744 S Mariposa Ave - Apartments FOR SALE


Los Angeles, CA 90005- Koreatown
$10,000,000 USD
310-872-8004
744 S Mariposa Ave, Los Angeles, CA for Sale
$10,000,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

744 S Mariposa Ave
Los Angeles, CA 90005
Koreatown


HIGHLIGHTS

  • Unmatched Unit Interiors: Wide Plank Hardwood Flooring, Oversized Bathrooms, Quartz Countertops, Modern Cabinets, Central A/C and Heat, Keyless Entry
  • Stellar Building Amenities: Fitness Center, Recreation Room, EV Charging Stations, Onsite Laundry, Storage Rooms, Rooftop Patios, and Bike Parking
  • Fully Parked: Two Floors of Parking, 32 Total Parking Spaces
  • Transit Oriented Community: Walking Distance to the Purple Line Station on Wilshire Provides Tenants with Easy Access to West LA
  • Available for Purchase Below Developer's Basis and at a Steep Discount to Replacement Costs

OVERVIEW

Jones Lang LaSalle Americas, Inc., as exclusive advisor, is pleased to present for sale Nabi Apartments (the “Property”), an exceptional boutique 31-unit multihousing investment opportunity located in the epicenter of Los Angeles’ renowned Koreatown neighborhood. This Class A asset represents a rare opportunity to acquire a recently delivered apartment community in one of Los Angeles’ most dynamic and culturally vibrant urban submarkets. Delivered in 2022, Nabi Apartments showcases contemporary architectural design and beautifully finished interior units with modern finishes throughout. The Property comprises 31 thoughtfully designed residential units spanning studio and onebedroom configurations, with spacious floor plans averaging 639 square feet. This generous unit sizing provides residents with comfortable living spaces that exceed typical urban apartment standards. Strategically positioned between Wilshire Boulevard and 8th Street, Nabi Apartments is surrounded by an exceptional retail environment with over 5.5 million square feet of retail space within a one-mile radius. The Property enjoys an unparalleled location in the heart of one of Koreatown’s most vibrant corridors, immersed among the neighborhood’s most popular restaurants, eateries, entertainment venues, shopping destinations, and cultural attractions. With an exceptional Walk Score of 96 (Walker’s Paradise), Nabi offers residents true urban convenience and immediate pedestrian access to lifestyle needs, cultural destinations, diverse dining options, retail amenities, and comprehensive local transit options including Metro rail connectivity. This central location positions Nabi as an ideal residential choice for today’s urban professionals and renters seeking convenient, car-optional living with exceptional access to Los Angeles’ diverse amenities, entertainment districts, and major employment centers.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$373 USD /SF

# OF UNITS

31

PRICE/UNIT

$322,581

CAP RATE

Request Cap Rate

% LEASED

68%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Nabi

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2022

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,205 SF

ZONING

LAR5

APN/PARCEL ID

5094-006-004

ASK ABOUT THIS PROPERTY

310-872-8004

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310-872-8004

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