400 S Mariposa AVE, Los Angeles, CA 90020
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400 S Mariposa AVE, Los Angeles, CA 90020
400 S Mariposa AVE, Los Angeles, CA 90020
400 S Mariposa AVE, Los Angeles, CA 90020
400 S Mariposa AVE, Los Angeles, CA 90020
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Cherrie And Zach

Cherrie And Zach

+1(661) 312-2536
$ 4,795,000
Est. payment /mo
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Price Dropped by $200K

400 S Mariposa AVE Los Angeles, CA 90020

16 Beds

25 Baths

16,736 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 16,736 sqft

Price per Sqft $286

MLS Listing ID 26654767

Bedrooms 16

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1956

Lot Size 0.346 Acres

Property 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 pocket is blocks from 6th St and Koreatown's commercial core. 24 Parking Spaces Provides plenty of rare off-street parking advantage in a dense, transit-friendly urban core. LAR4 Zoning Adds long-term development or repositioning options in a rapidly evolving corridor.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR4

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator

Exterior

Parking Features Covered, Gated, Shared Driveway, Side By Side

Community Features Gated

View Y/N No

View None

Total Parking Spaces 24

Building

Faces West

Entry Level Two

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5502014008

Security Features Gated Community

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Mark Ventre Lyon Stahl Investment Real Estate, Inc. #01811490

Nearby Locations

Cherrie And Zach

Cherrie And Zach

Broker || Owners | License ID: 01904568

+1(661) 312-2536

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400 S Mariposa AVE