730 N Mariposa Ave | Los Angeles, CA 90029
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- LoopNet Team
730 N Mariposa Ave
Los Angeles, CA 90029
28 Units Value-Add in East Hollywood · Multifamily Property For Sale
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28 Units
INVESTMENT HIGHLIGHTS
- Current Ownership has Completed Extensive Renovations to the Common Area and 25% of Units
- Brand New Construction Surrounds The Marc Demonstrating the Influx of New Capital Pouring Into the Neighborhood
- New Ownership has an Opportunity to Add Additional Units Through the State’s Favorable Accessory Dwelling Unit (ADU) Program
- Investors Will Have an Excellent Opportunity to Continue These Improvements in the Remaining Units and Capture an Estimated 44% Upside
- Located in a Designated Opportunity Zone and May Be Eligible for Preferential Tax Treatment
PROPERTY FACTS
| No. Units | 28 | Building Size | 20,358 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 1.07/1,000 SF |
| Lot Size | 0.43 AC | ||
| Zoning | LARD1.5 | ||
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 20,358 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.07/1,000 SF |
| Zoning | LARD1.5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
SITE AMENITIES
- Laundry Service
- Recycling
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 21 | - | - |
| 2+1 | 7 | - | - |
PROPERTY TAXES
| Parcel Number | 5538-007-030 | Improvements Assessment | $2,122,416 |
| Land Assessment | $4,855,026 | Total Assessment | $6,977,442 |
PROPERTY TAXES
Parcel Number
5538-007-030
Land Assessment
$4,855,026
Improvements Assessment
$2,122,416
Total Assessment
$6,977,442
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