Properties
Los Angeles, CA 90006 978 S Mariposa
$3,150,000
Presented By: THOMAS LO with Thomas Iping Lo, Broker; 626-940-6865
Baths • 1
SQFT • 5,375
Home Details
Built in 2017, this 7 unit apartment complex is located near Koreatown and is surrounded by numerous shopping, dining, and entertainment venues. This complex has a good mix of studios, one bedroom, and two bedrooms units. Each unit features high ceilings, high end interior design quality, and their own washer and dryer. This apartment does not have rent control and there is room for increased rents. These units are consistently in demand so they are easy to rent out.
Presented By: THOMAS LO with Thomas Iping Lo, Broker; 626-940-6865
Interior Features for 978 S Mariposa
Other Interior Features
Air Conditioning Y/NYes
Common Walls1 Common Wall
Heating Y/NYes
Laundry FeaturesInside
Total Stories3
Other Rooms
Entry Level1
General for 978 S Mariposa
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate4.3
Carport Spaces9
Carport Y/NYes
CityLos Angeles
Community FeaturesSidewalks
CoolingCentral Air
CountyLos Angeles
DirectionsNear the corner of south Mariposa Ave. and Olympic Blvd.
Electric Expense1914
Entry LocationFront
Garage Spaces
Garage Y/NNo
Gross Income193140
HeatingCentral
Insurance Expense4833
Land Lease Y/NNo
LevelsThree Or More
Listing TermsCash, Cash to New Loan
Lot Size Square Feet5907
Lot Size UnitsSquare Feet
MLS AreaC17 - Mid-Wilshire
Net Operating Income134904
New ConstructionNo
Number Of Units Total7
Number of Units Leased7
Operating Expense58236
Pool FeaturesNone
PostalCityLOS ANGELES
Property Attached Y/NYes
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot18
Taxes$39,375
Total Actual Rent16095
Trash Expense6431
Water Sewer Expense3283
Year Built2017
Year Built SourcePublic Records
Exterior for 978 S Mariposa
Building Area Total5375
Lot Features0-1 Unit/Acre
Lot Size Acres0.1356
Lot Size Area5907
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters7
Parking FeaturesCarport
Private PoolNo
Total Parking9
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
