1148 N Mariposa Avenue,  Los Angeles CA, 90029 (Residential Income)

8,400 sqft
Status: Backup Offers
MLS#: 16165904
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Last Updated: 12/5/2016 8:47 PM
Description for 1148 N Mariposa Avenue Los Angeles, CA 90029
We are proud present 1148 N Mariposa Ave located in the heart of one of the most desirable, up and coming neighborhoods in Los Angeles, Koreatown. This rare investment opportunity, consists of (12) One-Bedroom / One-Bathroom units all distributed within 6 cottage style buildings, sitting on a 13,000 sqft LARD1.5 Lot. All units have their own washer and Dryer hook-ups as well as individual gas and electric meters. This property performs at a current cap rate of 3.78% and a pro-forma cap rate at 7.49% offering an investor substential rental upside.
Price
$2,450,000
Los Angeles
8,400 (approx)
16165904
Backup Offers
Description
We are proud present 1148 N Mariposa Ave located in the heart of one of the most desirable, up and coming neighborhoods in Los Angeles, Koreatown. This rare investment opportunity, consists of (12) One-Bedroom / One-Bathroom units all distributed within 6 cottage style buildings, sitting on a 13,000 sqft LARD1.5 Lot. All units have their own washer and Dryer hook-ups as well as individual gas and electric meters. This property performs at a current cap rate of 3.78% and a pro-forma cap rate at 7.49% offering an investor substential rental upside.
Listing Information
Property Type: Cluster, Other
0.29 Acres 1,299,900 sq.ft. 8,400 (approx)
$291.67 1921
12 Total
Neighborhood
Room Information
No Laundry Facility
Interior Features
None
None
Exterior / Lot Features
LARD2
Driving Directions
This property is located across the street from Ramona Elementary School on Mariposa Ave just south of Fountain Ave and North of Santa Monica Blvd, centrally located within walking distance of many restaurants, grocery stores, public transportation, and >
Financial Considerations
5540006001
,$46,935
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90029 has a population of 3,804,503.

The median household income in Los Angeles, California 90029 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90029 is 34.1 years.

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Courtesy: Marcus & Millichap Yohann Bensimon
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Information is deemed reliable but is not guaranteed.

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