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351 S Mariposa Ave

Los Angeles, CA 90020
  • $2,400,000
  • STATUS: Active
  • ON SITE: 42 Days
  • MLS #: 22-145764
UPDATED: 15 min ago
$2,400,000
  • 11
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,938
    SQFT
  • $302
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1953
County:
Area:

School Ratings & Info

Description

351 S. Mariposa, an 8-unit value-add property, located in a central Koreatown location. Residing north of W. 6th Street, the subject property is within walking distance of reviewed restaurants, fast-casual eateries, shopping centers, grocery stores and nightlife. Built in 1953, this charming value-add property features (3) 2-Bdrm units and (5) 1-Bdrm units. 351 S. Mariposa presents a significant value-add opportunity as current rents are approx. 48% below market rates and there is an ADU (additional dwelling unit) in Plan-Check. Property amenities include a nicely landscaped courtyard, (2) single-car garages, covered parking in the rear and each unit is separately metered for gas and electricity.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T15:43:13.483. 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.searchdesertrealestate.com/homes/127631625
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351 S Mariposa Ave Los Angeles, CA 90020

  • Price: $2,400,000
  • Status: Active
  • On Site: 42 Days
  • Updated: 15 min ago
  • MLS #: 22-145764
11
Beds
0
Baths
0
½ Baths
N/A
Acres
7,938
SQFT
$302
$/SQFT
1953
Built
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
351 S. Mariposa, an 8-unit value-add property, located in a central Koreatown location. Residing north of W. 6th Street, the subject property is within walking distance of reviewed restaurants, fast-casual eateries, shopping centers, grocery stores and nightlife. Built in 1953, this charming value-add property features (3) 2-Bdrm units and (5) 1-Bdrm units. 351 S. Mariposa presents a significant value-add opportunity as current rents are approx. 48% below market rates and there is an ADU (additional dwelling unit) in Plan-Check. Property amenities include a nicely landscaped courtyard, (2) single-car garages, covered parking in the rear and each unit is separately metered for gas and electricity.
Exterior Features

Covered Parking 8 Cross Streets S. Mariposa Ave & W. 4th Street Lot Size Area 8757 Other Structures Accessory Dwelling Unit Parking Garage Garage - 1 CarCovered Parking Total Parking 10 View Description None View YN No

Interior Features

Baths Total 8.00 Common Walls Attached Cooling Wall Unit(S) Equipment Hood FanRange/OvenRefrigerator Heating Other Laundry Community

Property Features

Gross Income 130973 Gross Operating Income 127043 Like Units1 2 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 70591.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 56453 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar4

Listing provided courtesy of Kenny Stevens DRE#01090251 of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T15:43:13.483. 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.
 
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