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200 N Mariposa Ave, Los Angeles, CA 90004
$1,350,000
200 N Mariposa Ave, Los Angeles, CA 90004View this property at 200 N Mariposa Ave, Los Angeles, CA 90004
200 N Mariposa AveLos AngelesCA90004
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Property Description
With a unit mix that includes both one- and two-bedroom units, the 4,922 square foot building sits on a corner lot. A new investor may be able to capitalize on the substantial rent upside, as current rents average only $1.86 per square foot while similar apartments in the area are renting for more than $3.00 per square foot. The current owner completed all required seismic retrofit repairs in 2022 (Buyer to verify), benefitting a new investor by allowing them to avoid an otherwise major capital expense. There is ample on-site parking, including four garage spaces, which helps to attract tenants in this dense residential neighborhood. Nestled between the thriving neighborhoods of Koreatown, Hancock Park, Silver Lake, and Hollywood, this location allows tenants access to several of Los Angeles' most popular dining and entertainment destinations. With a Walk Score of 86, the immediate neighborhood is "Very Walkable" while a Metro Red Line station is just blocks away on the corner of Beverly Boulevard and Vermont Avenue. Tenants are also drawn to the trendy Virgil Village and Larchmont Village, both of which are nearby as well.
Full Property Details
Full Property Details for 200 N Mariposa Ave
General
- Sold For: $1,350,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 24-348979
- Added to Site: 144 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 8
Bedrooms
- Total Bedrooms: 8
Additional Information
- Other Features: Other
Parking
- Garage Description: Assigned
Location
- Area: Mid-Wilshire
- County: Los Angeles
- Driving Directions: We are pleased to announce the opportunity to purchase 200 N Mariposa Avenue, a six-unit multifamily property located near the intersection of Beverly Boulevard and Normandie Avenue in Los Angeles, CA.
Heating & Cooling
- Cooling Type: Other
- Heating Type: Other
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 4,922
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1961
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 6
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 2
- Bedrooms: 2
Additional Structures
- Other Structures: Other
Lot Features
- Lot Size (Acres): 0.1389
- Lot Size: 6006
- Lot Size Source: Assessor
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $291.55
- Assessment Year: 1961
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5518-011-006
Listed and Sold by Marcus & Millichap, Roderick 'Rick' Raymundo
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Schools
Schools serving 200 N Mariposa Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
4211 Oakwood Ave, Los Angeles, CA 90004 | K-5 | 0.2 mi | |
152 N Vermont Ave, Los Angeles, CA 90004 | 6-8 | 0.5 mi | |
1575 W 2nd St, Los Angeles, CA 90026 | 9-12 | 2.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 200 N Mariposa Ave
Date
Details
Price
Change
Source
4/05/2024
Sold
$1,350,000
-5.92%
MLS
1/17/2024
Listed
$1,435,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
200 N Mariposa Ave, Los Angeles, CA 90004 (MLS# 24-348979) is a Multi-Family property that was sold at $1,350,000 on April 05, 2024. Want to learn more about 200 N Mariposa Ave? Do you have questions about finding other Multi-Family real estate for sale in Mid-Wilshire? You can browse all Mid-Wilshire real estate or contact a Coldwell Banker agent to request more information.