514 S Mariposa Avenue, Los Angeles, CA 90020
List Price: $3.7M
Listing Status: Active
0Days on Market: 0
17 Bedrooms · 19 Bathrooms · 12,294 sq ft
Property Type: ResidentialIncome
Year Built: 1960
Lot Size: 11,254 sq ft
Private Pool: Yes
MLS Number: 26844845
About This Property
Twelve of the nineteen units have been fully renovated to a high-end specification, quartz countertops, stainless appliances, split-system A/C, hardwood-style flooring, and updated baths. The remaining units present a clear, repeatable renovation path with approximately 20% rental upside. At full market rents the cap rate expands from 6.02% to 8.96%, one of the most compelling current-to-market spreads available in mid-market Koreatown.
Listing provided by: Mark Ventre DRE #01811490 310-425-9838 mark.ventre@lyonstahl.com, Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS, MLS #: 26844845
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.