We are pleased to present a sixteen (16) unit apartment building located at 932 S Mariposa Avenue in Los Angeles, California. The subject property is located in an ideal Koreatown location, south of Wilshire Boulevard and west of Vermont Avenue. This well-maintained 16-unit multifamily property offers an excellent unit mix… Read More consisting of twelve (12) studios, three (3) one-bedroom units, and one (1) spacious two-bedroom unit - ideal for attracting a wide range of tenants. One (1) unit will be delivered vacant, presenting immediate leasing. With solid remaining rental upside, investors can benefit from long-term value growth. The gated property features attractive curb appeal, easily maintained landscaping, a security system, and an on-site laundry room for added tenant convenience. There is a communal balcony on the second floor, and ample street parking is available. Ideally located in the heart of Koreatown, the property provides dominant access to major commercial corridors such as Vermont Ave, Normandie Ave, Western Ave, and Wilshire Blvd. With a strong in-place cash flow reflected by a 7.18% cap rate and a prime centralized location in the heart of Koreatown, this property presents a compelling investment opportunity for buyers seeking both stability and long-term growth potential in one of Los Angeles' most active markets. Read Less
Courtesy of Marcus & Millichap 818-212-2700
Listing Snapshot
Days Online
27
Last Updated
Property Type
Other
Beds
5
Square Ft.
8,496
Lot Size
0.15 Acres
Year Built
1925
MLS Number
25568039
30 Days Snapshot Of 90006
$808k
+20%
(avg) sold price
5
+25%
homes sold
102
-9%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
8,496 sq ft, Built in 1925, Levels: Two
Disclosures
As Is
Garage
None
Lot
LotAcreage: 0.1472, LotSizeArea: 6,411
Parking
TotalParking: 0
Property
NumberOfUnits: 16, Zoning: LAR4
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