514 South Mariposa Avenue
514 South Mariposa Avenue
$4,650,000
17
19
12,294
12,294
$378
Description
Habitat Apartments is a 19-unit apartment building located at 514 S. Mariposa Ave in the highly desirable Koreatown neighborhood of Los Angeles. Built in 1960, the property offers renters a high demand unit mix of 2 studios and 17 one-bedroom units across +/- 12,294 square feet of improvements on +/- 11,250 square feet of land. The thoughtfully maintained property features 12 extensively renovated units featuring new hardwood floors, kitchen cabinets, countertops, stainless steel appliances, designer...Habitat Apartments is a 19-unit apartment building located at 514 S. Mariposa Ave in the highly desirable Koreatown neighborhood of Los Angeles. Built in 1960, the property offers renters a high demand unit mix of 2 studios and 17 one-bedroom units across +/- 12,294 square feet of improvements on +/- 11,250 square feet of land. The thoughtfully maintained property features 12 extensively renovated units featuring new hardwood floors, kitchen cabinets, countertops, stainless steel appliances, designer tiles, fixtures, and lighting. The bathrooms have been updated with modern vanities and tile, bathtubs, and hardware. In addition, the units have new vinyl windows and either wall or split system air-conditioning units. New ownership can continue to capture an additional +/- 26% upside in rents through comprehensive renovations of the remaining unit interiors. The charming Mid-Century design, location, and resort-style feel, are major draws for tenants at the Habitat Apartments. Additional drivers leading to the historically high rents being achieved at Habitat include the elevated level of renovations and designer touches. Tenants have proven they are willing to pay more for a premium product which exceeds the level of detail found at competing properties. The building has 19 tuck-under parking spaces and one laundry room. Utilities are separately metered for electricity and gas, and there is one central water heater. Located in the heart of the Koreatown neighborhood, just east of Normandie Ave, and north of Wilshire Blvd, Habitat Apartments offers tenants access to major employment centers and a broad range of entertainment and recreation opportunities, all within a short walk. The Wilshire/Normandie Purple Line is a few-minute walk from Habitat.
- Listed by Adam Zunder • DRE #01821053 • Brokerage DRE #01229985 • Iconic Investments
Property Details for 514 South Mariposa Avenue
Zoning
LAR4
Parcel Number5502019006
Total Units19.0
Living Area12294
Source Living AreaVendor Enhanced
AreaMid-Wilshire (C17)
Vacancy Rate1%
Lot Size Area11254
Location
LISTING UPDATED: 03/27/2024 12:01 AM
Property Details for 514 South Mariposa Avenue
Status | Active |
---|---|
MLS # | 24-370505 |
Days on Market | 41 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1960 |
Lot Size | 0.26 AC / 11,254 SF |
County | Los Angeles County |
Location
Building Information for 514 South Mariposa Avenue
Stories2Residences-Year Built1960Building Size-Lot Size0.26 AC / 11,254 SF
Payment Calculator
$29,909 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 514 South Mariposa Avenue
Property History for 514 South Mariposa Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 514 South Mariposa Avenue
Taxable ValueLand$3,062,207Additions$1,312,794Total$4,375,001
Tax Record2023$54,382 ($4,532 / month)
Home Facts
Total Finished SqFt12,294 SqFtAbove Grade Finished SqFt12,294 SqFtLot Size11,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningLAR4CountyLOS ANGELESAPN5502-019-006
Schools near 514 South Mariposa Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | K to 12 | |||
Public - | K to 12 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Rfk Community Schools-New Open World Academy K-12 PublicK to 12 | ||
UCLA Community School PublicK to 12 | ||
Young Oak Kim Academy Public6 to 8 |
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.
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