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$2,625,000
Est. payment /mo
5 Beds
16 Baths
8,496 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,496 sqft
Price per Sqft $308
MLS Listing ID 25568039
Bedrooms 5
HOA Y/N No
Year Built 1925
Lot Size 6,412 Sqft
Property Description
We are pleased to present a sixteen (16) unit apartment building located at 932 S Mariposa Avenue in Los Angeles, California. The subject property is located in an ideal Koreatown location, south of Wilshire Boulevard and west of Vermont Avenue. This well-maintained 16-unit multifamily property offers an excellent unit mix consisting of twelve (12) studios, three (3) one-bedroom units, and one (1) spacious two-bedroom unit - ideal for attracting a wide range of tenants. One (1) unit will be delivered vacant, presenting immediate leasing. With solid remaining rental upside, investors can benefit from long-term value growth. The gated property features attractive curb appeal, easily maintained landscaping, a security system, and an on-site laundry room for added tenant convenience. There is a communal balcony on the second floor, and ample street parking is available. Ideally located in the heart of Koreatown, the property provides dominant access to major commercial corridors such as Vermont Ave, Normandie Ave, Western Ave, and Wilshire Blvd. With a strong in-place cash flow reflected by a 7.18% cap rate and a prime centralized location in the heart of Koreatown, this property presents a compelling investment opportunity for buyers seeking both stability and long-term growth potential in one of Los Angeles' most active markets.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR4
Interior
Fireplace No
Exterior
Parking Features None
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5094022019
Special Listing Condition Standard
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Listed by Jason Tuvia Marcus & Millichap