818 Mariposa Avenue

Los Angeles, California 90005
For Sale $4,300,000
  • 0.24 acre lot
  • Built 1940
  • Multi-Residential Building
  • MLS# AR16709961
  • Status Active

More Property Info for 818 Mariposa Avenue

Growth Investment Group is proud to present The Mariposa Avenue Apartments; a 32+1 Non-Conforming (33) unit apartment community in the highly-desirable area of Koreatown. This offering presents a rare opportunity for an investor to acquire a well located, apartment community in one of the strongest sub-markets in the Los Angeles County. Koreatown is known for being one of the most culturally diverse neighborhoods in Los Angeles with a bustling economy that has grown tremendously over recent years. The property is situation a short drive away from highly desirable locations such as Downtown Los Angeles, Hollywood, Dodger Stadium, Santa Monica, the Griffith Observatory, the Walt Disney Concert Hall, and the Grove. The Mariposa Avenue apartments are a short walk away from numerous coffee shops, restaurants, gas stations, and grocery stores. Koreatown is west of downtown and south of Hollywood which makes it a PRIME location. The property consists of 32 “Light-house Keeping Room”, master-metered apartments. All units have bathrooms. Nearby neighborhoods include East Hollywood, Larchmont, Little Armenia, and the Hollywood District Studio. With a 29%+ rental upside, a walk score

Property Highlights

  • Los Angeles County
  • Lot: 0.24 acres
  • Built 1940
  • Geo Coordinates: 34.057, -118.298
  • ZIP: 90005
  • Days On Homeswing: 71
  • Association Fee: 0
  • County Or Parish: Los Angeles
  • Directions: Just South of 8th, one block east of Normandie
  • Garage Spaces: 2.00
  • Levels: Two
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Acres: 0.24
  • MLS Area Major: KREA - Koreatown
  • Number Of Buildings: 1
  • Number Of Units Total: 33
  • Parcel Number: 5094017006
  • Parking Total: 2.00
  • Pool Features: None
  • Stories Total: 2
  • Water Source: Public
  • Year Built: 1940
  • Zoning: LAR4

Community Information for 818 Mariposa Avenue

Schools near 818 Mariposa Avenue

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Monthly Payment for 818 Mariposa Avenue

This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Loan Type: 30 year fixed at 4.00%
Price: $4,300,000
Down Payment: - $860,000 (20%)
Loan Amount: = $3,440,000
Principal & Interest: +
Property Taxes: + (1.5%)
Homeowner's Insurance: +
Mortgage Insurance - PMI: +
Total Payment: =
20%
Down Payment
4.00%
Rate

Listing Provided by

Justin McCardle, Growth Investment Group, Inc.

Listing Disclaimer

Based on information from California Regional Multiple Listing Service, Inc. as of 12/2/2016 8:57:12 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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License: 01760623
Home Smart Advantage Realty
License: 02005754
Rapisarda Real Estate
License: 01915989
Heritage Sotheby's International Realty

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