910 S Mariposa Ave - Apartments FOR SALE


Los Angeles, CA 90006- Koreatown
$1,995,000 USD
818-219-6146
910 S Mariposa Ave, Los Angeles, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/15
null | 7.09% Cap Rate

910 S Mariposa Ave
Los Angeles, CA 90006
Koreatown


HIGHLIGHTS

  • Attractively Priced at a 7.09% CAP Rate and a 7.61 GRM for Wood Frame/Stucco Construction
  • Fully Upgraded Main Electrical Panel and Subpanels
  • Strong Koreatown Location with Outstanding Rental Demographics in One of America’s Densest Residential Neighborhoods
  • Available for Only $124,688 per Unit When Similar Properties Have Sold for an Average of Over $151,000 per Unit in 2025
  • Excellent Value-Add Opportunity – Current Rents Approximately 36% Below Market Rates
  • Deemed a “Walker’s Paradise” with a Walk Score of 95

OVERVIEW

We are pleased to announce the opportunity to purchase 910 S Mariposa Avenue, a 16-unit multifamily property located in the thriving Koreatown neighborhood of Los Angeles, CA. Listed at a 7.09% CAP Rate and 7.61 GRM based on in-place income, the property offers investors strong immediate cash flow with the added opportunity to recapture approximately 36% in rent upside. The property’s electrical system has been upgraded, with a new main panel and new subpanels, saving a new owner from maintenance, insurance, and inefficient utility costs. Attractively priced when compared to similar recent sales, the building is being offered for $124,688 per unit while similar assets have been selling for an average of $151,782 per unit in2025. Because the building is not on the Los Angeles Department of Building and Safety’s seismic retrofit list, a new owner can save significant funds from otherwise costly seismic repairs (Buyer to verify). Situated just south of 8th Street, the property offers tenants proximity to the abundant dining and shopping options throughout Koreatown, in addition to job centers in Downtown Los Angeles and the nearby University of Southern California. Residents also enjoy convenient access to the 110, 10, and 101 Freeways, while the Metro B Line and D Line subways, along with several Metro bus stops, are all within blocks of the property. With LA Live and the neighboring Crypto.com Arena, Los Angeles Convention Center, and nearby Los Angeles Coliseum scheduled to host events in the 2028 Summer Olympics, the entire local area stands to benefit from upcoming infrastructure improvements and an influx of capital to the area.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$241 USD /SF

# OF UNITS

16

PRICE/UNIT

$124,688

CAP RATE

7.09%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7.09% CAP, 7.61 GRM, New Electrical Panels

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,411 SF

ZONING

R4, Los Angeles

APN/PARCEL ID

5094-022-025

ASK ABOUT THIS PROPERTY

Rick RaymundoMarcus and MillichapMore Info
818-219-6146

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Rick RaymundoMarcus and MillichapMore Info
818-219-6146

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