Los Angeles, CA 90020,400 S Mariposa Avenue
Los Angeles, CA 90020,400 S Mariposa Avenue
Los Angeles, CA 90020,400 S Mariposa Avenue
Los Angeles, CA 90020,400 S Mariposa Avenue
Los Angeles, CA 90020,400 S Mariposa Avenue
Los Angeles, CA 90020,400 S Mariposa Avenue
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$ 5,750,000
Est. payment | /mo

16,736 SqFt


$ 5,750,000
Est. payment | /mo

16,736 SqFt

Key Details

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Active

Purchase Type For Sale

Square Footage 16,736 sqft

Price per Sqft $343

MLS Listing ID CL25540085

HOA Y/N No

Year Built 1956

Lot Size 0.346 Acres

Acres 0.35

Property Sub-Type Comm Ind For Sale

Property Description

THE OPPORTUNITY: 400 S Mariposa Ave offers a chance to acquire a 25-unit multifamily asset on a corner lot in the heart of Koreatownone of Los Angeles' most resilient and renter-driven submarkets, where demand continues to outpace even robust new supply. The 13 renovated units are achieving market-making rents, while the remaining 12 units presents over 30% upside through a proven renovation and turnover strategy. The asset is located on the corner of Mariposa Ave and 4th Street, near Koreatown's densest commercial corridor and benefits from approx. 19 parking spaces and separately metered gas and electric utilities. Building system upgrades and strong current collections add to the asset's operational appeal. THE ASSET: Originally built in 1956, 400 S Mariposa is a well-maintained, 25-unit mid-century apartment building situated on a quiet residential corner lot. The property spans 16,736 square feet across a 15,070 SF double lot, zoned LAR4. Thirteen units have been upgraded with modern interiors, featuring new flooring, renovated kitchens and bathrooms, and contemporary finishes. The remaining units are in clean, classic condition and offer immediate value-add potential through cosmetic renovations. Current operations are stable, with strong collections and ample room for rent

Location

State CA

County Los Angeles

Zoning LAR4

Interior

Heating Wall Furnace

Fireplace No

Exterior

Total Parking Spaces 19

Building

New Construction No

Others

Tax ID 5502014008

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Bridge MLS
Listed by Mark Ventre • Lyon Stahl Investment Real Estate, Inc.
agent-avatar

+1(925) 808-9139

justinkenney96@gmail.com

9030 BRENTWOOD BLVD, BRENTWOOD, California, 94513, United States

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400 S Mariposa Avenue