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942 S Mansfield Ave 4 Unit Apartment Building $3,454,618 CAD ($863,654 CAD/Unit) Los Angeles, CA 90036



Investment Highlights
- Beautiful 4-unit Spanish building in Hancock Park Adjacent area.
- Prime central location near museums, dining, and major employment centers
- 6,862 SF building on an 8,334 SF R3 lot
- 4 units leased with newer professional tenants. 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
Beautiful Spanish Mediterranean Quadruplex in the Hancock Park Area. First time on the market in over a decade, this beautiful property presents a rare opportunity to acquire a high-performing 4-unit multifamily property with high in-place income and timeless architectural appeal. All 4 units are occupied by professional newer tenants offering an exceptional investor opportunity. All of the units are spacious and feature abundant natural light, hardwood floors, treetop/greenbelt views, patios an updated open-concept kitchen with premium finishes, in-unit laundry, central HVAC, and a private balconies. Secure garage parking included. Located on a beautiful lush tree lined street in the highly sought-after Hancock Park/Miracle Mile corridor, the property offers close proximity to museums, dining, shopping, and major transit. A rare blend of charm, stability, and long-term upside in one of Los Angeles' most desirable neighborhoods.. Ideal for long term owner-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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$220,921
|
$32.19
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$220,921
|
$32.19
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $220,921 |
| Annual Per SF | $32.19 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $220,921 |
| Annual Per SF | $32.19 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $3,454,618 CAD | Building Class | B |
| Price Per Unit | $863,654 CAD | 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 |
| Apartment Style | Low-Rise | ||
| Zoning | R3 | ||
| Price | $3,454,618 CAD |
| Price Per Unit | $863,654 CAD |
| Sale Type | Investment |
| Gross Rent Multiplier | 15.51 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| 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 | $6,255 CAD | - |
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 | $890,207 CAD |
| Land Assessment | $2,607,050 CAD | Total Assessment | $3,497,257 CAD |
Property Taxes
Parcel Number
5084-006-008
Land Assessment
$2,607,050 CAD
Improvements Assessment
$890,207 CAD
Total Assessment
$3,497,257 CAD
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942 S Mansfield Ave
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