1301 N Mansfield Avenue, Los Angeles, CA 90028 - Berkshire Hathaway HomeServices California Properties
1301 N Mansfield Avenue Los Angeles, CA 90028
$4,250,000 23 beds, 22 baths
14, 668 sqft

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# 25539531
List price is $4,250,000
Beds: 23
Baths: 22
Built in 1966
14,668 sqft
0.28 acres
Lot size: 0.2776
County: Los Angeles
Property style: Mid-Century Modern
Zoning: LAR3
Appliances: Refrigerator
Parking description: Covered,Gated
Heating/cooling: Wall/Window Unit(s)
Heating description: Wall Furnace
MLS area: C20 - Hollywood

Last Updated: 6/24/2025

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This listing belongs to the C20 - Hollywood MLS area

The style of this listing is Mid-Century Modern.
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Lat/Long: 34.094559, -118.340762.
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Listing Agent: Kenny Stevens
Co Listing Agent: Jeremy Kaiser
Lic#: 01234982
Office Name: Mission Viejo

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