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.
Total population of , which has changed by % since 1990.
The median age of the population is , while the median
age of dwellings is .
Out of households, are families.