744 S Mansfield Avenue, Los Angeles, CA 90036

The offering at 744 S Mansfield contains an excellent unit mix of (1) Four bedroom/Three bathroom townhouse, (1) One bedroom/one bathroom unit and (3) Studio apartments. Currently, only the One bedroom unit is rented allowing a new owner to immediately capture huge upside by leasing the remaining units at current market rental rates. *Please see private remarks for details regarding the properties occupancy and income and expenses*The 5,038 SF building sits on a 8,192 SF lot that is zoned R3 and was built in 1926. The wood frame/stucco property also features (4) covered parking spaces with storage. All of the units are very large and contain hardwood floors and unique built-ins, and all are separately metered for both electricity and gas.Situated in the prime Miracle Mile location just south of Wilshire Boulevard, tenants are only a short distance away from the The Grove, LACMA, and many of the nearby bustling shops and restaurants along the Wilshire Corridor. The property is also located 3 blocks away from the upcoming Metro Purple Line extension at La Brea Avenue and Wilshire Boulevard.