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724 S Mariposa Ave
Los Angeles, CA 90005
Price Reduced 7.11% CAP! 7.24 GRM! · Multifamily Property For Sale
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40 Units
Investment Highlights
- Great Location in Koreatown / Walking Distance to Wilshire and Metro
- On-Site Subterranean Parking for 20 Vehicles
- Low Cost per SF of $206
- Actual Cap Rate of 6.40% With Upside To 8.35% | Current GRM of 8.05
- Ownership Has Already Implented Rubs on Newer Tenants
- First Time On The Market In Over 30 Years
Property Facts
| No. Units | 40 | Lot Size | 0.19 AC |
| Property Type | Multifamily | Building Size | 24,200 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1930 |
| Building Class | C | Parking Ratio | 0.83/1,000 SF |
| Zoning | R5-4, Los Angeles | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 24,200 SF |
| No. Stories | 5 |
| Year Built | 1930 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | R5-4, Los Angeles |
Amenities
Unit Amenities
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,695 | 650 |
| Studios | 32 | $1,375 | 300 - 400 |
Property Taxes
| Parcel Number | 5094-006-007 | Improvements Assessment | $693,354 |
| Land Assessment | $868,426 | Total Assessment | $1,561,780 |
Property Taxes
Parcel Number
5094-006-007
Land Assessment
$868,426
Improvements Assessment
$693,354
Total Assessment
$1,561,780
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