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    400 S Mariposa Ave

    Los Angeles, CA 90020
    • $6,195,000
    • STATUS: Active
    • ON SITE: 36 days
    • MLS #: 21-728842
    $6,195,000
    • 16
      BEDS
    • 0.35
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 16,736
      SQFT
    • $370
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:
    Area:

    School Ratings & Info

    Description

    Mariposa 400 Apartments is a 25-unit apartment building located at 400 S Mariposa Avenue in the highly desirable Koreatown neighborhood of Los Angeles. Built in 1956, the property offers renters a high demand mix of 9 Studio and 16 One-Bedroom units across 16,738 square feet of improvements on 15,070 square feet (0.35 acres) of land.The thoughtfully maintained property features 13 extensively renovated units featuring new hardwood floors, kitchen cabinets, countertops, stainless-steel appliances, designer tiles, fixtures, and lighting. The bathrooms have been updated with modern vanities and tiles, bathtubs, and hardware. In addition, the building has been updated with new window and split system air conditioning. New ownership has the opportunity to capture 26% upside in rents through comprehensive renovations of the remaining unit interiors. The charming Mid-Century design, resort-style feel, and location are major draws for the Mariposa 400 Apartments.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-12T23:42:42.417. 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/116864943
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    400 S Mariposa Ave Los Angeles, CA 90020

    • Price: $6,195,000
    • Status: Active
    • MLS #: 21-728842
    16
    Beds
    0
    Baths
    0
    ½ Baths
    0.35
    Acres
    16,736
    SQFT
    $370
    $/SQFT
    1956
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    Mariposa 400 Apartments is a 25-unit apartment building located at 400 S Mariposa Avenue in the highly desirable Koreatown neighborhood of Los Angeles. Built in 1956, the property offers renters a high demand mix of 9 Studio and 16 One-Bedroom units across 16,738 square feet of improvements on 15,070 square feet (0.35 acres) of land.The thoughtfully maintained property features 13 extensively renovated units featuring new hardwood floors, kitchen cabinets, countertops, stainless-steel appliances, designer tiles, fixtures, and lighting. The bathrooms have been updated with modern vanities and tiles, bathtubs, and hardware. In addition, the building has been updated with new window and split system air conditioning. New ownership has the opportunity to capture 26% upside in rents through comprehensive renovations of the remaining unit interiors. The charming Mid-Century design, resort-style feel, and location are major draws for the Mariposa 400 Apartments.
    Exterior Features

    Covered Parking 16 Lot Location City Lot Size Area 15070 Other Structures None Parking Garage Controlled Entrance Pool Description Community Pool YN Yes Total Parking 0

    Interior Features

    Baths Total 25.00 Cooling Wall/Window Equipment Ceiling FanDishwasherGarbage Disposal Flooring Hardwood Heating Wall

    Property Features

    ADACompliance No Alley YN No Assessed Total Value 3945464 Gross Income 431301 Gross Operating Income 417457 Like Units1 9 Like Units2 16 Net Operating Income 265370.00 Number Of Buildings 1 Number Of Units 25 Owner Pays GasPool ServiceWaterGardener Rent Control YN Yes Sale Type Standard Security Features Automatic Gate Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 159472 Type Of Units Apartments Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar4

    Listing provided courtesy of Peter Strauss DRE#01335696 of Iconic Investments.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-12T23:42:42.417. 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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