
Description
351 S. Mariposa, an 8-unit value-add property, located in a central Koreatown location. Residing north of W. 6th Street, the subject property is within walking distance of reviewed restaurants, fast-casual eateries, shopping centers, grocery stores and nightlife. Built in 1953, this charming value-add property features (3) 2-Bdrm units and (5) 1-Bdrm units. 351 S. Mariposa presents a significant value-add opportunity as current rents are approx. 48% below market rates and there is an ADU (additional dwelling unit) in Plan-Check. Property amenities include a nicely landscaped courtyard, (2) single-car garages, covered parking in the rear and each unit is separately metered for gas and electricity.
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0BEDS
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0.2ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
351 S. Mariposa, an 8-unit value-add property, located in a central Koreatown location. Residing north of W. 6th Street, the subject property is within walking distance of reviewed restaurants, fast-casual eateries, shopping centers, grocery stores and nightlife. Built in 1953, this charming value-add property features (3) 2-Bdrm units and (5) 1-Bdrm units. 351 S. Mariposa presents a significant value-add opportunity as current rents are approx. 48% below market rates and there is an ADU (additional dwelling unit) in Plan-Check. Property amenities include a nicely landscaped courtyard, (2) single-car garages, covered parking in the rear and each unit is separately metered for gas and electricity.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T20:33:03.473. 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 Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.