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1018 N Mariposa Avenue

Los Angeles (City), CA 90029
  • $6,000,000
  • STATUS: Active
  • ON SITE: 142 Days
  • ID#: 21760734
UPDATED: 27 min ago
$6,000,000
  • 0
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Listing Agent: David Kaufman of David Ballin Kaufman


Description

1018 N. Mariposa is adjacent to1006 N. Mariposa, totaling .97 acres of flat land in the heart of Los Angeles. This 24-unit two story walk-up complex was originally built in 1958 on a large 14,462 Sq. Ft. lot. The building has a newer pitched roof, is separately metered and has had many upgrades including window replacement in about half the units as well as air conditioning in some. There are 15 parking spaces and on-site laundry room. Steps away from Santa Monica Boulevard and walking distance to the Metro. This property is part of a 10-property portfolio totaling 186 units. Most of the properties are in the 90029 & 90006 zip codes of Los Angeles, CA. These well-located properties offer convenient access to Downtown Los Angeles & Mid-Wilshire and can be managed efficiently due to their proximity to one another. The properties are well maintained and have had many exterior and interior improvements. There is still +28% upside to be realized as units turn and the opportunity to construct two additional units already permitted at 1006 Mariposa. This infill multifamily portfolio is in an improving submarket in LA and gives an investor diversification amongst 12 different APNs and proven upside through continued unit turns.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T17:27:24.207. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/119305241
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1018 N Mariposa Avenue Los Angeles (City), CA 90029

  • Price: $6,000,000
  • Status: Active
  • On Site: 142 Days
  • Updated: 27 min ago
  • ID#: 21760734
0
Beds
0
Baths
0
½ Baths
0.33
Acres
1958
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
1018 N. Mariposa is adjacent to1006 N. Mariposa, totaling .97 acres of flat land in the heart of Los Angeles. This 24-unit two story walk-up complex was originally built in 1958 on a large 14,462 Sq. Ft. lot. The building has a newer pitched roof, is separately metered and has had many upgrades including window replacement in about half the units as well as air conditioning in some. There are 15 parking spaces and on-site laundry room. Steps away from Santa Monica Boulevard and walking distance to the Metro. This property is part of a 10-property portfolio totaling 186 units. Most of the properties are in the 90029 & 90006 zip codes of Los Angeles, CA. These well-located properties offer convenient access to Downtown Los Angeles & Mid-Wilshire and can be managed efficiently due to their proximity to one another. The properties are well maintained and have had many exterior and interior improvements. There is still +28% upside to be realized as units turn and the opportunity to construct two additional units already permitted at 1006 Mariposa. This infill multifamily portfolio is in an improving submarket in LA and gives an investor diversification amongst 12 different APNs and proven upside through continued unit turns.
Exterior Features

Carport YN Yes Parking Features CoveredCarportUncovered

Interior Features

Appliances DishwasherMicrowave

Property Features

Gross Income 417992 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 228462 Senior Community YN No Special Listing Conditions Standard Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T17:27:24.207. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: David Kaufman of David Ballin Kaufman