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Listed by Roderick 'Rick' Raymundo of Marcus & Millichap

Listing Sold by Marcus & Millichap
With a unit mix that includes both one- and two-bedroom units, the 4,922 square foot building sits on a corner lot. A new investor may be able to capitalize on the substantial rent upside, as current rents average only $1.86 per square foot while similar apartments in the area are renting for more than $3.00 per square foot. The current owner completed all required seismic retrofit repairs in 2022 (Buyer to verify), benefitting a new investor by allowing them to avoid an otherwise major capital expense. There is ample on-site parking, including four garage spaces, which helps to attract tenants in this dense residential neighborhood. Nestled between the thriving neighborhoods of Koreatown, Hancock Park, Silver Lake, and Hollywood, this location allows tenants access to several of Los Angeles' most popular dining and entertainment destinations. With a Walk Score of 86, the immediate neighborhood is "Very Walkable" while a Metro Red Line station is just blocks away on the corner of Beverly Boulevard and Vermont Avenue. Tenants are also drawn to the trendy Virgil Village and Larchmont Village, both of which are nearby as well.

Property Details of 200 N Mariposa Avenue

Property Details

Interior Features

Exterior Features

Map Location

Driving Directions

Based on information submitted to CRMLS as of April 14, 2024 2:21 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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