Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1002 Mariposa Ave Los Angeles, CA 90029-2468

    • Apartment buildings
    • 22,368 SF
    • 0.44 lot acres
    OFF-MARKET
    Last Sale
    Nov 24, 2024
    $2,127,500
    Value Estimations
    $1,610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6530317
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Rudy's chimney sweep / Hardware & Home Improvement
    • Tepes Cleaning Solutions / Hardware & Home Improvement

    Property Details for 1002 Mariposa Ave

    Year built
    1924
    Construction
    WOOD
    Lot size
    0.44 lot acres
    Property size
    22,368 SF
    Zone code
    LAR3
    Property type
    Apartment buildings
    APN
    5538-002-031
    APU
    5538002031

    Description

    This 28-unit apartment building in Los Angeles, CA presents a compelling investment opportunity. Located at 1002 Mariposa Ave, in the heart of Hollywood (90029), this stabilized Class B property boasts 22,368 square feet of net rentable space, situated on a 19,324 square foot lot. Built in 1924, the property features a mix of studio, one-bedroom, and two-bedroom units, catering to a diverse tenant base. The current asking price is $4,825,000, representing a price per unit of $172,321.43. The property's strong performance is reflected in its Net Operating Income (NOI) of $256,588, yielding a 5.32% capitalization rate. The property is zoned LAR3. Its prime location offers convenient access to major employment centers, shopping, dining, and entertainment, ensuring high occupancy rates and consistent rental income. This presents a rare chance to acquire a well-performing multifamily asset in a highly desirable Los Angeles neighborhood. The property's strong cash flow and potential for appreciation make it an attractive investment for those seeking both immediate returns and long-term growth in the thriving Hollywood real estate market. The property's APN is 5538-002-031.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,100,000
      ML approach
      $1,110,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,578,000
      Market price range: $786k - $1.58M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.299
    Latitude
    34.0891
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $85,045
    $4,442,216
    $2,395,442
    $6,837,658
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $780,000
      20,258 SF

      5342 Fountain Ave

      APARTMENT HOUSE (5+ UNITS) • 20,258 SF
      5342 Fountain Ave, Los Angeles, CA 90029-1282
      View Details
    • Value Estimation by Request
      14,522 SF

      1246 Berendo St

      APARTMENT HOUSE (5+ UNITS) • 14,522 SF
      1246 Berendo St, Los Angeles, CA 90029
      View Details
    • Value Estimation by Request
      3,706 SF

      4131 Monroe St

      APARTMENT HOUSE (5+ UNITS) • 3,706 SF
      4131 Monroe St, Los Angeles, CA 90029-2805
      View Details
    • Value Estimation by Request
      5,812 SF

      713 Normandie Ave

      APARTMENT HOUSE (5+ UNITS) • 5,812 SF
      713 Normandie Ave, Los Angeles, CA 90029-3418
      View Details
    • Value Estimation by Request
      3,604 SF

      832 Harvard Blvd

      APARTMENT HOUSE (5+ UNITS) • 3,604 SF
      832 Harvard Blvd, Los Angeles, CA 90029-3373
      View Details
    • Value Estimation by Request
      5,026 SF

      1242 Westmoreland Ave

      APARTMENT HOUSE (5+ UNITS) • 5,026 SF
      1242 Westmoreland Ave, Los Angeles, CA 90029-1930
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,800 SF

      Development Opportunity in Hollywood Area

      Land in Hollywood suitable for 10-14 new units development.
      1150 N Kingsley Dr, Los Angeles, CA 90029
      View Details
    • $1,650,000
      21,753 SF

      RTI Affordable Housing Development Opportunity

      Ready-to-Issue 49-unit affordable housing development opportunity in Hollywood.
      1156 N Kingsley Dr, Los Angeles, CA 90029
      View Details
    • $2,699,999
      0.20 Acres

      Entitled Land in Hollywood

      Ready-to-issue permit project with 57 affordable housing units.
      1020 N Ardmore Ave, Los Angeles, CA 90029
      View Details
    • $3,200,000

      East Hollywood Condo Project Opportunity

      New 5-unit condo project with city and mountain views.
      4136 Normal Ave, Los Angeles, CA 90029
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      22,000 SF

      Creative Flex Space in Hollywood

      Reimagined creative flex space in the heart of Hollywood.
      5176 Santa Monica Blvd, Los Angeles, CA 90029
      View Details
    • Contact for pricing

      Retail Space in Sunset Junction

      Prime retail space available for rent in Silverlake/Sunset Junction.
      4001 Sunset Blvd, Los Angeles, CA 90029
      View Details
    • Contact for pricing

      Medical Office Space in Hollywood

      Prime medical office in East Hollywood with high walkability.
      5300 Santa Monica Blvd, Los Angeles, CA 90029
      View Details
    • Contact for pricing

      Redevelopment Land Near Olympic Blvd

      11,802 SF land zoned R3-1 for redevelopment.
      1139-1145 S Kingsley Dr, Los Angeles, CA 90029
      View Details
    • Contact for pricing
      3,000 SF

      Industrial Space with High Ceilings

      Multi-tenant industrial building featuring high ceilings and ample power.
      5720 S Hoover St, Los Angeles, CA 90029
      View Details
    • Contact for pricing

      Leased Office Building in Los Angeles

      Fully leased office building in a prime Los Angeles location.
      4209 Santa Monica Blvd, Los Angeles, CA 90029
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1002 Mariposa Ave
    Los Angeles, CA 90029-2468
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!