1214 S Mariposa Avenue
Los Angeles, CA 90006
Active for $1,800,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 5,906 sqft
| MLS | PW24251716 |
| Year Built | 1917 |
| Property Type | Condominium |
| County | Los Angeles |
| Status | Active |
| Active | $1,800,000 |
| Structure Size | N/A sqft |
| Lot Size | 5,906 sqft |
| Beds | N/A |
| Baths | N/A |
Description
1214 South Mariposa Avenue is a charming seven-unit property offering 3,360 rentable square feet on a 5,904-square-foot LAR3-zoned lot. The property features seven one-bedroom, one-bathroom units, with four units fully remodeled and currently vacant. Each unit is detached, averaging approximately 480 square feet, and individually metered for gas and electricity, with separate water heaters for added convenience. Three of the seven units are scheduled to be vacant, presenting a unique opportunity for a new owner to customize occupancy. Located in the rapidly growing Koreatown neighborhood, this property benefits from proximity to Pico Boulevard and Normandie Avenue on a street experiencing significant improvements. Residents enjoy easy access to Koreatown's vibrant dining, shopping, entertainment, and employment opportunities, as well as nearby hotspots in Hollywood and Downtown Los Angeles. Boasting a "Walker's Paradise" Walk Score of 92, the location allows most daily errands to be completed on foot. Nearby attractions include Monty's Good Burger, Park's BBQ, California Marketplace, and an array of local eateries and bars. With ongoing development and revitalization in the area, 1214 South Mariposa Avenue offers significant value-add potential. A new owner can reposition the vacant units, select tenants, and further enhance the property’s appeal. This property, located within the City of Los Angeles, is subject to rent control regulations, making it a compelling acquisition for investors seeking a combination of stable income and growth potential.
Listing information courtesy of: Tommy Kim, Lifetime Realty Inc 714-363-3888. *Based on information from the Association of REALTORS/Multiple Listing as of 01/10/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Nathan Heilbrun
REALTOR®
Direct: 818.913.1182
Email: Email Me
DRE: 02215549
DRE #01873088
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