328 N Mariposa, Los Angeles, CA 90004

Property Description

Back on Market, Buyer did not perform, Back on Market Buyer did not Perform We are pleased to present a four (4) unit apartment building located at 328 N Mariposa Avenue in Los Angeles, The subject property is located in a solid Koreatown location, north of Beverly Boulevard and west of Vermont Avenue. This property offers a solid Koreatown location with a streamlined unit mix of all two-bedroom units, some of which features views of the Hollywood Sign. Three units are currently taken down to the studs, with approved plans in place and permits paid to convert them into spacious three-bedroom two baths layouts, enhancing rental potential. New roof is allready in place, Each unit is separately metered for gas and electricity, while a four-car garage in the rear provides additional upside through the opportunity to convert into multiple ADUs under SB1211 and still have parking for about 9 cars parking is very scarce in this area, The building benefits from lush front-yard landscaping that enhances curb appeal and sits in a prime position with dominant access to major commercial corridors including Normandie Avenue, Beverly Boulevard, Western Avenue, and Vermont Avenue. With its solid Korea town location, value-add potential, and multiple avenues for unit and ADU conversion, this property presents a rare opportunity for investors to capture strong long-term rental upside.