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400 S Mariposa Avenue, Los Angeles, CA 90020
1
bed
2
baths
16736
ft2
· 15070
ft2 lot
$6,550,000
$391 / ft2
Listing provided courtesy of Peter Strauss, Iconic Investments.
Source CRMLS.
Mariposa 400 Apartments is a 25-unit apartment building located at 400 S Mariposa Avenue in the highly desirable Koreatown neighborhood of Los Angeles. Built in 1956, the property offers renters a high demand mix of 9 Studio and 16 One-Bedroom units across 16,738 square feet of improvements on 15,070 square feet (0.35 acres) of land.The thoughtfully maintained property features 13 extensively renovated units featuring new hardwood floors, kitchen cabinets, countertops, stainless-steel appliances, designer tiles, fixtures, and lighting. The bathrooms have been updated with modern vanities and tiles, bathtubs, and hardware. In addition, the building has been updated with new window and split system air conditioning. New ownership has the opportunity to capture 26% upside in rents through comprehensive renovations of the remaining unit interiors. The charming Mid-Century design, resort-style feel, and location are major draws for the Mariposa 400 Apartments.
HOA
$—/month
On market
6 months
Year built
1956
Property type
Multi-Family
Parking
MLS
20639422
Price / Sq.Ft.
$391 / ft2
Status
Active
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Based on a price of $6,550,000
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Property Details
Interior Features & Layout
Appliances
•   
Appliances: Dishwasher, Disposal
•   
Has Appliances
•   
Security Features: Automatic Gate
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
•   
Cooling Details: Wall/Window Unit(s)
Flooring
•   
Flooring: Wood
Interior Size
•   
Building Area Total: 16736.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Controlled Entrance
Lot Info
•   
Zoning: LAR4
•   
Lot Size Acres: 0.3400
•   
Lot Size Area: 15070.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 25
Property Features
•   
Pool Details: Community
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 417457.00
•   
Total Expenses: 159490.00
•   
Gross Multiplier: 15.46
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 423688.00
•   
Tax Year: 2020
•   
Taxes: 53194.0
Lease Info
•   
Net Operating Income: 257967.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 1487.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 16
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 23792.00
Multi Unit Information
•   
# Of Units: 13
•   
Price Per Unit: 262000
Unit 1 Information
•   
Unit 1 Total Units: 9
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1278.00
•   
Unit 1 Total Rent: 11502.00
School Neighborhood & Directions
Location
•   
Directions: Located North of Wilshire Blvd and East of Normandie Ave.
Other
Calculation
•   
Dom: 71
•   
Cdom: 71
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 12, 2021 10:28pm
Neighborhood snapshot
50
Properties for sale
23.5
Median days on market
$577.20
Median sold price/sqft
98.34%
Sold/List %
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Property History
09/29/2020
09/29/2020
CRMLS #20639422
active
CRMLS #20639422
$6,550,000
+71.92%
01/12/2015
01/12/2015
Public Record
sold
Public Record
$3,810,000
+42.43%
12/16/2012
12/16/2012
Public Record
sold
Public Record
$2,675,000
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