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Multifamily

1205 S Mariposa Ave

1205 S Mariposa Ave, Los Angeles, CA 90006

Listing Price: $1,500,000

Cap Rate
6.49%
GRM
9.98
Price/Gross SF
$342.47
Gross SF
4,380

Investment Overview

Marcus and Millichap is pleased to present a ten (10) unit apartment building located at 1205 S Mariposa Avenue in Los Angeles, California. The subject property is located in a solid Pico Union location, north of Pico Blvd and east of Normandie Ave.
Built in 1926, this property consists of a good unit mix of six (6) studios and four (4) one-bedroom units. It offers a very strong initial cap rate of 6.49%, presenting an attractive investment opportunity with solid returns. The character Spanish-style bungalows are gated and secure, with a center courtyard and easily maintained landscaping. There is also ample street parking available for both tenants and visitors. Positioned adjacent to Koreatown, the property provides convenient access to major commercial corridors like Vermont Avenue, Western Avenue, and Wilshire Boulevard, as well as the 10, 110, and 101 freeways. With such close proximity to the Koreatown commercial corridor, tenants can enjoy nearby
amenities such as The Wiltern, CGV Cinemas, Koreatown Galleria, and Park’s BBQ. Additionally, outdoor recreation options like Seoul International Park and Normandie Recreation Center are located
nearby, making this a desirable investment opportunity.
Situated in a solid Pico Union location, this property offers a strong initial cap rate of 6.49% as well as easy access to key amenities and transit options nearby.

Investment Highlights

  • Solid Pico Union Location
  • Solid Rental Upside Potential
  • Strong Initial Cap Rate of 6.49%
  • First Time on Market in 38 Years
  • Adjacent to Prime Koreatown
  • Character Spanish-Style Bungalows
  • Property is Gated and Secure
  • Easily Maintained Landscaping with Small Center Courtyard

Exclusively Listed By

Financing By

Multifamily

1205 S Mariposa Ave

Listing Price: $1,500,000

Cap Rate
6.49%
GRM
9.98
Price/Gross SF
$342.47
Gross SF
4,380

Investment Highlights

  • Solid Pico Union Location
  • Solid Rental Upside Potential
  • Strong Initial Cap Rate of 6.49%
  • First Time on Market in 38 Years
  • Adjacent to Prime Koreatown
  • Character Spanish-Style Bungalows
  • Property is Gated and Secure
  • Easily Maintained Landscaping with Small Center Courtyard

Investment Overview

Marcus and Millichap is pleased to present a ten (10) unit apartment building located at 1205 S Mariposa Avenue in Los Angeles, California. The subject property is located in a solid Pico Union location, north of Pico Blvd and east of Normandie Ave. Built in 1926, this property consists of a good unit mix of six (6) studios and four (4) one-bedroom units. It offers a very strong initial cap rate of 6.49%, presenting an attractive investment opportunity with solid returns. The character Spanish-style bungalows are gated and secure, with a center courtyard and easily maintained landscaping. There is also ample street parking available for both tenants and visitors. Positioned adjacent to Koreatown, the property provides convenient access to major commercial corridors like Vermont Avenue, Western Avenue, and Wilshire Boulevard, as well as the 10, 110, and 101 freeways. With such close proximity to the Koreatown commercial corridor, tenants can enjoy nearby amenities such as The Wiltern, CGV Cinemas, Koreatown Galleria, and Park’s BBQ. Additionally, outdoor recreation options like Seoul International Park and Normandie Recreation Center are located nearby, making this a desirable investment opportunity. Situated in a solid Pico Union location, this property offers a strong initial cap rate of 6.49% as well as easy access to key amenities and transit options nearby.

Exclusively Listed By

Financing By

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