400 S Mariposa Avenue, Los Angeles, CA 90020
- $4,795,000
- 16
- BD
- 25
- BA
- 16,736
- SqFt
- List Price
- $4,795,000
- Price Change
- ▼ $200,000 1775531921
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- 26654767
- Year Built
- 1956
- Bedrooms
- 16
- Bathrooms
- 25
- Living Sq. Ft
- 16,736
- Lot Size
- 15,075
- Acres
- 0.35
- Days on Market
- 162
- Property Type
- Multifamily
- Style
- Mid-Century Modern
- Stories
- Two Levels
Property Description
Investment Highlights: 30%+ Rental Upside, Half of units considerably under-market presenting a great opportunity to improve income. Repositioned + Value-Add ~50% of units upgraded with modern finishes, remaining units primed for cosmetic improvements. Walk Score of 92 "Walker's Paradise" designation with immediate access to shopping, transit, and Koreatown nightlife. Upgraded Systems New plumbing, electrical panels and windows help to reduce future CapEx exposure. RUBS Implementation: Recovers water/sewer and trash expenses for most renovated units. Large Corner Lot situated on a double lot located on the corner of Mariposa Ave and 4th Street. This quiet residential pocket is blocks from 6th St and Koreatown's commercial core. 24 Parking Spaces Provides plenty of rare off-street parking advantage in a dense, transit-friendly urban core. LAR4 Zoning Adds long-term development or repositioning options in a rapidly evolving corridor.
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Additional Information
- Appliances
- Dishwasher, Disposal, Microwave, Refrigerator
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Interior Features
- Ceiling Fan(s)
- Attached Structure
- Attached
- Number Of Units Total
- 25
Listing courtesy of Listing Agent: Mark Ventre (mark.ventre@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
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