514 S Mariposa AVE, Los Angeles, CA 90020
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514 S Mariposa AVE, Los Angeles, CA 90020
514 S Mariposa AVE, Los Angeles, CA 90020
514 S Mariposa AVE, Los Angeles, CA 90020
514 S Mariposa AVE, Los Angeles, CA 90020
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Charlie Nicholas

Charlie Nicholas

+1(562) 897-2690
$ 3,700,000
Est. payment /mo
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514 S Mariposa AVE Los Angeles, CA 90020

17 Beds

19 Baths

12,294 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 12,294 sqft

Price per Sqft $300

MLS Listing ID 26844845

Bedrooms 17

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1960

Lot Size 0.258 Acres

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

Area C17 - Mid-Wilshire

Zoning LAR4

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Range, Refrigerator, Range Hood

Laundry Common Area

Exterior

Parking Features Covered, Gated

Pool None

Community Features Gated

Total Parking Spaces 17

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5502019006

Security Features Gated Community

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Mark Ventre Lyon Stahl Investment Real Estate, Inc. #01811490

Nearby Locations

Charlie Nicholas

Charlie Nicholas

Agent | License ID: 01738156

+1(562) 897-2690

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514 S Mariposa AVE