1250 N Mariposa Avenue, Los Angeles, CA 90029
- $2,400,000
- List Price
- $2,400,000
- Status
- ACTIVE
- MLS#
- DW26111998
- Year Built
- 1930
- Lot Size
- 6,500
- Acres
- 0.15
- Lot Location
- 6-10 Units/Acre, Rectangular Lot
- Days on Market
- 66
- Property Type
- Multifamily
- Style
- Spanish
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
Property Description
This multifamily property is an attractive asset with a total of seven 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 offer comfortable living spaces for tenants. Features include: well-maintained units, outdoor common areas and the building has been run by a professional management company. Situated in the heart of Los Angeles, the property benefits from its prime location. The neighborhood offers convenient access to a wide array of amenities, including restaurants, shopping centers, entertainment venues, and public transportation options. Its proximity to major freeways and employment hubs makes it an appealing choice for tenants seeking easy commutes and access to urban conveniences. 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 expand their portfolios.
Additional Information
- Appliances
- Gas Oven, Gas Water Heater
- Pool Description
- None
- Heat
- Floor Furnace, Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Roof
- Shingle
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 7
- Gross Scheduled Income
- $227,652
- Operating Expense
- 70830
Listing courtesy of Listing Agent: Rickird Rey Ramirez (rick@allycommercialre.com) from Listing Office: Ally Commercial Real Estate.
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