1002 North Mariposa Avenue

Los Angeles, CA 90029

$5,095,000
Price
28
Beds
28
Baths
22,368 Sq. Ft.
$228 / Sq. Ft.
22,368
Sq. Ft.
$228
per Sq. Ft.

Description

1002 N Mariposa Ave is a beautiful 28-unit courtyard property located in the heart of Hollywood. Consisting of all large units, 25 of the 28 units are two bedrooms. Asking only 11.8 GRM with LOW LOW rents, this offers a new investor approximately 60% upside potential. Please do not disturb the tenants as the building is fully occupied.1002 N Mariposa Ave is a beautiful 28-unit courtyard property located in the heart of Hollywood. Consisting of all large units, 25 of the 28 units are two bedrooms. Asking only 11.8 GRM with LOW LOW rents, this offers a new investor approximately 60% upside potential. Please do not disturb the tenants as the building is fully occupied.
  1. Listed by Chase Simonton • DRE #01766871 • Brokerage DRE #00590104 • RE/MAX One

Property Details for 1002 North Mariposa Avenue

Zoning
LAR3
Parcel Number
5538002031
Total Units
28.0
Living Area
22368
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
0
Lot Size Area
19329

Location

Listing Courtesy of RE/MAX One, Chase Simonton, DRE #01766871
Add your commute
LISTING UPDATED: 04/25/2024 12:01 AM

Property Details for 1002 North Mariposa Avenue

StatusActive
MLS #24-381493
Days on Market20
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.44 AC / 19,329 SF
CountyLos Angeles County

Location

Listing Courtesy of RE/MAX One, Chase Simonton, DRE #01766871
Add your commute

Building Information for 1002 North Mariposa Avenue

Stories2Residences-Year Built1924Building Size-Lot Size0.44 AC / 19,329 SF

Payment Calculator

$34,757 per month

30 year fixed, 7.25% Interest

Principal and Interest

$27,806

Property Taxes

$6,951

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1002 North Mariposa Avenue

Community / Development
Community / Development
  • Number Of Units: 28
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Multi Family
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $428,752
  • Net Operating Income: $159,301.00
  • Gross Income: $428,752
  • Cap Rate: 5.04%
  • Gross Rent Multiplier: $11.88
  • Total Annual Expense: 159301
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.4437
  • Lot Size Square Feet: 19329
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-18-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,300.00
  • Unit Actual Rent: $35,729.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 25
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,071.40
  • Unit Actual Rent: $3,214.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $2,345,061.00
  • Assessed Improvement Percent: 35.0
  • Assessed Land Value: $4,355,114.00
  • Assessed Land Percent: 65
  • Assessed Total Value: $6,700,175.00

Property History for 1002 North Mariposa Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1002 North Mariposa Avenue

Taxable ValueLand$4,355,114Additions$2,348,541Total$6,703,655
Tax Record2023$83,417 ($6,951 / month)
Home Facts
Total Finished SqFt22,368 SqFtAbove Grade Finished SqFt22,368 SqFtLot Size19,324 SqFtStyleMulti-Family Res (5+ Units)Year Built1924ZoningLAR3CountyLOS ANGELESAPN5538-002-031

Schools near 1002 North Mariposa Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ramona Elementary School
PublicK to 6

Joseph Le Conte Middle School
Public6 to 8

Helen Bernstein High School
Public9 to 12

STEM Academy at Bernstein High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1002 North Mariposa Avenue is a multi-family home for sale in Los Angeles, CA 90029. This property was listed for sale on April 17, 2024 by RE/MAX One, it's currently listed at $5,095,000. It has been on the market for a total of 20 days and was last sold on February 16, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Ramona Elementary School, Joseph Le Conte Middle School and Helen Bernstein High School. 1002 North Mariposa Avenue is a 28-bed, 28-bath, 22,368 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX One, Chase Simonton, DRE #01766871

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.