1006 N Mariposa Ave Los Angeles, CA 90029

$--

28 Beds
25 Baths
16,646 Sq.Ft.

Off Market

Map preview of 1006 N Mariposa Ave, Los Angeles, CA 90029

Property Overview: 1006 N Mariposa Ave Los Angeles, CA has 28 bedrooms, 25 bathrooms, 16,646 living square feet and 26,587 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1006 N Mariposa Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $247,000 for the down payment and will need roughly $24,700 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $59,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1006 N Mariposa Ave

Last sold on September 23rd, 2014

September, 2021
Sep 15, 2021

Date

Expired

CRMLS: 21760712

$6,800,000

Price
Jul 14, 2021

Date

Active

CRMLS: 21760712

$6,800,000

Price
Listing provided courtesy of CRMLS

1006 N. Mariposa, Mariposa Gardens, is a gated two-story courtyard style complex with ample parking in the front and rear of the property. The property was originally built in 1934 over a raised foundation. The single-story units in the front have individual hot water heaters and some of the units have front and back doors. Brand new pitched roof. There is currently one non-conforming unit which could be replaced with two 1-bedroom (application pending). There is on-site laundry with leased machines. The property has 33 parking spaces which currently generates $725 per month. Additional parking can be added by reducing the grassy courtyard. This property is part of a 10-property portfolio totaling 186 units. Most of the properties are in the 90029 & 90006 zip codes of Los Angeles, CA. These well-located properties offer convenient access to Downtown Los Angeles & Mid-Wilshire and can be managed efficiently due to their proximity to one another. The properties are well maintained and have had many exterior and interior improvements. There is still +28% upside to be realized as units turn and the opportunity to construct two additional units already permitted at 1006 Mariposa. This infill multifamily portfolio is in an improving submarket in LA and gives an investor diversification amongst 12 different APNs and proven upside through continued unit turns.

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September, 2014
Sep 23, 2014

Date

Sold (Public Records)

Public Records

--

Price
July, 2004
Jul 30, 2004

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1006 N Mariposa Ave

Assessed Value (2020): $3,189,593

Year	Land Value	Improved Value	Assessed Value
2020	$1,936,829	$1,252,764	$3,189,593

About 1006 N Mariposa Ave

Detailed summary of property

1006 N Mariposa Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90029 and is currently off market. This property has 28 bedrooms, 25 bathrooms, roughly 16,646 living square feet, and sits on an approximately 26,587 square foot lot. Homes in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Local nearby listings include 1245 N New Hampshire Ave #4, 5088 Lemon Grove Ave and 5347 Fountain Ave. The average home in Los Angeles, CA is selling in 94 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. If you are the homeowner and looking to sell the home at 1006 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 1006 N Mariposa Ave

Public county record property details

Beds: 28
Baths: 25
Year built: 1934
Sq. Ft.: 16,646
Lot Size: 26,587
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 28,29
APN: 5538-002-030

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

$1,195,000

Median List Price/Sq.Ft.

$802

Median Sold Price

$1,049,000

Median Sold Price/Sq.Ft.

$1,042

Total Inventory

Median Sale to List Price %

95.36%

Avg Days on Market

Loan Type

Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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