1205 S Mariposa Avenue, Los Angeles, CA 90006 - Berkshire Hathaway HomeServices California Properties

1205 S Mariposa Avenue, Los Angeles, CA 90006

$1,500,000 Approx. USD 4 beds, 10 baths
4,380 sqft

New Listing

Listing Agent


Jason Tuvia | jtuvia@marcusmillichap.com
Lic#: 01772495
Broker: Courtesy of Marcus & Millichap

Agent Remarks

We are pleased to present a ten (10) unit apartment building located at 1205 S Mariposa Avenue in Los Angeles, California. The subject property is located in a solid Pico Union location, north of Pico Blvd and east of Normandie Ave. Built in 1926, this property consists of a good unit mix of six (6) studios and four (4) one-bedroom units. It offers a very strong initial caprate of 6.49%, presenting an attractive investment opportunity with solid returns. The character Spanish-style bungalows are gated and secure, with a center courtyard and easily maintained landscaping. There is also ample street parking available for both tenants and visitors. Positioned adjacent to Koreatown, the property provides convenient access to major commercial corridors like Vermont Avenue, Western Avenue, and Wilshire Boulevard, as well as the 10, 110, and 101 freeways. With such close proximity to the Koreatown commercial corridor, tenants can enjoy nearby amenities such as The Wiltern, CGV Cinemas, Koreatown Galleria, and Park's BBQ. Additionally, outdoor recreation options like Seoul International Park and Normandie Recreation Center are located nearby, making this a desirable investment opportunity. Situated in a solid Pico Union location, this property offers a strong initial cap rate of 6.49% as well as easy access to key amenities and transit options nearby.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25520575
Price: $1,500,000
Beds: 4
Baths: 10
Built in 1926
4,380 sqft
1 story
0.14 acres
Lot size: 0.1356
County: Los Angeles
Zoning: LAR3
Parking description: None
MLS area: C17 - Mid-Wilshire

Last Updated: 4/11/2025

 Days On Market (DOM): 10

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This listing belongs to the C17 - Mid-Wilshire MLS area

Lat/Long: 34.048795, -118.299236.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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