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1018 N Mariposa Ave

Los Angeles, CA 90029
  • $6,000,000
  • STATUS: Active
  • ON SITE: 20 days
  • ID#: 21-760734
UPDATED: 12 min ago
$6,000,000
  • 24
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 14,872
    SQFT
  • $403
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1958
County:
Area:

School Ratings & Info

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 the Combined LA/Westside Multiple Listing Service as of 2021-08-04T09:42:30.103. 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.brandiprattrealestate.com/homes/119299659
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1018 N Mariposa Ave Los Angeles, CA 90029

  • Price: $6,000,000
  • Status: Active
  • Updated: 12 min ago
  • ID#: 21-760734
24
Beds
0
Baths
0
½ Baths
0.33
Acres
14,872
SQFT
$403
$/SQFT
1958
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
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

Lot Size Area 14462 Other Structures None Parking Garage CarportCovered ParkingUncovered Total Parking 15

Interior Features

Baths Total 24.00 Cooling Air Conditioning Equipment DishwasherMicrowaveRange/Oven Heating Other

Property Features

Assessed Total Value 2936478 Gross Income 417992 Gross Operating Income 405452 Like Units1 24 Net Operating Income 228462.00 Number Of Buildings 1 Number Of Units 24 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 176990 Type Of Units 1+1 Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of David Kaufman DRE#01217537 of David Ballin Kaufman.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-04T09:42:30.103. 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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eXp Realty of California, Inc.
2603 Camino Ramon, Suite 200
San Ramon CA, 94583