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$ 1,450,000
Est. payment /mo
Active
328 N Mariposa Avenue Los Angeles, CA 90004
2 Beds
5,782 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 5,782 sqft
Price per Sqft $250
MLS Listing ID CL25598089
Bedrooms 2
HOA Y/N No
Year Built 1923
Lot Size 8,405 Sqft
Acres 0.19
Property Sub-Type OTHER
Property Description
We are pleased to present a four (4) unit apartment building located at 328 N Mariposa Avenue in Los Angeles, California. The subject property is located in a solid Koreatown location, north of Beverly Boulevard and west of Vermont Avenue. This property offers a solid Koreatown location with a streamlined unit mix of all two-bedroom units, some of which features views of the Hollywood Sign. Three units are currently vacant and taken down to the studs, with approved plans in place to convert them into spacious three-bedroom layouts, enhancing rental potential. Each unit is separately metered for gas and electricity, while a four-car garage in the rear provides additional upside through the opportunity to convert into multiple ADUs under SB1211. The building benefits from lush front-yard landscaping that enhances curb appeal and sits in a prime position with dominant access to major commercial corridors including Normandie Avenue, Beverly Boulevard, Western Avenue, and Vermont Avenue. With its solid Koreatown location, value-add potential, and multiple avenues for unit and ADU conversion, this property presents a rare opportunity for investors to capture strong long-term rental upside.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5520024011
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Listed by Jason Tuvia • Marcus & Millichap