Skip To Content

1214 S Mariposa Ave

Los Angeles, CA 90006
  • $1,499,000
  • STATUS: Active
  • ON SITE: 79 Days
  • MLS #: 22-131793
UPDATED: 120 min ago
$1,499,000
  • 7
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,360
    SQFT
  • $446
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1917
County:
Area:

School Ratings & Info

Description

1214 South Mariposa Avenue is a charming seven unit property with 3,360 rentable square feet situated on a 5,904 square feet LAR3 zoned lot. The property consists of seven (7) one (1) bedroom (1) bathroom units. Each unit is detached and averages around 480 square feet. Moreover, each unit is separately metered for gas & electricity, with separate H20 heaters. Three (3) out of the seven (7) units are scheduled to be vacant! The property is located in the up & coming Koreatown neighborhood, on a quickly improving street, near Pico Boulevard & Normandie Avenue. This location provides easy access to all of the excellent restaurants, shopping, entertainment, and employment opportunities that Koreatown, Hollywood, and Downtown LA have to offer, making it highly sought after by the young professional tenant. The location is deemed a"Walker's Paradise" with a score of 92 out of 100, as most daily errands can be accomplished by foot. Within close proximity you have Monty's Good Burger, Park's BBQ, California Marketplace, and many other local eateries and bars. The continued improvement and development in the surrounding area along with the value-add potential for a new owner to reposition the currently vacant units by choosing their own tenants and renovating, make 1214 South Mariposa Avenue an excellent acquisition opportunity. The subject property is located in the City of Los Angeles and is subject to rent control.

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T23:43:08.557. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/126465948
Print Image

1214 S Mariposa Ave Los Angeles, CA 90006

  • Price: $1,499,000
  • Status: Active
  • On Site: 79 Days
  • Updated: 120 min ago
  • MLS #: 22-131793
7
Beds
0
Baths
0
½ Baths
0.14
Acres
3,360
SQFT
$446
$/SQFT
1917
Built
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
1214 South Mariposa Avenue is a charming seven unit property with 3,360 rentable square feet situated on a 5,904 square feet LAR3 zoned lot. The property consists of seven (7) one (1) bedroom (1) bathroom units. Each unit is detached and averages around 480 square feet. Moreover, each unit is separately metered for gas & electricity, with separate H20 heaters. Three (3) out of the seven (7) units are scheduled to be vacant! The property is located in the up & coming Koreatown neighborhood, on a quickly improving street, near Pico Boulevard & Normandie Avenue. This location provides easy access to all of the excellent restaurants, shopping, entertainment, and employment opportunities that Koreatown, Hollywood, and Downtown LA have to offer, making it highly sought after by the young professional tenant. The location is deemed a"Walker's Paradise" with a score of 92 out of 100, as most daily errands can be accomplished by foot. Within close proximity you have Monty's Good Burger, Park's BBQ, California Marketplace, and many other local eateries and bars. The continued improvement and development in the surrounding area along with the value-add potential for a new owner to reposition the currently vacant units by choosing their own tenants and renovating, make 1214 South Mariposa Avenue an excellent acquisition opportunity. The subject property is located in the City of Los Angeles and is subject to rent control.
Exterior Features

Levels Ground Level Lot Size Area 5904 Other Structures None Parking Garage None Style Bungalow Total Parking 0 View Description None View YN No Water Frontage None

Interior Features

Baths Total 7.00 Common Walls Detached/No Common Walls Cooking Appliances Cooktop - Gas Cooling Wall/Window Equipment RefrigeratorOther Heating Other Water Heater Features Other

Property Features

Assessed Total Value 735824 Gross Income 95088 Gross Operating Income 92235 Like Units1 7 Net Operating Income 58273.00 Number Of Buildings 7 Number Of Units 7 Rent Control YN Yes Sale Type Standard Security Features None Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 33962 Type Of Units 1+1 Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Nicole Apostolos DRE#01464936 of Equity Union.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T23:43:08.557. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-131793-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-131793-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-131793-2.jpg
Logo
Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270