514 S Mariposa Avenue, Los Angeles, CA 90020
- $3,700,000
- 17
- BD
- 19
- BA
- 12,294
- SqFt
Listing courtesy of Listing Agent: Mark Ventre (mark.ventre@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
- List Price
- $3,700,000
- Status
- ACTIVE
- Days on Market
- 60
- MLS#
- 26844845
- Subtype
- Residential Income
- Year Built
- 1960
- Bedrooms
- 17
- Bathrooms
- 19
- Living Area
- 12,294
- Lot Size
- 11,254
- Acres
- 0.26
- MLS Area Major
- Mid-Wilshire (C17)
Property Description
Twelve of the nineteen units have been fully renovated to a high-end specification, quartz countertops, stainless appliances, split-system A/C, hardwood-style flooring, and updated baths. The remaining units present a clear, repeatable renovation path with approximately 20% rental upside. At full market rents the cap rate expands from 6.02% to 8.96%, one of the most compelling current-to-market spreads available in mid-market Koreatown.
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Additional Information
- Interior Features
- Ceiling Fan(s)
- Zoning
- LAR4
- Appliances
- Dishwasher, Disposal, Microwave, Range, Refrigerator, Range Hood
- Heating
- Wall Furnace
- Air Conditioning
- Yes
- Stories
- Two Levels
- Levels
- Two
- Pool Type
- None
- Parking Features
- Covered, Gated
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.