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1623 N Mariposa Ave, Los Angeles, CA 90027
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1623 N Mariposa Ave Los Angeles, CA 90027

$5,100,000 Sold Price as of 08/06/2019
  • 21 Beds
  • 24 Baths
  • 14,232 Sq.Ft.
Sold
$5,100,000 Sold Price as of 08/06/2019 Refinance Your Mortgage
Map preview of 1623 N Mariposa Ave, Los Angeles, CA 90027

Property Overview: 1623 N Mariposa Ave Los Angeles, CA has 21 bedrooms, 24 bathrooms, 14,232 living square feet and 6,382 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1623 N Mariposa Ave is located just south of Sunset Boulevard and only a few blocks away from the hip and trendy area of Los Feliz. Built in 1929, the building exudes all the character and old Hollywood charm of that area featuring hardwood floors, some built-ins and crown molding. The property has 14,232 square feet of improvements over three floors with a total of 24 units and sits on a 6,381 square foot lot. The building has secured entry and a very desirable unit mix of six (6) studios / one-bathroom units, fifteen (15) one-bedroom / one-bathroom units and three (3) two-bedroom / one-bathroom units. The owner pays for garbage, water and gas. This offering will appeal to any investor looking for a character building in a desirable location with significant rental upside (32%+/-).

Listed by Richard Ringer | BRE #01494512 | Richard J. Ringer Inc.
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 25

Home details

Lot Sq. Ft
6,382
HOA Dues
$0/mo
Year built
1929
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19465320
City
Los Angeles
County
Los Angeles
Time on Site
1345 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 24
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,366
  • Total Rent: $1,366
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 2
  • # of Units: 15
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,396
  • Total Rent: $1,396
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,256
  • Total Rent: $1,256
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.93
  • Gross Scheduled Income: --
  • Net Operating Income: $230,740
  • Gross Operating Income: $383,078
  • Improvements Total: $322,761
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1623 N Mariposa Ave

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Other
Property Information
  • Total # of Units: 24
  • Parcel Number: 5543001022
Location / Neighborhood
Location Information
  • Directions: Hollywood Blvd to N Mariposa Ave
View more facts & features

Local Los Angeles Agent

Sale History for 1623 N Mariposa Ave

Last sold for $5,100,000 on August 6th, 2019

  • August, 2019

  • Aug 9, 2019

    Date

    Sold

    CRMLS: 19465320

    $5,100,000

    Price

  • Jun 6, 2019

    Date

    Active Under Contract

    CRMLS: 19465320

    $5,500,000

    Price

  • May 10, 2019

    Date

    Active

    CRMLS: 19465320

    $5,500,000

    Price

  • August, 2019

  • Aug 6, 2019

    Date

    Sold (Public Records)

    Public Records

    $5,100,000

    Price

  • September, 1999

  • Sep 16, 1999

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1623 N Mariposa Ave

Assessed Value (2020): $5,102,640
Year Land Value Improved Value Assessed Value
2020 $3,100,000 $2,002,640 $5,102,640

Home Value Compared to the Market

This property vs the competition

1623 N Mariposa Ave sold on August 6, 2019 for 391.07% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $386.45 per/sqft which puts the price per square foot 46.62% lower than the current median sale per square foot for the city of Los Angeles.

About 1623 N Mariposa Ave

Detailed summary of property

1623 N Mariposa Ave is a multi family that recently sold in Los Angeles, CA 90027. This multi family property offered 21 bedrooms, 24 bathrooms, roughly 14,232 living square feet, and sits on an approximately 6,382 square foot lot. 1623 N Mariposa Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $5,100,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 391.07% higher than the current median priced home. Local homes that are currently for sale include 1908 Hillcrest Rd, 843 S Ardmore Ave and 676 S Rampart Blvd. While the average home in Los Angeles, CA is selling in 106 days, 1623 N Mariposa Ave has a days on market of 25 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1623 N Mariposa Ave Los Angeles, CA 90027 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1623 N Mariposa Ave

Public county record property details
Beds
--
Baths
--
Year built
1929
Sq. Ft.
14,232
Lot Size
6,381
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
5543-001-022

The source for these homes facts are from public records.

90027 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,488,000
Median List Price/Sq.Ft.
$943
Median Sold Price
$2,340,000
Median Sold Price/Sq.Ft.
$1,093
Total Inventory
81
Median Sale to List Price %
126.55%
Avg Days on Market
35
Loan Type
Conventional (14.29%), FHA (0%), VA (0%), Cash (7.14%), Other (0%)

Thinking of Selling?

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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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