1018 North Mariposa Avenue
1018 North Mariposa Avenue Los Angeles, California 90029 United States

$6,000,000
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1018 N. Mariposa is adjacent to1006 N. Mariposa, totaling .97 acres of flat land in the heart of Los Angeles. This 24-unit two story walk-up complex was originally built in 1958 on a large 14,462 Sq. Ft. lot. The building has a newer pitched...

David Ballin Kaufman

Listing Courtesy of David Ballin Kaufman
$6,000,000
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.33 Acres
Exterior
Residential Income
Property type
1958
Year Built
21760734
Web Id
21760734
MLS ID
Los Angeles Unified
School District
144
days ago

About 1018 North Mariposa Avenue

1018 N. Mariposa is adjacent to1006 N. Mariposa, totaling .97 acres of flat land in the heart of Los Angeles. This 24-unit two story walk-up complex was originally built in 1958 on a large 14,462 Sq. Ft. lot. The building has a newer pitched roof, is separately metered and has had many upgrades including window replacement in about half the units as well as air conditioning in some. There are 15 parking spaces and on-site laundry room. Steps away from Santa Monica Boulevard and walking distance to the Metro. This property is part of a 10-property portfolio totaling 186 units. Most of the properties are in the 90029 & 90006 zip codes of Los Angeles, CA. These well-located properties offer convenient access to Downtown Los Angeles & Mid-Wilshire and can be managed efficiently due to their proximity to one another. The properties are well maintained and have had many exterior and interior improvements. There is still +28% upside to be realized as units turn and the opportunity to construct two additional units already permitted at 1006 Mariposa. This infill multifamily portfolio is in an improving submarket in LA and gives an investor diversification amongst 12 different APNs and proven upside through continued unit turns.

Listing Courtesy of David Kaufman, David Ballin Kaufman, 01217537, Active

Amenities

  • Dishwasher

PROPERTY INFORMATION

Appliances
Dishwasher, Microwave
Parking Description
Covered, Carport, Uncovered

ADDITIONAL INFORMATION

Number of Units
24

1018 North Mariposa Avenue, Los Angeles, California 90029 United States is a Residential Income for Sale for $6,000,000. Was built in 1958,  on a lot of .33 Acres ( m2) and it's composed from .


Listing Courtesy of David Ballin Kaufman

David Ballin Kaufman

Listing Courtesy of David Ballin Kaufman
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Based on information from CRISNet MLS as of at the data was obtained. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.