433 S Mansfield Avenue, Los Angeles, California 90036, Los Angeles, 90036 - 3 bed, 2 bath
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433 S Mansfield Avenue
Los Angeles, California 90036
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,976Sq Ft
6,756Lot Size
Property Price
LIST PRICE$1,575,000
EST. MARKET VALUE
$1,600,853
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,575,000—positioned well below the $1,600,854 Fair Market Value by 1.6%. This valuation gap offers $25,854 in Instant Equity. Featuring a Condition Rating of 5, the home requires a full-scale renovation, yet the 6,754 sq ft lot and ADU potential provide significant upside. Located within the Third Street Elementary School boundaries, this is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a value-add project in a prime Los Angeles neighborhood.
Estimated Market Value
$1,600,853
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 433 S Mansfield Avenue Subject | $1,575,000* List Price | 3 | 2 | 1,976 | $810 | - |
A 143 S Highland Avenue Sold | $1,700,000 | 4 | 2 | 2,381 | $714 | 0.5 mi |
B 151 N Poinsettia Place Sold | $2,025,000 | 3 | 2 | 2,066 | $980 | 0.8 mi |
C 930 S Ridgeley Drive Sold | $1,400,000 | 3 | 2 | 1,398 | $1,001 | 0.8 mi |
D 150 N Martel Avenue Sold | $1,900,000 | 3 | 2 | 1,964 | $967 | 0.8 mi |
E 909 S Cochran Pending | $1,650,000 List Price | 3 | 2 | 1,742 | $947 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1924, the property features interior finishes, including the kitchen, bathrooms, wood paneling, and drop ceilings, that appear to be 40-50 years old. The listing explicitly targets investors to 'bring new life' to the home and is sold strictly 'AS IS' with no repairs, indicating a need for a full gut rehabilitation and likely replacement of aged systems.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & School District
Situated in the highly desirable Hancock Park-Wilshire area, the property is located within the coveted Third Street Elementary School boundaries and is steps away from upscale dining and shopping.
- ADU & Development Potential
The generous 6,754 sq ft lot features a large detached garage, providing an excellent opportunity for an ADU conversion to add significant value or rental income.
- Substantial Square Footage
Offering over 2,100 sq ft of living space plus a 461 sq ft upstairs bonus area, the home provides a spacious footprint rarely found at this price point in the neighborhood.
CONSRISKS & DEFICIENCIES
- Strict As-Is Condition
The property is sold strictly as-is with no seller credits or repairs, requiring a buyer prepared for a full-scale renovation and immediate capital expenditure.
- Dated Infrastructure
Built in 1924 and held by the same family for decades, the home likely requires comprehensive updates to major systems like plumbing, electrical, and HVAC to meet modern standards.
About 433 S Mansfield Avenue
Prime location in a desirable neighborhood, this spacious traditional 3-bedroom, 2-bathroom home has been lovingly enjoyed by the same family for many years and is now ready for its next chapter. Set on a generous 6,754 sq ft lot, the home offers approximately 2,139 sq ft per floorplans, plus an additional 461 sq ft upstairs with two additional bedrooms. A large detached garage offers potential for an ADU, while the private backyard provides plenty of room to garden, gather, and enjoy outdoor living. A fantastic opportunity for buyers with vision and investors alike to bring new life to a spacious home in a great neighborhood. Ideally located near upscale dining, boutique shops, art galleries, coffee shops, fitness studios, Ralphs, Trader Joe's and more, and within the coveted Third Street Elementary School boundaries. Property is sold strictly AS IS, with no seller credits or repairs.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1924
- Lot Size
- 6,756 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,976 | 1,664.159 |
| Lot Size | 6,756 | 6,066.556 |
| Price | $1.57M | $1.35M |
| Price per sq ft | $797 | $806 |
| Built year | 1924 | 1939 |
| HOA | $0 | $278 |
| Days on market | 13 | 55 |
Pricing History
Listed for Sale
Aug 27, 2026
$1,575,000
Initial Listing