Apartment Building with On-Site
1049 N Mariposa Ave, Los Angeles, CA 90029
For Sale
New
$2,200,000
Three vacant apartments offer flexibility for renovation or leasing, alongside resident laundry, parking, and storage.
Property Size6,832 SF
Price / SF$322.01
Days on Market5
Property Features for 1049 N Mariposa Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Amenities
on-site laundry
storage
Building Details
Building Size
Year Built
Listing Agency:
Marcus & Millichap
Listed By:
Roderick 'Rick' Raymundo · License CA #01357019
Source:
Benbelack
Added: Nov 10
Changed: Nov 13
Last Checked: Nov 12 at 2:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
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Investment Insights
Based on property information with market context.
This 1957 apartment building has three vacant units, on-site laundry, parking, and storage. Completed seismic retrofit work, a recently upgraded main electrical panel, partial copper plumbing, and a pitched roof are among its physical features. The exterior was painted in 2026, as provided in the property information. Commercial zoning is noted, with any redevelopment subject to applicable approvals and verification of permitted uses.
The property is at 1049 N Mariposa Ave in Los Angeles, just south of Santa Monica Boulevard and between Normandie and Vermont Avenues. Shopping centers are approximately 0.2 miles away, and the Vermont/Santa Monica Metro Station is about a 10-minute walk. The property also has access to the 101 Freeway and nearby employment and entertainment areas, including Hollywood, Los Feliz, Silver Lake, Koreatown, and Downtown Los Angeles.
The property is at 1049 N Mariposa Ave in Los Angeles, just south of Santa Monica Boulevard and between Normandie and Vermont Avenues. Shopping centers are approximately 0.2 miles away, and the Vermont/Santa Monica Metro Station is about a 10-minute walk. The property also has access to the 101 Freeway and nearby employment and entertainment areas, including Hollywood, Los Feliz, Silver Lake, Koreatown, and Downtown Los Angeles.
Key Highlights
- Three vacant apartments
- Seismic retrofit work is complete
- Exterior painted in 2026; main electrical panel recently upgraded
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,932
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,198,640
$2.2M
Cap Rate 7%
$1,570,457
$1.6M
Cap Rate 9%
$1,221,467
$1.2M
Market Conditions
NOI Build-Up for 6,832 SF
Gross rent
$217.3K $31.80/SF
− Vacancy
−$17.4K −$2.54/SF
EGI
$199.9K $29.26/SF
− OpEx
−$89.9K −$13.17/SF
NOI
$109.9K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,198,640
Cap Rate 7%
$1,570,457
Cap Rate 9%
$1,221,467
Alternative Uses
Best Use
Apartment 5plus
$1.57M
$1.37M – $1.83M
NOI $109,932 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.85M
$2.50M – $3.33M
NOI $199,671 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,666
Businesses Nearby
Explore this area
Business Placement
Demographics for 90029, CA
34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Three vacant apartments offer flexibility for renovation or leasing, alongside resident laundry, parking, and storage.
Where is this apartment building located?
The property is located at 1049 N Mariposa Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Three vacant apartments; Seismic retrofit work is complete; Exterior painted in 2026; main electrical panel recently upgraded
