818 South Mariposa Avenue, Los Angeles, CA 90005

$4,500,000 Approx. USD 0 beds, 0 baths
12,142 sqft

Agent Remarks

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 Details

Property type: (Multi-Family)
Status: Active
MLS# AR16709961
List price is $4,500,000
Beds: 0
Baths: 0
Built in 1940
12,142 sqft
2 stories
0.24 acres
Lot size: 10829.000
County: Los Angeles
Zoning: LAR4
MLS area: KREA - Koreatown

Last Updated: 10/3/2016

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This listing belongs to the KREA - Koreatown MLS area

The listing is zoned LAR4.
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Lat/Long: 34.057056, -118.298386.
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Broker: Courtesy of Growth Investment Group, Inc.
Listing Agent: Justin McCardle

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Area Overview

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.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

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