328 N Mariposa Ave - Apartments FOR SALE


Los Angeles, CA 90004- East Hollywood
$1,450,000 USD
818-448-4415
328 N Mariposa Ave, Los Angeles, CA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/7
null | 5.47% Cap Rate

328 N Mariposa Ave
Los Angeles, CA 90004
East Hollywood


HIGHLIGHTS

  • Solid Koreatown Location
  • All Two-Bedroom Units
  • Approved Plans to Convert Vacant Units into Three-Bedroom Units
  • Three (3) Units Vacant and Currently Down to the Studs
  • On-Site Parking Available in Rear Lot
  • Units Individually Metered for Gas and Electricity

OVERVIEW

Marcus and Millichap is pleased to present a four (4) unit apartment building located at 328 N Mariposa Avenue in Los Angeles, California. The subject property is located in a solid Koreatown location, north of Beverly Boulevard and west of Vermont Avenue. This property offers a solid Koreatown location with a streamlined unit mix of all two-bedroom units, some of which features views of the Hollywood Sign. Three units are currently vacant and taken down to the studs, with approved plans in place to convert them into spacious three-bedroom layouts, enhancing rental potential. Each unit is separately metered for gas and electricity, while a four-car garage in the rear provides additional upside through the opportunity to convert into multiple ADUs under SB1211. The building benefits from lush front-yard landscaping that enhances curb appeal and sits in a prime position with dominant access to major commercial corridors including Normandie Avenue, Beverly Boulevard, Western Avenue, and Vermont Avenue. With its solid Koreatown location, value-add potential, and multiple avenues for unit and ADU conversion, this property presents a rare opportunity for investors to capture strong long-term rental upside.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$251 USD /SF

# OF UNITS

4

PRICE/UNIT

$362,500

CAP RATE

5.47%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,422 SF

ZONING

LAR3

APN/PARCEL ID

5520-024-011

ASK ABOUT THIS PROPERTY

Jason TuviaMarcus & MillichapMore Info
818-448-4415

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Jason TuviaMarcus & MillichapMore Info
818-448-4415

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.