Address
400 South Mariposa Avenue Los Angeles, CA
Price
$ 6,195,000
Property Attributes
  • MLS#0021728842
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid-Wilshire
  • Zip90020
  • Style
  • Price$ 6,195,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage16736
  • Lot Size0.34 Acres
Listing Provided Courtesy Of:
Iconic Investments
Data Source:
California Desert Association of REALTORS
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
5/12/2021 Listed $6,195,000

General Features

Cooling Wall/Window Unit(s)
Flooring Wood
Heating Wall Furnace
MLS Area C17 - Mid-Wilshire
Parking Features Controlled Entrance
Security Features Automatic Gate
Senior Community Y/N No
Spa Features Community
Zoning LAR4

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Kitchen Appliances Disposal, Dishwasher

Exterior Features

Building Area Total 16736.0
Land Lease Type Fee
Lot Size Acres 0.34
Lot Size Area 15070.0
Lot Size Square Feet 15070.0
Lot Size Units Square Feet
Numberofunitsbuildings 1
Pool Y/N? Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90020

Price
AVG $3.65M
$6.2M
Year Built
AVG 1941
1956

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