We are pleased to present a four (4) unit apartment building located at 328 N Mariposa Avenue in Los Angeles, California. The subject property is located in a solid Koreatown location, north of Beverly Boulevard and west of Vermont Avenue. This property offers a solid Koreatown location with a streamlined… Read More unit mix of all two-bedroom units, some of which features views of the Hollywood Sign. Three units are currently vacant and taken down to the studs, with approved plans in place to convert them into spacious three-bedroom layouts, enhancing rental potential. Each unit is separately metered for gas and electricity, while a four-car garage in the rear provides additional upside through the opportunity to convert into multiple ADUs under SB1211. The building benefits from lush front-yard landscaping that enhances curb appeal and sits in a prime position with dominant access to major commercial corridors including Normandie Avenue, Beverly Boulevard, Western Avenue, and Vermont Avenue. With its solid Koreatown location, value-add potential, and multiple avenues for unit and ADU conversion, this property presents a rare opportunity for investors to capture strong long-term rental upside. Read Less
Property listed by Marcus & Millichap, Jason Tuvia 818-212-2700
Listing Snapshot
Days Online
28
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,782
Lot Size
0.19 Acres
Year Built
1923
MLS Number
25598089
30 Days Snapshot Of 90004
$2.20M
-18%
(avg) sold price
18
+50%
homes sold
84
+5%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1923, Building area total: 5,782, Levels: Two, Living area: 5782, 2 stories, 1 building
Income
Gross income: $121,080, Net operating income: $79,295
Lot
0.193 acres, 8,405 square feet, Size: 8,405
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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