First time on the market in over 40 years, 1301 N. Mansfield presents a timeless mid century apartment complex with thoughtful modern upgrades, located in a prime Hollywood location (corner of Fountain and Mansfield). Located just west of Highland Ave, 1301 N. Mansfield offers investors an opportunity to acquire a well maintained 19 unit complex situated between the local hotspots and employment epicenters of West Hollywood (0.5 miles from Santa Monica & La Brea) and the greater Hollywood Media District (0.6 mile from Hollywood & Highland). Offered at $223K per unit, the financials are just as appealing as the location. Current rents yield a 5.45% CAP, and with approx. 26% rental upside, investors can achieve a 7.73% CAP and 8.75 GRM once stabilized. The unit mix includes (6) 2 bed/1.5 bath, (11) 1 bed/1 bath, and (2) studios. Please note, 2 units will be delivered vacant. Interiors feature oversized windows, private balconies, and an open style floor plan. Units average approx. 800 SF, offering ample space, charm, and natural light. Major capital improvements include, electric appliances, a new roof, copper repipe, soft story retrofit, and SB 721 compliant balconies (buyer to verify). Capital improvements include electric appliances, copper repipe, soft story retrofit, and SB 721 compliant balconies (buyer to verify). 1301 N. Mansfield combines strong in place fundamentals, significant upside, and unbeatable proximity to LA's top tier cultural, entertainment, and employment hubs.