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1002 N Mariposa Avenue

Los Angeles (City), CA 90029
  • $5,095,000
  • STATUS: Active Under Contract
  • ON SITE: 54 Days
  • ID#: 24381493
Under Contract
$5,095,000
  • 28
    BEDS
  • 0.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 22,368
    SQFT
  • $228
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing Agent(s): Chase Simonton of RE/MAX One (818-366-3300)


Description

1002 N Mariposa Ave is a beautiful 28-unit courtyard property located in the heart of Hollywood. Consisting of all large units, 25 of the 28 units are two bedrooms. Asking only 11.8 GRM with LOW LOW rents, this offers a new investor approximately 60% upside potential. Please do not disturb the tenants as the building is fully occupied.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-14T00:36:51.777. 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 deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/149539531
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1002 N Mariposa Avenue Los Angeles (City), CA 90029

  • Price: $5,095,000
  • Status: Active Under Contract
  • On Site: 54 Days
  • ID#: 24381493
28
Beds
0
Baths
0
½ Baths
0.44
Acres
22,368
SQFT
$228
$/SQFT
1924
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
1002 N Mariposa Ave is a beautiful 28-unit courtyard property located in the heart of Hollywood. Consisting of all large units, 25 of the 28 units are two bedrooms. Asking only 11.8 GRM with LOW LOW rents, this offers a new investor approximately 60% upside potential. Please do not disturb the tenants as the building is fully occupied.
Exterior Features

Parking Features None Parking Total 0

Interior Features

Cooling None Cooling YN No Heating None Heating YN No

Property Features

Association YN No Cap Rate 5.04 Gross Income 428752 Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 159301 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-14T00:36:51.777. 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 deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
 
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Mainstreet Realtors®
8577 Haven Ave, Suite 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Chase Simonton of RE/MAX One (818-366-3300)