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Nabi 744 S Mariposa Ave 31 Unit Apartment Building $10,000,000 ($322,581/Unit) Los Angeles, CA 90005
Investment Highlights
- Unmatched Unit Interiors: Wide Plank Hardwood Flooring, Oversized Bathrooms, Quartz Countertops, Modern Cabinets, Central A/C and Heat, Keyless Entry
- Fully Parked: Two Floors of Parking, 32 Total Parking Spaces
- Available for Purchase Below Developer's Basis and at a Steep Discount to Replacement Costs
- Stellar Building Amenities: Fitness Center, Recreation Room, EV Charging Stations, Onsite Laundry, Storage Rooms, Rooftop Patios, and Bike Parking
- Transit Oriented Community: Walking Distance to the Purple Line Station on Wilshire Provides Tenants with Easy Access to West LA
Executive Summary
Jones Lang LaSalle Americas, Inc., as exclusive advisor, is pleased to present for sale Nabi Apartments (the “Property”), an exceptional boutique 31-unit multihousing investment opportunity located in the epicenter of Los Angeles’ renowned Koreatown neighborhood. This Class A asset represents a rare opportunity to acquire a recently delivered apartment community in one of Los Angeles’ most dynamic and culturally vibrant urban submarkets.
Delivered in 2022, Nabi Apartments showcases contemporary architectural design and beautifully finished interior units with modern finishes throughout. The Property comprises 31 thoughtfully designed residential units spanning studio and onebedroom configurations, with spacious floor plans averaging 639 square feet. This generous unit sizing provides residents with comfortable living spaces that exceed typical urban apartment standards.
Strategically positioned between Wilshire Boulevard and 8th Street, Nabi Apartments is surrounded by an exceptional retail environment with over 5.5 million square feet of retail space within a one-mile radius. The Property enjoys an unparalleled location in the heart of one of Koreatown’s most vibrant corridors, immersed among the neighborhood’s most popular restaurants, eateries, entertainment venues, shopping destinations, and cultural attractions. With an exceptional Walk Score of 96 (Walker’s Paradise), Nabi offers residents true urban convenience and immediate pedestrian access to lifestyle needs, cultural destinations, diverse dining options, retail amenities, and comprehensive local
transit options including Metro rail connectivity. This central location positions Nabi as an ideal residential choice for today’s urban professionals and renters seeking convenient, car-optional living with exceptional access to Los Angeles’ diverse amenities, entertainment districts, and major employment centers.
Delivered in 2022, Nabi Apartments showcases contemporary architectural design and beautifully finished interior units with modern finishes throughout. The Property comprises 31 thoughtfully designed residential units spanning studio and onebedroom configurations, with spacious floor plans averaging 639 square feet. This generous unit sizing provides residents with comfortable living spaces that exceed typical urban apartment standards.
Strategically positioned between Wilshire Boulevard and 8th Street, Nabi Apartments is surrounded by an exceptional retail environment with over 5.5 million square feet of retail space within a one-mile radius. The Property enjoys an unparalleled location in the heart of one of Koreatown’s most vibrant corridors, immersed among the neighborhood’s most popular restaurants, eateries, entertainment venues, shopping destinations, and cultural attractions. With an exceptional Walk Score of 96 (Walker’s Paradise), Nabi offers residents true urban convenience and immediate pedestrian access to lifestyle needs, cultural destinations, diverse dining options, retail amenities, and comprehensive local
transit options including Metro rail connectivity. This central location positions Nabi as an ideal residential choice for today’s urban professionals and renters seeking convenient, car-optional living with exceptional access to Los Angeles’ diverse amenities, entertainment districts, and major employment centers.
Property Facts
| Price | $10,000,000 | Lot Size | 0.19 AC |
| Price Per Unit | $322,581 | Building Size | 26,844 SF |
| Sale Type | Investment | Average Occupancy | 68% |
| No. Units | 31 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Parking Ratio | 1.19/1,000 SF |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | LAR5 | ||
| Price | $10,000,000 |
| Price Per Unit | $322,581 |
| Sale Type | Investment |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 26,844 SF |
| Average Occupancy | 68% |
| No. Stories | 6 |
| Year Built | 2022 |
| Parking Ratio | 1.19/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR5 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Double Pane Windows
- Freezer
- Intercom
Site Amenities
- Controlled Access
- Laundry Facilities
- Car Charging Station
- Elevator
- Online Services
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 19 | - | 538 - 650 |
| 1+1 | 12 | - | 607 - 823 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5094-006-004 | Improvements Assessment | $9,544,429 |
| Land Assessment | $3,458,108 | Total Assessment | $13,002,537 |
Property Taxes
Parcel Number
5094-006-004
Land Assessment
$3,458,108
Improvements Assessment
$9,544,429
Total Assessment
$13,002,537
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Contact the Sale Advisor
Nabi | 744 S Mariposa Ave