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… Read More 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. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
24
Last Updated
Property Type
Other
Beds
16
Square Ft.
16,736
Lot Size
0.35 Acres
Year Built
1956
MLS Number
25569271
30 Days Snapshot Of 90020
$2.90M
-23%
(avg) sold price
7
+40%
homes sold
40
-48%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Garbage Disposal, Range/Oven, Refrigerator, Microwave, Dishwasher, Ceiling Fan
Building
16,736 sq ft, Built in 1956, Levels: Two, Attached, Mid-Century
Cooling
Wall/Window, Ceiling Fan
Disclosures
None
Garage
Gated, Shared Driveway, Side By Side, Covered Parking
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