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$4,550,000
Est. payment /mo
12,294 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 12,294 sqft
Price per Sqft $370
MLS Listing ID CL25536561
HOA Y/N No
Year Built 1960
Lot Size 0.258 Acres
Acres 0.26
Property Sub-Type Comm Ind For Sale
Property Description
Originally built in 1960, Mariposa514 offers the curb appeal and efficient layouts of a classic mid-century asset paired with modern systems and interior finishes. The unit mix includes 17 large one-bedrooms and 2 studios, totaling approximately 12,294 square feet on an 11,250 square foot LAR4-zoned lot. Renovated interiors feature quartz countertops, stainless steel appliances, split-system A/C, custom tile, and updated baths with deep soaking tubs. All units are separately metered for gas and electricity. The property includes shared laundry, ample natural light, and solid in-place tenancy. With no seismic retrofit obligation and a thoughtful renovation already executed, Mariposa514 is turnkey where it counts and still offers room to grow. The building has already undergone a substantial renovation program, with 12 of the 19 units upgraded to a luxury spec and achieving market-making rents that rival new construction, but at a meaningfully lower basis.
Location
State CA
County Los Angeles
Zoning LAR4
Interior
Heating Wall Furnace
Fireplace No
Exterior
Total Parking Spaces 16
Building
New Construction No
Others
Tax ID 5502019006
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Listed by Mark Ventre • Lyon Stahl Investment Real Estate, Inc.
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