1214 S Mariposa Avenue, Los Angeles CA 90006

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$1,800,000

1214 S Mariposa Avenue, Los Angeles, CA 90006

bedrooms

bathrooms

square feet

3,360

Acreage

0.13558310376492194

Open Houses

year built

1917

Full Baths

Half Baths

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1214 South Mariposa Avenue is a charming seven-unit property offering 3,360 rentable square feet on a 5,904-square-foot LAR3-zoned lot. The property features seven (7) one-bedroom, one-bathroom units, with four (4) units fully remodeled and currently vacant. Each unit is detached, averaging approximately 480 square feet, and individually metered for gas and electricity, with separate water heaters for added convenience. Three (3) of the seven (7) units are scheduled to be vacant, presenting a unique opportunity for a new owner to customize occupancy. Located in the rapidly growing Koreatown neighborhood, this property benefits from proximity to Pico Boulevard and Normandie Avenue on a street experiencing significant improvements. Residents enjoy easy access to Koreatown's vibrant dining, shopping, entertainment, and employment opportunities, as well as nearby hotspots in Hollywood and Downtown Los Angeles. Boasting a "Walker's Paradise" Walk Score of 92, the location allows most daily errands to be completed on foot. Nearby attractions include Monty's Good Burger, Park's BBQ, California Marketplace, and an array of local eateries and bars. With ongoing development and revitalization in the area, 1214 South Mariposa Avenue offers significant value-add potential. A new owner can reposition the vacant units, select tenants, and further enhance the property’s appeal. This property, located within the City of Los Angeles, is subject to rent control regulations, making it a compelling acquisition for investors seeking a combination of stable income and growth potential.

Location
Subdivision	-
County	Los Angeles
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: PW24251716

Listing agent: Tommy Kim #01795209

Listing broker: Lifetime Realty, Inc. (714) 363-3888

Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, January 1 2025 at 4:37 a.m. EST

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