Address
400 S Mariposa Avenue Los Angeles, CA
Price
$ 6,550,000
Property Attributes
  • MLS#20639422
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid-Wilshire
  • Zip90020
  • Style
  • Price$ 6,550,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.34 Acres
Listing Provided Courtesy Of:
Peter Strauss with Iconic Investments.
Property Description

Mariposa 400 Apartments is a 25-unit apartment building located at 400 S Mariposa Avenue in the highly desirable Koreatown neighborhood of Los Angeles. Built in 1956, the property offers renters a high demand mix of 9 Studio and 16 One-Bedroom units across 16,738 square feet of improvements on 15,070 square feet (0.35 acres) of land.The thoughtfully maintained property features 13 extensively renovated units featuring new hardwood floors, kitchen cabinets, countertops, stainless-steel appliances, designer tiles, fixtures, and lighting. The bathrooms have been updated with modern vanities and tiles, bathtubs, and hardware. In addition, the building has been updated with new window and split system air conditioning. New ownership has the opportunity to capture 26% upside in rents through comprehensive renovations of the remaining unit interiors. The charming Mid-Century design, resort-style feel, and location are major draws for the Mariposa 400 Apartments.

Price History
9/29/2020 Listed $6,550,000

General Features

Appliances Dishwasher, Disposal
Cooling Wall/Window Unit(s)
Directions Located North of Wilshire Blvd and East of Normandie Ave.
Flooring Wood
Heating Wall Furnace
Listagentaor Beverly Hills/Greater LA
Listing Agent Peter Strauss - BRE#01335696
Listing Agent State License 01335696
MLS Area C17 - Mid-Wilshire
Parking Features Controlled Entrance
Pool Features Community
Security Features Automatic Gate
Source System CRMLS
Special Listing Conditions Standard
Total Units 25
Zoning LAR4

Interior Features

Air Conditioning Y/N Yes
Appliances Y/N Yes
Heating Y/N Yes

Exterior Features

Lot Size Acres 0.3400
Lot Size Area 15070.0000
Lot Size Square Feet 15070.00
Lot Size Units Square Feet
Number of Buildings 1
Parking Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90020

Price
AVG $3.54M
$6.55M
Visits
AVG 32
32
Year Built
AVG 1938
1956

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