932 South Mariposa Avenue

Los Angeles CA 90006

8496 sq. ft.

6411 sq. ft.

Other

Currently for sale - view listing

Overview

We are pleased to present a sixteen (16) unit apartment building located at 932 S Mariposa Avenue in Los Angeles, California. The subject property is located in an ideal Koreatown location, south of Wilshire Boulevard and west of Vermont Avenue. This well-maintained 16-unit multifamily property offers an excellent unit mix consisting of twelve (12) studios, three (3) one-bedroom units, and one (1) spacious two-bedroom unit - ideal for attracting a wide range of tenants. One (1) unit will be delivered vacant, presenting immediate leasing. With solid remaining rental upside, investors can benefit from long-term value growth. The gated property features attractive curb appeal, easily maintained landscaping, a security system, and an on-site laundry room for added tenant convenience. There is a communal balcony on the second floor, and ample street parking is available. Ideally located in the heart of Koreatown, the property provides dominant access to major commercial corridors such as Vermont Ave, Normandie Ave, Western Ave, and Wilshire Blvd. With a strong in-place cash flow reflected by a 8.39% cap rate and a prime centralized location in the heart of Koreatown, this property presents a compelling investment opportunity for buyers seeking both stability and long-term growth potential in one of Los Angeles' most active markets.

Features

5 bedrooms

16 bathrooms

8496 sq. ft. floor area

6411 sq. ft. lot size

Other

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