tomo logo

$3,000,000

Beds
8
sq ft
8,476

724 S Mansfield Ave, Los Angeles, CA 90036

724 S Mansfield Ave

Los Angeles, CA 90036

  • 73 days on market
    • Price drop $150,000↓
Los Angeles' historic Spanish-style architecture is imprinted throughout this beautiful Miracle Mile / Hancock Park block. The property is comprised of 12 units over two floors, across 8,476 SF, sitting on a LAR3-zoned 10,571 SF lot. Residents will enjoy a short walk to some of the city's best Restaurants, Lounges, and shopping centers, as well as the future Wilshire/LaBrea Metro Purple Line station, which will provide riders with underground metro access between Westwood and Downtown LA.

Details

Property type

Lot size

0.2427 acres

Price per sq ft

$354

Year built

1927

HOA

No

Price History

08/26/2024
CLAW

CLAW #24412953

Price change
$3,000,000
-4.76%
07/09/2024
CLAW

CLAW #24412953

Listed
$3,150,000

Schools & Community

Neighborhood: 

Mid City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Grandpoint Bank

Loan start date

October 2017

Original loan amount

$1,530,000

Est. remaining balance

Not provided

Interest rate

3.14%

Loan type

Commercial

Seller

724 Mansfield Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/20/2024 at 1:35 PM

Listing updated: 08/26/2024 at 4:02 PM

Listed by: Jacob Plewa, REMAX COMMERCIAL & INVESTMENT REALTY Phone #: (310) 802-2500

MLS: CLAW #24412953

CLAW logo

Recently listed in Los Angeles

$1,950,000|3 bd|3.5 ba|House
$1,385,000|5 bd|4.0 ba|House
$995,000|2 bd|1.0 ba|House
$2,550,000|3 bd|3.0 ba|House

Explore top cities in California