Los Angeles, CA 90006,1214 S Mariposa AVE
Los Angeles, CA 90006,1214 S Mariposa AVE
Los Angeles, CA 90006,1214 S Mariposa AVE
Los Angeles, CA 90006,1214 S Mariposa AVE
Los Angeles, CA 90006,1214 S Mariposa AVE
Los Angeles, CA 90006,1214 S Mariposa AVE
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Mon
23
Dec
Tue
24
Dec
Wed
25
Dec
$ 1,800,000
Est. payment | /mo

5,906 Sqft Lot


Save
$ 1,800,000
Est. payment | /mo
Save

5,906 Sqft Lot

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24251716

HOA Y/N No

Year Built 1917

Lot Size 5,906 Sqft

Property Description

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 480 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.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR3

Interior

Fireplace No

Appliance Dryer

Laundry Gas Dryer Hookup, Laundry Closet

Exterior

Pool None

Community Features Street Lights, Sidewalks

Private Pool No

Building

Lot Description No Landscaping

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5078034024

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Tommy Kim • Lifetime Realty Inc • 714-728-6564
agent-avatar

+1(818) 445-0557

abmorales1@gmail.com

21021 Ventura Blvd., # 103, Hills, CA, 91364, United States

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Go tour this home

1214 S Mariposa AVE