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942 S Mansfield Ave 4 Unit Apartment Building $2,950,000 ($737,500/Unit) Los Angeles, CA 90036
Investment Highlights
- Beautiful 4-unit Spanish building in Hancock Park Adjacent area. One vacant 2BD/2BA unit delivered at close
- Ideal for owner/user or long term investor. Prime central location near museums, dining, and major employment centers
- 6,862 SF building on an 8,334 SF R3 lot
- 3 units leased with stable in-place income Strong rental demand and market-rate upside potential. with all newer tenants
- Large 2BD/2BA floor plans with classic architectural details
- 1928 character construction with desirable amenities
Executive Summary
Well-maintained 4-unit Spanish building in Miracle Mile/Hancock Park Adjacent area with one vacant unit delivered at close. Strong rental demand, stable in-place income, and clear upside through market-rate repositioning. Ideal for long term owner-user or investor seeking a centrally located character asset. Standard Sale Virtual Tour:
https://www.themls.com/properties/vt/CA/Los-Angeles/942-S-Mansfield-Ave/Residential-Income/26649695
https://www.themls.com/properties/vt/CA/Los-Angeles/942-S-Mansfield-Ave/Residential-Income/26649695
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$159,810
|
$23.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$159,810
|
$23.29
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $159,810 |
| Annual Per SF | $23.29 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $159,810 |
| Annual Per SF | $23.29 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $737,500 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 6,862 SF |
| Gross Rent Multiplier | 15.51 | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | Parking Ratio | 0.58/1,000 SF |
| Zoning | R3 | ||
| Price | $2,950,000 |
| Price Per Unit | $737,500 |
| Sale Type | Investment |
| Gross Rent Multiplier | 15.51 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.19 AC |
| Building Size | 6,862 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1928 |
| Parking Ratio | 0.58/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Hardwood Floors
- Walk-In Closets
- Breakfast Nook
- Dining Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $4,525 | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5084-006-008 | Improvements Assessment | $649,924 |
| Land Assessment | $1,903,359 | Total Assessment | $2,553,283 |
Property Taxes
Parcel Number
5084-006-008
Land Assessment
$1,903,359
Improvements Assessment
$649,924
Total Assessment
$2,553,283
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942 S Mansfield Ave
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