/22/2025 07/22/25 Sold $3,900,000 0.0% $266 / Sq Ft
07/19/2025 07/19/25 For Rent -- -- --
06/23/2025 06/23/25 Pending -- -- --
05/15/2025 05/15/25 For Sale $4,250,000 -- $290 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25539531

The MLS