$1,800,000
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1214 Mariposa Avenue Los Angeles, CA 90006
Condo
Residence
Beds
Baths
...
Bed/Bath
3,360
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 48...0 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.
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MLS#
PW24251716
Property Type
Condo
Year Built
1917
Square Feet
3,360
sq. ft
Lot Size
0.14
Stories
1.0
Sewer
Public Sewer
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
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