1102 S Mariposa Ave - Apartments FOR SALE


Los Angeles, CA 90006- Harvard Heights
$2,875,000 USD
213-248-7047
1102 S Mariposa Ave, Los Angeles, CA for Sale
$2,875,000 USD
Apartments - FOR SALE
1/25
null | 7% Cap Rate

1102 S Mariposa Ave
Los Angeles, CA 90006
Harvard Heights


HIGHLIGHTS

  • 7% Cap Rate and 8.09 GRM Day 1
  • Value-Added Opportunity with Significant Rental Upside
  • Will be delivered with 4 Vacancies
  • Individually Metered for Electricity
  • New roof in 2023

OVERVIEW

1102 S Mariposa Ave is a 24-unit apartment community constructed in 1927. Situated in the Koreatown submarket on a corner lot, the property consists of (24) Studio/One-Bathroom units, totaling an average of approximately 400 square feet per unit. Several units on the south side of the 1st floor have sliding glass doors that open to a patio area. The property is individually metered for electricity and master metered for gas and water. The roof was replaced approximately two years ago. There is an on-site, coin-operated laundry room for tenants' convenience. All entrances are secured and there is a large storage room in the basement as well as a small storage shed to the rear of the property.

FOR SALE DETAILS

PRICE

$2,875,000 USD

PRICE/SF

$293 USD /SF

# OF UNITS

24

PRICE/UNIT

$119,792

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

24 Units at a 7% Cap Rate & $119K Per Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,907 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

5078-021-027

ASK ABOUT THIS PROPERTY

Alex PetersonNorthmarqMore Info
213-248-7047

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Alex PetersonNorthmarqMore Info
213-248-7047

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.