818 S Mariposa Avenue,  Los Angeles CA, 90005 (Residential Income)

12,142 sqft
Status: Active
MLS#: AR16709961
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Last Updated: 12/5/2016 2:27 AM
Description for 818 S Mariposa Avenue Los Angeles, CA 90005
Growth Investment Group is proud to present The Mariposa Avenue Apartments; a 32+1 Non-Conforming (33) unit apartment community in the highly-desirable area of Koreatown. This offering presents a rare opportunity for an investor to acquire a well located, apartment community in one of the strongest sub-markets in the Los Angeles County. Koreatown is known for being one of the most culturally diverse neighborhoods in Los Angeles with a bustling economy that has grown tremendously over recent years. The property is situation a short drive away from highly desirable locations such as Downtown Los Angeles, Hollywood, Dodger Stadium, Santa Monica, the Griffith Observatory, the Walt Disney Concert Hall, and the Grove. The Mariposa Avenue apartments are a short walk away from numerous coffee shops, restaurants, gas stations, and grocery stores. Koreatown is west of downtown and south of Hollywood which makes it a PRIME location. The property consists of 32 “Light-house Keeping Room”, master-metered apartments. All units have bathrooms. Nearby neighborhoods include East Hollywood, Larchmont, Little Armenia, and the Hollywood District Studio. With a 29%+ rental upside, a walk score of 93, and transit score of 81 this property is a great buy for any investor.
Price
$4,300,000
Los Angeles
12,142 (approx)
AR16709961
Active
Description
Growth Investment Group is proud to present The Mariposa Avenue Apartments; a 32+1 Non-Conforming (33) unit apartment community in the highly-desirable area of Koreatown. This offering presents a rare opportunity for an investor to acquire a well located, apartment community in one of the strongest sub-markets in the Los Angeles County. Koreatown is known for being one of the most culturally diverse neighborhoods in Los Angeles with a bustling economy that has grown tremendously over recent years. The property is situation a short drive away from highly desirable locations such as Downtown Los Angeles, Hollywood, Dodger Stadium, Santa Monica, the Griffith Observatory, the Walt Disney Concert Hall, and the Grove. The Mariposa Avenue apartments are a short walk away from numerous coffee shops, restaurants, gas stations, and grocery stores. Koreatown is west of downtown and south of Hollywood which makes it a PRIME location. The property consists of 32 “Light-house Keeping Room”, master-metered apartments. All units have bathrooms. Nearby neighborhoods include East Hollywood, Larchmont, Little Armenia, and the Hollywood District Studio. With a 29%+ rental upside, a walk score of 93, and transit score of 81 this property is a great buy for any investor.
Listing Information
Property Type: Cluster, 2 Story
0.24 Acres 1,082,900 sq.ft. 12,142 (approx)
$354.14 1940
Yes- 2 spaces 2
33 Total
Neighborhood
Room Information
Common
Exterior / Lot Features
2 Garage Spaces, 2 Parking Spaces
None
No Pool
LAR4
Urban
Driving Directions
Just South of 8th, one block east of Normandie
Financial Considerations
5094017006
$332,421 Income ,$134,388Expense
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90005 has a population of 3,804,503.

The median household income in Los Angeles, California 90005 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 90005 is 34.1 years.

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Courtesy: Growth Investment Group, Inc. Justin McCardle
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Information is deemed reliable but is not guaranteed.

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