1214 S MARIPOSA AVE

LOS ANGELES, CA, 90006

$1,450,000

$431 per ft²
$1,450,000
$431 per ft²
Active
Active
 - For Sale
beds
7 Beds
baths
7 Baths
carpenters-square
3,360 ft²
property_type
Multi-family
calendar
Built 1917
We are pleased to present a seven (7) unit apartment building located at 1214 South Mariposa Avenue in Los Angeles, California. The subject property is situated in a strong Koreatown location, north of Pico Boulevard and east of Normandie Avenue. Built in 1917, this property contains a streamlined unit mix of seven (7) detached one bedroom / one bathroom bungalow style units. Three (3) units will be delivered vacant for immediate renovation and lease-up. The property is lush with greenery that runs down the peaceful center courtyard. Each unit has its own back porch area, separate water heaters, and is separately metered for gas and electricity. Tenants will love being just a short walking distance to prime Koreatown, boasting some of the trendiest retail, restaurant, and entertainment in Los Angeles. Residents can shop fresh at the Galleria Market, eat hearty at the numerous K-BBQ options, and unwind at one of the many karaoke spaces or bars, all within a mile of the subject property. Situated in a strong Koreatown location, this offering presents an excellent opportunity for any investor to capitalize on positive initial cash flow with over 60% rental upside potential in a qualified Opportunity Zone of core Los Angeles.
MLS® ID:
22-171721
Listed:
6/22/22
Updated:
7/7/22

Interior Features

Kitchen Features
Counter Top
Total Bedrooms
7
Total Bathrooms
7
Cooling
Air Conditioning
Heating
Wall

Exterior/Building Features

Lot Size
5,904 ft² lot
Architectural Style
Bungalow
Lot Details
Curbs, Landscaped, Lot Shape-Rectangular, Single Lot

Other Property Details

Garage
No
Parking
None
View
N
County
Los Angeles
Pool
No
Pool Description
None
Total Stories
1
Zoning
LAR3

 

Courtesy of Jason Tuvia, Marcus & Millichap

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor OMNI Homes shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 7/7/22

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