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17-Bedroom Residential Income - 514 S Mariposa Avenue, Los Angeles, CA

$3,700,000

514 S Mariposa Avenue, Los Angeles, CA

514 S Mariposa Avenue, Los Angeles, CA 90020 - $3,700,000 · 17 bd 19 ba Multi-Family Home for Sale, photo 1 514 S Mariposa Avenue, Los Angeles, CA 90020 - $3,700,000 · 17 bd 19 ba Multi-Family Home for Sale, photo 2 514 S Mariposa Avenue, Los Angeles, CA 90020 - $3,700,000 · 17 bd 19 ba Multi-Family Home for Sale, photo 3 514 S Mariposa Avenue, Los Angeles, CA 90020 - $3,700,000 · 17 bd 19 ba Multi-Family Home for Sale, photo 4 514 S Mariposa Avenue, Los Angeles, CA 90020 - $3,700,000 · 17 bd 19 ba Multi-Family Home for Sale, photo 5
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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.

Property details

Bedrooms
17
Bathrooms
19
Square feet
12,294
Year built
1960
Property type
Residential Income
Lot size
11,254 sqft

Location

514 S Mariposa Avenue • Los Angeles, CA 90020

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Listed by

Mark Ventre · Lyon Stahl Investment Real Estate, Inc.

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Listing courtesy of Lyon Stahl Investment Real Estate, Inc.. Information deemed reliable but not guaranteed.

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