Located in the vibrant and sought-after Koreatown neighborhood, this beautifully designed 4-unit residential income property is an exceptional investment opportunity. With a current cap rate of 4.34% and a projected cap rate of 5%, this property offers comfort, convenience, and strong potential returns for investors. Fully Tenant Occupied All 4 units are currently leased, providing immediate rental income. Automatic Gated Entrance offers enhanced security and privacy for tenants. Each unit includes a refrigerator, washer and dryer, microwave, dishwasher, and oven range perfect for attracting quality tenants. Enjoy proximity to an array of trendy shops, restaurants, and entertainment options, making it a highly desirable location for renters. This is your chance to own and live in a revenue-generating property in one of Los Angeles’ most vibrant neighborhoods. Whether you’re looking for a strong investment or a home with rental income potential, this property is not to be missed!
Property Details
Price:
$2,400,000
MLS #:
25512643
Status:
Active
Baths:
0
Address:
1142 S Mariposa Avenue
Type:
Residential Income
Neighborhood:
c17midwilshire
City:
Los Angeles
Listed Date:
Mar 17, 2025
State:
CA
ZIP:
90006
Lot Size:
5,906 sqft / 0.14 acres (approx)
Year Built:
2016
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Schools
Interior
Appliances
Dishwasher, Disposal, Microwave, Refrigerator
Cooling
Central Air
Flooring
Wood, Laminate
Heating
Central
Interior Features
Ceiling Fan(s)
Exterior
Parking Features
Private
Parking Spots
10.00
Security Features
Gated Community
Stories Total
2
Financial
Map
Community
- Address1142 S Mariposa Avenue Los Angeles CA
- AreaC17 – Mid-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90006
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1142 S Mariposa Avenue
Los Angeles, CA
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