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40-Unit Apartment Building with Pool
New
For Sale
$7,650,000

1602 N Mariposa Ave, Los Angeles, CA 90027

A varied apartment mix is complemented by on-site laundry, a courtyard, and substantial resident parking.

Property Size20,870 SF
Lot Size0.40 Acres
Price / SF$366.55
Days on Market4

Property Features for 1602 N Mariposa Ave

General Information

Standard status Active
Size 20,870 SF
Total Parking Spaces 38
Lot size 0.40 Acres
Property subtype MULTI_FAMILY
Zoning LARD1.5

Site & Location

Neighborhood Los Feliz

Units

Unit Mix 11 x bachelor, 8 x single, 12 x 1BR/1BA, 9 x 2BR/1BA
Multifamily Units 40

Amenities

swimming pool
central courtyard
secure intercom entrance and lobby
dedicated laundry room

Building Details

Building Size 20,870 SF
Year Built 1962
Listing Agency: KW Commercial Studio City
Listed By: Nick Astrupgaard · License #01893466
Source: Benbelack
Added: Oct 21 Changed: Oct 23 Last Checked: Oct 23 at 11:57AM

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 KW Commercial Studio City

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Investment Insights

Based on property information with market context.

Built in 1962, this 40-unit apartment property contains 20,870 square feet of improvements on a 17,330-square-foot lot zoned LARD1.5. The unit mix comprises 11 bachelor apartments, eight singles, twelve one-bedroom/one-bathroom units, and nine two-bedroom/one-bathroom units. Resident amenities include a swimming pool, central courtyard, secure intercom entry and lobby, laundry room, and 38 parking spaces, including four tandem spaces. The laundry room has three washers and three dryers.

The property is at 1602 N Mariposa Ave in Los Angeles, CA 90027. Capital work includes a soft-story seismic retrofit and a roof installed in 2025.

Key Highlights

  • 40 apartments across four configurations: 11 bachelor, eight single, twelve one‑bedroom/one‑bathroom, and nine two‑bedroom/one‑bathroom units
  • 20,870 square feet of improvements on a 17,330‑square‑foot lot
  • 38 parking spaces, including four tandem spaces

Property Analytics

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Lease Details

40
Residential units

Location Intelligence

Trade Area within ½ mile

6,788
Businesses Nearby

Demographics for 90027, CA

44,471
Population
24,267
Households
1.8
Avg Household Size
39
Median Age
58%
College-Educated
92%
High-School Grad
8.1 sq mi
ZIP Area
5,490
Density / Sq Mi
$90,532
Median Household Income
$53,526
Median Earnings
$1,904
Median Rent
$1,747,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - A varied apartment mix is complemented by on-site laundry, a courtyard, and substantial resident parking.
Where is this apartment building located?
The property is located at 1602 N Mariposa Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,650,000.
What are key features of this property?
This property features: 40 apartments across four configurations: 11 bachelor, eight single, twelve one‑bedroom/one‑bathroom, and nine two‑bedroom/one‑bathroom units; 20,870 square feet of improvements on a 17,330‑square‑foot lot; 38 parking spaces, including four tandem spaces
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