1214 South Mariposa Avenue is a charming seven-unit property offering 3,360 rentable square feet on a 5,904-square-foot LAR3-zoned lot. The property features seven one-bedroom, one-bathroom units, with four units fully remodeled and currently vacant. Each unit is detached, averaging approximately 480 square feet, and individually metered for gas and electricity, with separate water heaters for added convenience.
Three of the seven units are scheduled to be vacant, presenting a unique opportunity for a new owner to customize occupancy.
Located in the rapidly growing Koreatown neighborhood, this property benefits from proximity to Pico Boulevard and Normandie Avenue on a street experiencing significant improvements. Residents enjoy easy access to Koreatown''s vibrant dining, shopping, entertainment, and employment opportunities, as well as nearby hotspots in Hollywood and Downtown Los Angeles.
Boasting a "Walker''s Paradise" Walk Score of 92, the location allows most daily errands to be completed on foot. Nearby attractions include Monty''s Good Burger, Park''s BBQ, California Marketplace, and an array of local eateries and bars.
With ongoing development and revitalization in the area, 1214 South Mariposa Avenue offers significant value-add potential. A new owner can reposition the vacant units, select tenants, and further enhance the property’s appeal.
This property, located within the City of Los Angeles, is subject to rent control regulations, making it a compelling acquisition for investors seeking a combination of stable income and growth potential.
Three of the seven units are scheduled to be vacant, presenting a unique opportunity for a new owner to customize occupancy.
Located in the rapidly growing Koreatown neighborhood, this property benefits from proximity to Pico Boulevard and Normandie Avenue on a street experiencing significant improvements. Residents enjoy easy access to Koreatown''s vibrant dining, shopping, entertainment, and employment opportunities, as well as nearby hotspots in Hollywood and Downtown Los Angeles.
Boasting a "Walker''s Paradise" Walk Score of 92, the location allows most daily errands to be completed on foot. Nearby attractions include Monty''s Good Burger, Park''s BBQ, California Marketplace, and an array of local eateries and bars.
With ongoing development and revitalization in the area, 1214 South Mariposa Avenue offers significant value-add potential. A new owner can reposition the vacant units, select tenants, and further enhance the property’s appeal.
This property, located within the City of Los Angeles, is subject to rent control regulations, making it a compelling acquisition for investors seeking a combination of stable income and growth potential.
Property Details
Price:
$1,800,000
MLS #:
PW24251716
Status:
Active
Baths:
0
Address:
1214 S Mariposa Avenue
Type:
Residential Income
Subtype:
Condominium
Neighborhood:
c17midwilshire
City:
Los Angeles
Listed Date:
Dec 17, 2024
State:
CA
ZIP:
90006
Lot Size:
5,906 sqft / 0.14 acres (approx)
Year Built:
1917
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Schools
Interior
Exterior
Community Features
Sidewalks, Street Lights
Garage Spaces
0.00
Green Energy Efficient
Appliances
Lot Features
No Landscaping
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address1214 S Mariposa Avenue Los Angeles CA
- AreaC17 – Mid-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90006
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Courtesy of Lifetime Realty Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1214 S Mariposa Avenue
Los Angeles, CA
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