514 S Mariposa Avenue, Los Angeles, CA 90020
514 S Mariposa Avenue, Los Angeles, CA 90020
514 S Mariposa Avenue, Los Angeles, CA 90020
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Maya Hiersoux

Maya Hiersoux

+1(415) 971-3559
$3,700,000
Est. payment /mo
12,294 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 12,294 sqft

Price per Sqft $300

MLS Listing ID CL26844845

HOA Y/N No

Year Built 1960

Lot Size 0.258 Acres

Acres 0.2584

Property Sub-Type Other

Property Description

Twelve of the nineteen units have been fully renovated to a high-end specification, quartz countertops, stainless appliances, split-system A/C, hardwood-style flooring, and updated baths. The remaining units present a clear, repeatable renovation path with approximately 20% rental upside. At full market rents the cap rate expands from 6.02% to 8.96%, one of the most compelling current-to-market spreads available in mid-market Koreatown.

Location

State CA

County Los Angeles

Zoning LAR4

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Building

New Construction No

Others

Tax ID 5502019006

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Bridge MLS
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Listed by Mark Ventre • Lyon Stahl Investment Real Estate, Inc.

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Maya Hiersoux

Maya Hiersoux

+1(415) 971-3559

Agent License ID: 01450016

Agent License ID: 01450016

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