758 N Mansfield Avenue, Los Angeles, California 90038, Los Angeles, 90038 - 3 bed, 2 bath
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758 N Mansfield Avenue
Los Angeles, California 90038
ACTIVE
CONDITION: TEAR DOWN
3Beds
2Baths
1,658Sq Ft
6,002Lot Size
Property Price
LIST PRICE$1,349,000
EST. MARKET VALUE
$1,274,179
5% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,349,000—positioned well above the $1,274,180 Fair Market Value by 5%. While the current structure has a Condition Rating of 6, the 6,002 sqft Corner Lot and R1 Zoning offer significant upside for a 4-unit townhome subdivision under SB 1123. This asset is a strategic play for Real Estate Developers and Buy-and-Hold Investors focused on maximizing density in a prime Los Angeles location near Hancock Park.
Estimated Market Value
$1,274,179
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 |
|---|---|---|---|---|---|---|
★ 758 N Mansfield Avenue Subject 3 bd · 2 ba · 1,658 sqft · $769 | $1,349,000* List Price | 3 | 2 | 1,658 | $769 | - |
A 758 N Mansfield Sold 3 bd · 2 ba · 1,658 sqft · $799 · 0.0 mi | $1,325,000 | 3 | 2 | 1,658 | $799 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1925 (>50 years old) with no evidence of renovation. The listing explicitly markets the property for its land value and the potential to build a 4-unit townhome subdivision. Interior images show significant neglect, including heavily stained carpets and peeling wallpaper, suggesting the existing structure is at the end of its useful life.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Central Location
Situated adjacent to Hancock Park and steps from Melrose Avenue, the property offers exceptional proximity to Larchmont Village, The Grove, and the La Brea corridor, ensuring high desirability and long-term value.
- Significant Development Potential
The property presents a lucrative opportunity for a 4-unit townhome subdivision under SB 1123, with projected total sales of approximately $6M, making it an ideal play for investors and developers.
- Advantageous Corner Lot
Occupying a 6,002 sqft corner lot with frontage on both Mansfield and Waring, the site provides superior visibility, accessibility, and architectural flexibility for future construction.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2026-07-01. The sold price is $1,325,000.00.
- As-Is Condition
The existing 1925 residence is being sold in as-is condition, implying the need for a complete rehabilitation or demolition, which requires immediate additional capital investment.
- Entitlement Uncertainty
Although development concepts are provided, the property is currently zoned R1, placing the burden of verifying zoning feasibility, SB 1123 eligibility, and securing entitlements entirely on the buyer.
About 758 N Mansfield Avenue
Remodel and resell, or build 4 townhomes for approx. $6M in projected total sales. Yes, it's R1. SB 1123 may allow a small-lot townhome subdivision here, ask how. Priced to sell, will consider cash offers. Corner lot on Mansfield and Waring with frontage on both streets. Hancock Park adjacent, Melrose at your door, minutes to Larchmont, The Grove and the La Brea corridor. Existing 3BD/2BA home sold as-is, so hold or rehab while you plan. Illustrative 4-unit concept in photos. Buyer to verify zoning, entitlements and feasibility.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 6,002 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 | 1,658 | 1,670.836 |
| Lot Size | 6,002 | 6,152.156 |
| Price | $1.35M | $1.34M |
| Price per sq ft | $814 | $807 |
| Built year | 1925 | 1941 |
| HOA | $0 | $238 |
| Days on market | 31 | 56 |
Pricing History
Listed for Sale
Oct 15, 2026
$1,349,000
$1,369,000
-1% Price Drop
Initial Listing
Price Change
Oct 9, 2026
$1,369,000
Initial Listing
Sold
Jul 1, 2026
$1,325,000
Public Record