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1214 S MARIPOSA AVE $1,450,000

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    1214 S MARIPOSA AVE LOS ANGELES, CA 90006

    • 7 Beds
    • 7 Baths
    • 3,360 sq. ft.
    • Multi-Family
    • MLS# 22-171721
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    Views: 3 Days On Site: 47

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    Property Details

    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.

    • General Features
      • County Los Angeles
    • Building Features
      • Bathroom Features Shower Over Tub
      • Total # of Baths 7.00
      • Total Bedrooms 7
      • Cooling Air Conditioning
      • Heating Wall
      • Kitchen Features Counter Top
      • Levels Ground Level
      • Living Area 3360
      • Stories 1
    • Property Features
      • Lot Description Curbs, Landscaped, Lot Shape-Rectangular, Single Lot
      • Other Structures None
      • Patio Features Porch - Rear
      • Pool Description None
      • Pool Y/N No
      • Spa None
      • Tennis Court None

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    Neighborhood

    90006 (LOS ANGELES) Demographics

    34 Median Age
    30,503 Population Density (per sq. mile)
    24% College Educated
    $37,375 Estimated Median Income
    1,777 Estimated Total Home Owners
    17,372 Estimated Total Renters
    9% / 91% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    58,560 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $650,000 Median Sales Price
    5 Homes Sold
    19 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,450,000
        6/23/2022 3:41:00 PM New in Database Source: Multiple Listing Service New Value: $1,450,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.


        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.