1049 N Mariposa Avenue

    Los Angeles (City), CA 90029
    • $2,350,000
    • STATUS: Active
    • ON SITE: 181 days
    • ID#: 18379024
    UPDATED: 32 min ago
    $2,350,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,832
      SQFT
    • $344
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    This rare offering provides investors with an opportunity to acquire an asset that can potentially be delivered with five of the units vacant at close of escrow. The building features secured front entry and parking for ten cars. Parking is tuck-under and may need seismic retrofitting (buyer to independently investigate). The property is subject to Los Angeles rent control. Due to rent control many of the units are rented well below market rents and provide strong upside potential.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T12:36:35.593. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/86848354

    1049 N Mariposa Avenue Los Angeles (City), CA 90029

    • Price: $2,350,000
    • Status: Active
    • Updated: 32 min ago
    • ID#: 18379024
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    6,832
    SQFT
    $344
    $/SQFT
    1957
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    This rare offering provides investors with an opportunity to acquire an asset that can potentially be delivered with five of the units vacant at close of escrow. The building features secured front entry and parking for ten cars. Parking is tuck-under and may need seismic retrofitting (buyer to independently investigate). The property is subject to Los Angeles rent control. Due to rent control many of the units are rented well below market rents and provide strong upside potential.
    Exterior Features

    Lot Size Units Square Feet Parking Features Covered ParkingGatedUncovered Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Gross Multiplier 14.44 Gross Operating Income 157908.00 Improvements Amount 470995 Land Value 847793 Laundry YN Yes Net Operating Income 92846.00 Special Listing Conditions Standard Total Expenses 65062.00 Zoning Lac2

    Listing provided courtesy of Bryan Glenn of Charles Dunn Company Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T12:36:35.593. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024