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.
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7BEDS
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0.14ACRES
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0BATHS
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01/2 BATHS
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3,360SQFT
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$446$/SQFT
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.
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.