2235 S Mansfield Avenue, Los Angeles, California 90016, Los Angeles, 90016 - 5 bed, 3 bath

2235 S Mansfield Avenue, Los Angeles, California 90016 home-pic-0
ACTIVE$1,799,000
2235 S Mansfield Avenue, Los Angeles, California 90016
5Beds
3Baths
2,012Sqft
5,162Lot
Year Built
1924
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$894
HOA
-
Days on market
-
Sold On
-
MLS number
25532121
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 35% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.80M(99th), sqft - 2012(81th), beds - 5(90th), baths - 3(73th).

Newly renovated amazing home with ADU in Mid City. This income possibility property exudes luxury and style with a recent full renovation and refinishing. Experience this exquisitely finished main house with 3 bedrooms and 2 baths with open flow California style interiors of top quality finishes and amenities. Featuring Shell Beach colored Engineered Hardwood Floors, Custom Built White Oak Cabinets, Kitchen Aid Appliances, Bedrosian Quartzite Taj Mahal honed finished countertops and custom designed Mahogany Exterior Doors, this home has it all. From the boutique classic approach as you walk up the drive to the bright and airy interior, this home checks all the boxes. From custom tile floors to Kohler and Delta plumbing fixtures and bathrooms, you'll feel like you're in a luxury hotel every night. The exclusive choice of interior materials and finishes and lighting make this a boutique showcase home for the discerning homeowner. Located in heart of the city, you have easy access to freeways, shopping and the best LA has to offer, this is a easy commuters dream home. Close to Picfair Village and near Beverly Hills and Wilshire Vista with easy access to restaurants, shopping and the hip lifestyle, this is a truly complete property with income possibilities to fit into the quintessential LA luxury lifestyle. Large ADU features 2 bedrooms and 1 bath in 815 sq. feet and mirrors the high quality interiors of the main house. Set in a nicely private backyard, with separate, private gated access on the north side of the property, it's a true showstopper. Don't miss this amazing opportunity to live in luxury with additional major income potential.

Price History

Date
Event
Price
03/14/24
Sold
$980,000
Condition Rating
Excellent

Despite being built in 1924, the property has undergone a 'recent full renovation and refinishing' with 'top quality finishes and amenities.' The description highlights new Engineered Hardwood Floors, Custom Built White Oak Cabinets, Kitchen Aid Appliances, Bedrosian Quartzite Taj Mahal countertops, custom tile floors, and Kohler and Delta plumbing fixtures in the bathrooms. The ADU also mirrors these high-quality interiors. This extensive and high-end renovation brings the property to current quality standards, making it virtually new in terms of its interior components and functionality, aligning perfectly with the 'Excellent' criteria.
Pros & Cons

Pros

Income-Generating ADU: The property includes a large, high-quality 2-bedroom, 1-bath ADU with separate, private gated access, offering significant additional income potential or flexible living arrangements.
Extensive Luxury Renovation: The main house has undergone a recent full renovation with exquisite, top-quality finishes and amenities, including Engineered Hardwood Floors, Custom White Oak Cabinets, Kitchen Aid Appliances, and Bedrosian Quartzite Taj Mahal countertops, providing a move-in ready luxury experience.
Prime Central Location: Strategically located in the heart of Mid City, offering easy access to freeways, shopping, restaurants, and the vibrant lifestyle of Picfair Village, Beverly Hills, and Wilshire Vista, making it an ideal commuter's dream.
Modern Open-Concept Design: Features open-flow California-style interiors with a bright and airy ambiance, creating a contemporary and inviting living space.
High-End Fixtures and Materials: The property boasts an exclusive choice of interior materials, custom tile floors, Kohler and Delta plumbing fixtures, and custom-designed Mahogany Exterior Doors, contributing to a 'luxury hotel' feel.

Cons

Significant Price Discrepancy: The current listing price of $1,799,000 is considerably higher than the estimated property value of $1,168,847, which may require strong justification or negotiation.
Potential for Unspecified System Upgrades: While extensively renovated, the description does not explicitly detail comprehensive upgrades to all major systems (e.g., full plumbing, electrical, HVAC replacement), which could be a concern for a home originally built in 1924.
Average Lot Size for Luxury Segment: The 5,162 sqft lot, while adequate, may be considered average or smaller for a luxury property in this price range, potentially limiting outdoor expansion or perceived value compared to properties with larger grounds.

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