Renovated Apartment
For Sale
$3,700,000
514 S Mariposa Ave, Los Angeles, CA 90020
Nineteen-unit apartment property with upgraded interiors and additional renovation potential in Koreatown.
Property Size12,294 SF
Price / SF$300.96
Days on Market108
Property Features for 514 S Mariposa Ave
General Information
Standard status
Active
Size
12,294 SF
Property subtype
MULTI_FAMILY
Additional Details
Cap Rate
6.02%
Multifamily Units
19
Building Details
Building Size
12,294 SF
Year Built
1960
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Mark Ventre · License #01811490
(323) 202-9741
Source:
Carolinakramer
Added: Jun 8
Changed: Sep 23
Last Checked: Sep 22 at 7:42PM
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 Lyon Stahl Investment Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 19-unit apartment building, constructed in 1960, includes 12 residences that have undergone comprehensive interior updates. Renovated units feature quartz countertops, stainless steel appliances, split-system air conditioning, hardwood-style flooring, and refreshed bathrooms. The remaining residences provide a defined path for further improvements based on the existing renovation program.
Located in Koreatown at 514 S Mariposa Ave, the property is positioned within Los Angeles, CA 90020. The stated cap rate is 6.02% at current performance and 8.96% at full market rents, providing a clear comparison between present operations and the projected stabilized scenario.
Located in Koreatown at 514 S Mariposa Ave, the property is positioned within Los Angeles, CA 90020. The stated cap rate is 6.02% at current performance and 8.96% at full market rents, providing a clear comparison between present operations and the projected stabilized scenario.
Key Highlights
- 19‑unit apartment building constructed in 1960
- 12 units fully renovated
- Quartz countertops and stainless steel appliances in renovated units
Property Analytics
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Current Use
Lease Details
19
Residential units
Location Intelligence
Trade Area within ½ mile
9,547
Businesses Nearby
Explore this area
Business Placement
Demographics for 90020, CA
38,694
Population
19,119
Households
2
Avg Household Size
37
Median Age
46%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
35,176
Density / Sq Mi
$55,832
Median Household Income
$37,718
Median Earnings
$1,734
Median Rent
$826,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Nineteen-unit apartment property with upgraded interiors and additional renovation potential in Koreatown.
Where is this apartment building located?
The property is located at 514 S Mariposa Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: 19‑unit apartment building constructed in 1960; 12 units fully renovated; Quartz countertops and stainless steel appliances in renovated units
