1214 South Mariposa Avenue

Los Angeles, CA 90006

$1,800,000
Price
2
Beds
7
Baths
3,360 Sq. Ft.
$536 / Sq. Ft.
3,360
Sq. Ft.
$536
per Sq. Ft.
a view of a living room with a large window
a bedroom with furniture and window
a view of a house with hallway and stairs
a kitchen with a stove and a microwave
a kitchen with stainless steel appliances granite countertop a stove and a microwave
a kitchen with stainless steel appliances granite countertop a sink stove and refrigerator
a kitchen with a sink stove and cabinets
a bathroom with a sink a toilet and shower
a view of a livingroom with wooden floor and white walls
wooden floor in an empty room with a window
a view of an empty room with wooden floor and a window
an empty room with wooden floor and windows
a bedroom with a bed and a rug
a view of a room with wooden floor
a view of empty room with wooden floor
a view of an empty room with a window
a view of empty room with window
a view of an empty room
a bathroom with a sink a toilet and shower
a utility room with dryer and washer
a view of city
an aerial view of multiple house
an aerial view of a city
an aerial view of a city
an aerial view of residential houses with city view
an aerial view of residential houses with city view
a view of a city
a view of a city
a car parked in front of a house
a front view of a house with parking space
a group of cars parked in front of a building

Description

1214 South Mariposa Avenue is a charming seven-unit property offering 3,360 rentable square feet on a 5,904-square-foot LAR3-zoned lot. The property features seven one-bedroom, one-bathroom units, with four units fully remodeled and currently vacant. Each unit is detached, averaging approximately 480 square feet, and individually metered for gas and electricity, with separate water heaters for added convenience. Three of the seven units are scheduled to be vacant, presenting a unique opportunity...1214 South Mariposa Avenue is a charming seven-unit property offering 3,360 rentable square feet on a 5,904-square-foot LAR3-zoned lot. The property features seven one-bedroom, one-bathroom units, with four units fully remodeled and currently vacant. Each unit is detached, averaging approximately 480 square feet, and individually metered for gas and electricity, with separate water heaters for added convenience. Three of the seven units are scheduled to be vacant, presenting a unique opportunity for a new owner to customize occupancy. Located in the rapidly growing Koreatown neighborhood, this property benefits from proximity to Pico Boulevard and Normandie Avenue on a street experiencing significant improvements. Residents enjoy easy access to Koreatown's vibrant dining, shopping, entertainment, and employment opportunities, as well as nearby hotspots in Hollywood and Downtown Los Angeles. Boasting a "Walker's Paradise" Walk Score of 92, the location allows most daily errands to be completed on foot. Nearby attractions include Monty's Good Burger, Park's BBQ, California Marketplace, and an array of local eateries and bars. With ongoing development and revitalization in the area, 1214 South Mariposa Avenue offers significant value-add potential. A new owner can reposition the vacant units, select tenants, and further enhance the property’s appeal. This property, located within the City of Los Angeles, is subject to rent control regulations, making it a compelling acquisition for investors seeking a combination of stable income and growth potential.
  1. Listed by Tommy Kim • DRE #01795209 • Brokerage DRE #02062865 • Lifetime Realty Inc • 714-728-6564

Property Details for 1214 South Mariposa Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
7.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3360
Assessor Parcel Number
5078-034-024
Property Attached YN
false
LISTING UPDATED: 12/19/2024 10:21 PM

Property Details for 1214 South Mariposa Avenue

StatusActive
MLS #PW24251716
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1917
CountyLos Angeles County

Building Information for 1214 South Mariposa Avenue

Building/Complex1214 S Mariposa AveFloor-Stories1Residences-Pet Policy-Year Built1917Building Size-

Property Information for 1214 South Mariposa Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $166,200
  • Gross Scheduled Income: $166,200
  • Net Operating Income: $132,200
Expense Details
  • Operating Expense: $34,000
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Workmans Compensation Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $34,000
Tax / Assessment Info
  • Tax Block: 46
  • Tax Tract Number: 46
  • Tax Census Tract: 2133.10
  • CFD/Mello-Roos Fee: $944
  • Tax Lot: 22
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Dryer Included, Gas Dryer Hookup, In Closet
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Green Info
  • Green Energy Efficient: Appliances
Land/Lot Info
  • Lot Features: No Landscaping
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $2,150
  • Unit Type Pro Forma: 2150
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 0

Property History for 1214 South Mariposa Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1214 South Mariposa Avenue

Taxable ValueLand$936,360Additions$312,120Total$1,248,480
Tax Record2024$15,918 ($1,326 / month)
Home Facts
Total Finished SqFt3,360 SqFtAbove Grade Finished SqFt3,360 SqFtLot Size5,905 SqFtStyleMulti-Family Res (5+ Units)Year Built1917ZoningLAR3CountyLOS ANGELESAPN5078-034-024

Schools near 1214 South Mariposa Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Los Angeles Elementary School
Public - K to 5
Berendo Middle School
Public - 6 to 8
West Adams Preparatory High School
Public - 9 to 12
Monsenor Oscar Romero Charter Middle School
Charter - 6 to 8
Rating
School
Distance
Los Angeles Elementary School
PublicK to 5

Berendo Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

Monsenor Oscar Romero Charter Middle School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Pico Union

Neighborhoods

Cities

ZIPs

More information about 1214 South Mariposa Avenue, Los Angeles, CA 90006

1214 South Mariposa Avenue is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on December 17, 2024 by Lifetime Realty Inc, it's currently listed at $1,800,000. It has been on the market for a total of 11 days and was last sold on August 12, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Los Angeles Elementary School, Berendo Middle School and West Adams Preparatory High School. 1214 South Mariposa Avenue is a 2-bed, 7-bath, 3,360 sqft multi-family home built in 1917.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lifetime Realty Inc, Tommy Kim, DRE #01795209

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.