MLS® ID: 19432616

520 S MARIPOSA Avenue

Los Angeles, California, 90020

$9,500,000 Active Under Contract
  • - SQFT
The elegant and spacious 48-Unit apartment building of 520 S Mariposa Avenue has been well-maintained, owned and operated by the same owner for the last 24 years. This property offers sustainable investment grade upside with great asset security for any investor looking to own in the dense rental market of Koreatown. The property itself sits in a Qualified Opportunity Zone. Allowing for an investor with holding plans to take advantage of the tax break implications. The upside can be seen with the incredible marketable location and the property offering any investor a great sum of wealth accumulation through asset appreciation. This upside, along with the area's continuous growth in rent and developments, makes this a fantastic opportunity in the heart of Koreatown. With a Market Cap Rate of 6.82% and a Market GRM of 9.92, this investment opportunity is a great way to achieve healthy current cash flow and the opportunity to achieve over 30% rental upside.
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Listing courtesy of Matthews Real Estate Investmen

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    90020
  • Office name
    Matthews Real Estate Investmen
  • SQFT
    0
  • Bedrooms
    0
  • Zoning type
    LAR4
  • Year built
    1928
  • Lot size
    9000.00
  • Tax year
    0
  • Agent name
    David Harrington
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • Price Range
    $2m+
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    CLW-X81530
  • Agent ID
    CLW-X80379

Location

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