A LA Multifamily success story in Hollywood
19 Units in Hollywood, Sold in 64 Days
1301 N Mansfield Ave, Los Angeles, CA 90028
The sale of 1301 N Mansfield Ave marks our 17th Los Angeles multifamily transaction in 2025, and another listing that sold in under 90 days.
Offering Price
$3,900,000
City
Hollywood
Current CAP
6.04
Price per unit
$205,263
Lot Size
12,093 SF
1301 N Mansfield Ave
Offering Price
$3,900,000
Number of Units
19 Units
Bldg. Size
14,558 SF
Price per Foot
$266
Year Built
1966
Market CAP
8.53
Zoning
LAR3
Background
Just west of Highland Avenue, 1301 N. Mansfield offered an ideal blend of location, unit mix, and long-term upside. The mid-century 19-unit property features (6) 2-bdrm, (11) 1-bdrm, and (2) studio units; two of which were delivered vacant and renovated. Situated on the edge of the Hollywood Media District, and blocks from West Hollywood, the building was walkable to Santa Monica & La Brea, and just minutes from entertainment jobs and nightlife. Upgrades include copper plumbing, SB-721-compliant balconies, and electric appliances.
The listing came through a Compass agent based in Northern California, who also happened to be the Seller's son-in-law. The family had owned the property for several decades and was looking to exchange into a more passive investment. As both a trusted advisor and family member, he stayed closely involved throughout the process; and leaned on our team’s experience to bring the deal across the finish line.
Result
Despite a thoughtfully maintained asset and two move-in-ready vacancies, the market headwinds were real. Buyer interest has become increasingly cautious, particularly in Hollywood, where underwriting standards continue to tighten. Several offers came in, and we ultimately identified an exchange buyer who had just closed on a development project in Brentwood and was ready to deploy capital into a stable, income-generating asset.
1301 N. Mansfield closed at $3,900,000, just 64 days after we signed the listing agreement. This marks our 17th transaction of the year and another listing that closed in under 90 days.
