514 S Mariposa Ave - Apartments FOR SALE


Los Angeles, CA 90020- Koreatown
$3,700,000 USD
323-202-9741
514 S Mariposa Ave, Los Angeles, CA for Sale
$3,700,000 USD
Apartments - FOR SALE
1/17
null | 6% Cap Rate

514 S Mariposa Ave
Los Angeles, CA 90020
Koreatown


HIGHLIGHTS

  • 12 of 19 units renovated with high-end finishes
  • Repositioned units achieving market making rents
  • Quartz countertops, stainless appliances, custom tile, and split-systems
  • Over 20% upside in rental income
  • Blocks from 6th St and Wilshire Blvd amenities
  • "Walkers Paradise" score of 94 on Walkscore.com

OVERVIEW

Over 20% Rental Upside. 12 of 19 units fully renovated with high-end finishes. Walk Score of 94 with immediate access to shopping, transit, and Koreatown nightlife. Renovated units feature quartz countertops, stainless appliances, split-system A/C, and custom tile. Separately metered gas and electric. Gated parking. Provides plenty of rare off-street parking advantage in a dense, transit-friendly urban core. LAR4 Zoning.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$270 USD /SF

# OF UNITS

19

PRICE/UNIT

$194,737

CAP RATE

6%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NEW PRICE 514 S Mariposa

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,252 SF

ZONING

LAR4

APN/PARCEL ID

5502-019-006

ASK ABOUT THIS PROPERTY

Mark VentreLyon Stahl Investment Real EstateMore Info
323-202-9741

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Mark VentreLyon Stahl Investment Real EstateMore Info
323-202-9741

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