2917 S Mansfield Ave 8 Unit Apartment Building $2,057,920 CAD ($257,240 CAD/Unit) Los Angeles, CA 90016

Caskey Real Estate Group is proud to present 2917 S. Mansfield Ave, an eight-unit multifamily opportunity located in the West Adams neighborhood, one of Los Angeles’ most dynamic and fast-evolving submarkets. Over the past several years, West Adams has become a highly sought-after location for both residents and investors due to its central position, ongoing revitalization, and strong rental demand.
This property provides a blend of stability, rental upside, and long-term development potential. The building offers a balanced and desirable unit mix that includes two 2-bed, 1-bath units and six 1-bedroom, 1-bath units. The total building is approximately 5,852 square feet, situated on a 7,216 SF lot that is zoned LAR3. (buyers to verify).
The property is subject to the City of Los Angeles Rent Stabilization Ordinance (RSO). This creates an opportunity for a new owner to implement strategic improvements, enhance unit interiors, and capitalize on natural rent growth over time. With current annual gross income of approximately $91,000, investors will benefit from immediate in-place cash flow while planning for long-term value enhancement.
The combination of location, zoning, and income potential positions 2917 S. Mansfield Ave as a solid acquisition for value-add operators, multifamily investors, and seasoned portfolio builders. This offering underscores the ongoing strength of the West Adams market and provides a rare opportunity to acquire a well-located asset with strong future growth potential.