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Listed by: Mark Ventre (323) 202-9741 DRE #01811490 | Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
$4,795,000
16 Beds
- 25 Baths
16,736sqft
400 S Mariposa Ave, Los Angeles, CA 90020
$4,795,000
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Multi Family
Built in 1956
$-- HOA
15,075 sqft lot
$287/sq.ft
Description
Investment Highlights: 30%+ Rental Upside, Half of units considerably under-market presenting a great opportunity to improve income. Repositioned + Value-Add ~50% of units upgraded with modern finishes, remaining units primed for cosmetic improvements. Walk Score of 92 "Walker's Paradise" designation with immediate access to shopping, transit, and Koreatown nightlife. Upgraded Systems New plumbing, electrical panels and windows help to reduce future CapEx exposure. RUBS Implementation: Recovers water/sewer and trash expenses for most renovated units. Large Corner Lot situated on a double lot located on the corner of Mariposa Ave and 4th Street. This quiet residential ...
Continue ReadingProperty Details
Status
Pending
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1956
HOA Fees
-
Finished Area
16,736 sqft
Lot Size
15,075 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26654767
MLS Status
Pending
Days on Market
165
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