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1002 N Mariposa Ave, Los Angeles, CA 90029
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1002 N Mariposa Ave Los Angeles, CA 90029

$5,095,000
  • 53 Beds
  • 28 Baths
  • 22,368 Sq.Ft.
For Sale
$5,095,000 Get Pre-Qualified
Map preview of 1002 N Mariposa Ave, Los Angeles, CA 90029

Property Overview: 1002 N Mariposa Ave Los Angeles, CA has 53 bedrooms, 28 bathrooms, 22,368 living square feet and 19,329 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 1002 N Mariposa Ave is a beautiful 28-unit courtyard property located in the heart of Hollywood. Consisting of all large units, 25 of the 28 units are two bedrooms. Asking only 11.8 GRM with LOW LOW rents, this offers a new investor approximately 60% upside potential. Please do not disturb the tenants as the building is fully occupied.

Listed by Chase Simonton | BRE #01766871 | RE/MAX One
Last checked: 11 minutes ago | Last updated: April 25th, 2024 | Source CRMLS | DOM: 15
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Home details

Lot Sq. Ft
19,329
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24381493
City
Los Angeles
County
Los Angeles
Time on Site
13 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 28
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 25
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $35,729
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,071
  • Total Rent: $3,214
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.04%
  • Gross Rent Multiplier: 11.88
  • Gross Scheduled Income: --
  • Net Operating Income: $159,301
  • Gross Operating Income: $428,752
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1002 N Mariposa Ave

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Property Details for 1002 N Mariposa Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 28
  • Parcel Number: 5538002031
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Santa Monica Blvd and East of Normandie Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 1002 N Mariposa Ave

Last sold on August 24th, 2020

  • April, 2024

  • Apr 17, 2024

    Date

    Active

    CRMLS: 24381493

    $5,095,000

    Price

  • August, 2020

  • Aug 24, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2004

  • Jan 20, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1002 N Mariposa Ave

Assessed Value (2020): $2,343,563
Year Land Value Improved Value Assessed Value
2020 $1,690,063 $653,500 $2,343,563

Home Value Compared to the Market

This property vs the competition

1002 N Mariposa Ave is listed 315.92% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $227.78 per/sqft which puts the price per square foot 70.57% lower than the median price per square foot for the city of Los Angeles.

About 1002 N Mariposa Ave

Detailed summary of property

1002 N Mariposa Ave is a multi family located in Los Angeles, CA 90029 and is currently for sale. This multi family property offers 53 bedrooms, 28 bathrooms, roughly 22,368 living square feet, and sits on an approximately 19,329 square foot lot. 1002 N Mariposa Ave was first listed on ArdentRealEstateGroup.com on April 18, 2024. The homeowner is currently asking $5,095,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 315.92% higher than the median priced home. Local competing homes currently for sale include 1947 N Vista Del Mar Ave, 2016 N Vista Del Mar Ave and 1042 Wilcox Ave. While the average home in Los Angeles, CA is selling in 96 days, 1002 N Mariposa Ave has a days on market of 15 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1002 N Mariposa Ave Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1002 N Mariposa Ave

Public county record property details
Beds
--
Baths
--
Year built
1924
Sq. Ft.
22,368
Lot Size
19,323
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10-11
APN
5538-002-031

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,000
Median List Price/Sq.Ft.
$802
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
33
Median Sale to List Price %
95.36%
Avg Days on Market
38
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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