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Map
$1,499,000
↓ $66K (4.2%)
●
Property -
For Sale
1138 S Mariposa Ave
Los Angeles, CA 90006
Studio
0 Bath
4064 Sqft
$7,361
Estimated Monthly
$0
HOA / Fees
About This Property
We are proud to present this well maintained 7-unit investment
opportunity in the highly sought-after and fast growing area of
Pico Union / Koreatown. Situated on a 5,904 square foot parcel, the
property is comprised of one single unit, four one-bedroom units,
and two two-bedroom units amounting to 4,064 square feet of living
space. Originally built in 1960 (2 units have recently been
remodeled), the subject property features functional and versatile
layouts to accommodate various tenant preferences and each unit is
equipped with separately metered gas and electricity, minimizing
operational costs and complexities. Additionally the property
offers on-site laundry, ample parking with space to accommodate up
to eight vehicles, and has had the soft story retrofit work
completed. The property has significant rental upside through unit
renovations and can present an opportunity for development-minded
investors thanks to the LAR3 zoning. Ideally located within a short
distance to the hubs of Koreatown, Pico Union, DTLA, and easy
access to freeways, public transportation, schools, shops, dining,
and entertainment. The continued gentrification of the surrounding
area along with the value-add potential for a new owner makes 1138
S Mariposa an excellent acquisition for the most discerning
investor. **Cap Rate of 8+% & GRM of 8.98% is based on projected
income, not actual.**
The manager has listed the unit size as 4064 square feet.
The manager has listed the unit size as 4064 square feet.
Unit Size
4,064Ft²
Days on Market
273 days
Land Size
0.14 acres
Price per sqft
$369
Property Type
Property
Property Taxes
-
HOA Dues
-
Year Built
1960
Listed By
Last updated: 17 days ago (CLAWCA #299041)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Nov 8, 2023 | Price Decreased |
$1,499,000
↓ $66K
(4.2%)
|
|
Price Decreased | |||
Aug 9, 2023 | Listed by Compass | $1,565,000 | |
Listed by Compass | |||
May 4, 2018 | Sold to Ki Seok Oh, Sunny Kilsoon Oh | $1,460,000 | |
Sold to Ki Seok Oh, Sunny Kilsoon Oh |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Multifamily
8
Beds
5
Baths
3,828 ft²
$372/ft²
$1,422,700
Oct 27, 2023
-
-
Active
Multifamily
5
Beds
5
Baths
5,083 ft²
$315/ft²
$1,599,500
Jul 2, 2023
-
-
In Contract
Multifamily
10
Beds
6
Baths
4,204 ft²
$309/ft²
$1,300,000
Aug 25, 2023
-
-
Active
Multifamily
2
Beds
1
Bath
3,396 ft²
$353/ft²
$1,200,000
Jun 18, 2023
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
1138 South Mariposa Avenue
1138 South Mariposa Avenue, Los Angeles, CA 90006
- 1 Unit for Sale