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351 S Mariposa Avenue

Los Angeles (City), CA 90020
  • $2,400,000
  • STATUS: Active
  • ON SITE: 43 Days
  • ID#: 22145764
UPDATED: 50 min ago
$2,400,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1953
County:

School Ratings & Info

Listing Agent(s): Kenny Stevens of Compass (310-230-5478)


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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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.
www.northsdrealty.com/homes/127633085
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351 S Mariposa Avenue Los Angeles (City), CA 90020

  • Price: $2,400,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 50 min ago
  • ID#: 22145764
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1953
Built
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property 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.
Exterior Features

Parking Features CoveredDoor-SingleGarage Parking Total 10 View None View YN No

Interior Features

Appliances Refrigerator

Property Features

Association Fee 0 Garage YN Yes Gross Income 130973 Laundry Features Common Area Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 70591 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar4



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.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Kenny Stevens of Compass (310-230-5478)