Listed By:
Neema Ahadian with Marcus & Millichap;
Address
134 N Mariposa Avenue, Los Angeles, CA
Price
$ 13,750,000
Property Attributes
  • MLS#24356211
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid-Wilshire
  • Zip90004
  • Style
  • Price$ 13,750,000
  • Bedrooms60
  • Full Bathrooms60
  • Half Bathrooms0
  • Sqr Footage35216
  • Lot Size0.4139 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

This is a turnkey investment opportunity with the Monarch Apartments, located at 134 N Mariposa Ave in Koreatown, Los Angeles. This44-unit complex, constructed in 1986 and not subject to the LosAngeles Rent Stabilization Ordinance, presents a prime mix of 28one-bedroom (including 10 with lofts on the third floor) and 16 twobedroomunits, accompanied by 44 parking spaces. The propertyhas undergone significant renovations in 22 units, featuring luxuryupdates such as vinyl plank flooring, modern cabinets, quartzcountertops, and new stainless-steel appliances, with 20 units nowboasting in-unit washers and dryers completed with permits.Further enhancements include substantial exterior upgradeslike new paint, wood accents, an updated intercom and

Price History
2/9/2024 Listed $13,750,000

General Features

Heating WallFurnace
Zoning LAR3
Year Built 1986
Levels MultiSplit
Gross Income 1245165.0
County Los Angeles
Net Operating Income 753244.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Garage Y/N No
Special Listing Conditions Standard
Status ActiveUnderContract
Directions 134 N Mariposa Ave is located on just east of Normandie Aveand south of Beverly Blvd
City Los Angeles
View Y/N No
Senior Community Y/N No
Total Units 44
MLS Area C17 - Mid-Wilshire
Lot Size Square Feet 18030.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Mariposa
Property Attached Y/N No
Land Lease Y/N No
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 53
Standard Status ActiveUnderContract
Cap Rate 5.48
MobileHomeRemainsYN No

Interior Features

Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Street Suffix Avenue
Total Bedrooms 60
Electric On Property Y/N No
Total Baths 60

Exterior Features

Parking Features CommunityStructure
Total Parking 0.0
Lot Size Area 18030.0
Number of Buildings 1
Spa No
Building Area Total 35216.0
Lot Size Acres 0.4139
Lot Size Units SquareFeet
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 90004

Price
AVG $2.9M
$13.75M
Visits
AVG 70
54
Data Provided by Inside Real Estate®
Year Built
AVG 1940
1986

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