Overview
- 16
- 25
- 16736
- 1956
Description
Investment Highlights: 30%+ Rental Upside, Half of units considerably under-market presenting a great opportunity to improve income. Repositioned + Value-Add ~50% of units upgraded with modern finishes, remaining units primed for cosmetic improvements. Walk Score of 92 “Walker’s Paradise” designation with immediate access to shopping, transit, and Koreatown nightlife. Upgraded Systems New plumbing, electrical panels and windows help to reduce future CapEx exposure. RUBS Implementation: Recovers water/sewer and trash expenses for most renovated units. Large Corner Lot situated on a double lot located on the corner of Mariposa Ave and 4th Street. This quiet residential pocket is blocks from 6th St and Koreatown’s commercial core. 24 Parking Spaces Provides plenty of rare off-street parking advantage in a dense, transit-friendly urban core. LAR4 Zoning Adds long-term development or repositioning options in a rapidly evolving corridor.
Address
Open on Google Maps- Address Mariposa
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90020
Details
Updated on July 24, 2025 at 9:07 am- Property ID: HZ25569271
- Price: $5,300,000
- Property Size: 16736 Sq Ft
- Bedrooms: 16
- Bathrooms: 25
- Year Built: 1956
- Property Status: ResidentialIncome
- Listed by: Mark Ventre
- DRE #: 01811490
- Contact Mail: mark.ventre@lyonstahl.com
- Brokered by: Lyon Stahl Investment Real Estate, Inc.
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