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31830929
31830926

1250 Mariposa Ave, Los Angeles, CA 90029 For Sale

LH
CA CA DRE#:01962142
Ally Commercial Real Estate
RR
CA CA 01964882
Ally Commercial Real Estate
Listed by Ally Commercial Real Estate
$2,400,000
88 days on market
Updated 58 days ago
Opportunity zone

1250 N Mariposa Ave

Details
APN 5540-004-003
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,157
Units 7
Cap Rate 6.29%
NOI $150,892
Pro-Forma Cap Rate 7.97%
Pro-Forma NOI $191,176
Price per SqFt $390
Broker Co-Op Yes
Year Built 1930
Buildings 1
Stories 2
Lot Size (SqFt) 6,500
Zoning LAR3
Investment Type Stabilized
Ground Lease No

Multifamily | 7 Units | $342,857/unit

Marketing description

Property Overview:

The multifamily property at 1250 N Mariposa Ave is an attractive asset with a total of 7 residential units. The property features a mix of well-designed and spacious one- and two-bedroom units, each equipped with updated amenities that contribute to the overall charm of the Spanish style architecture and offers comfortable living spaces for all tenants.

Investment Potential:

Investors will find numerous opportunities for income generation and long-term growth with this multifamily property. The strong rental market in Los Angeles, combined with the property's desirable location, ensures a high demand for quality housing. The potential for rental income growth and appreciation make this an attractive investment for both seasoned and new investors looking to start or expand their portfolios.

Investment highlights

  • Well-maintained units: Each residential unit has been meticulously maintained, providing tenants with comfortable and updated living spaces.

  • Outdoor common areas: Residents can enjoy well-designed outdoor common areas, creating opportunities for community engagement and relaxation.

  • Professional property management: The property benefits from professional management, ensuring efficient operations, tenant satisfaction, and effective maintenance.

  • Updated Electrical and 6/7 units have been upgraded

  • Gated and Secured Entry

Listing Contacts

LH
CA CA DRE#:01962142
Ally Commercial Real Estate
RR
CA CA 01964882
Ally Commercial Real Estate
Listed by Ally Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$150,892.00
$12,574.33/mo

Valuation Metrics

0
DSCR
6.29%
Cap Rate
6.29%
ROI

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Additional Information

Name
Luc Hawkshaw
License
CA DRE#:01962142
Brokerage Phone
424-317-0308
Brokerage Address
3301 Barham Boulevard
Name
Rick Ramirez
License
CA 01964882
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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