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724 S Mariposa Ave
Los Angeles, CA 90005 Koreatown

$5,000,000 USD

Apartments For Sale • 24,200 SF

Property Details

Property Type Apartments
Total Building Size 24,200 SF
Lot Size 0.19 AC
Building Class C
Year Built 1930
Zoning R5-4, Los Angeles

80 Transit Score

96 Walk Score

                
                    Highlights
                
                                Great Location in Koreatown  /  Walking Distance to Wilshire and Metro
                            
                                Actual Cap Rate of 6.40% With Upside To 8.35% | Current GRM of 8.05 
                            
                                On-Site Subterranean Parking for 20 Vehicles
                            
                                Ownership Has Already Implented Rubs on Newer Tenants
                            
                                Low Cost per SF of $206
                            
                                First Time On The Market In Over 30 Years

Property Flyers

724 Mariposa Final OM

Amenities

24 Hour Access
Controlled Access
Microwave
Heating
Kitchen
Refrigerator
Oven
Range
Tub/Shower
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	11 min	-	4.8 mi
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	9 min	-	4.9 mi
Transit/Subway	Drive	Walk	Distance
Wilshire/Normandie Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro))	0 min	6 min	0.3 mi
Wilshire/Vermont Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	14 min	0.8 mi
Wilshire/Western Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	14 min	0.8 mi
Airport	Drive	Walk	Distance
Bob Hope	21 min	-	12.4 mi
Los Angeles International	23 min	-	13.3 mi
Long Beach (Daugherty Field)	33 min	-	23.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Peter Strauss 747-444-3303 Iconic Investments

724 S Mariposa Ave Los Angeles, CA 90005 Koreatown