514 Mariposa Avenue, Los Angeles, CA 90020
  • MLS#: 25536561 ( )
  • Street Address: 514 Mariposa Avenue
  • Viewed: 1
  • Price: $4,250,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 0
  • Days On Market: 199
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90020
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Mark Mark
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Originally built in 1960, Mariposa514 offers the curb appeal and efficient layouts of a classic mid century asset paired with modern systems and interior finishes. The unit mix includes 17 large one bedrooms and 2 studios, totaling approximately 12,294 square feet on an 11,250 square foot LAR4 zoned lot. Renovated interiors feature quartz countertops, stainless steel appliances, split system A/C, custom tile, and updated baths with deep soaking tubs. All units are separately metered for gas and electricity. The property includes shared laundry, ample natural light, and solid in place tenancy. With no seismic retrofit obligation and a thoughtful renovation already executed, Mariposa514 is turnkey where it counts and still offers room to grow. The building has already undergone a substantial renovation program, with 12 of the 19 units upgraded to a luxury spec and achieving market making rents that rival new construction, but at a meaningfully lower basis.
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Features
Assetclass
  1. Multi-Family
Building Area Total
  1. 12294.00
Building Name
  1. Mariposa514
Construction Materials
  1. Stucco
Country
  1. US
Heating
  1. Wall Furnace
Land Use
  1. Multi-Family
Laundry Equipment Own Lease
  1. Lease
Laundry Features
  1. Community
Netoperatingincome
  1. 242454.00
Parcel Number
  1. 5502019006
Security Features
  1. Automatic Gate
Totalexpenses
  1. 145588.00
Year Built
  1. 1960
Zoning
  1. LAR4