400 S Mariposa Ave, Los Angeles, CA 90020

$6,195,000
16
BD
25
BA
16,736
SqFt
List Price
$6,195,000
MLS#
21-728842
Year Built
1956
Bedrooms
16
Bathrooms
25
Living Sq. Ft
16,736
Lot Size
15,070
Lot Location
City
Days on Market
43
Property Type
Multifamily

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.

Additional Information

Other Buildings
None
Pool
Yes
Heat
Wall
Cooling
Wall/Window
Number of Cars in Garage
Controlled Entrance

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Courtesy of , Peter Strauss - CA DRE#

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