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200 N Mariposa Ave, Los Angeles, CA 90004
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200 N Mariposa Ave Los Angeles, CA 90004

$1,350,000 Sold Price as of 04/05/2024
  • 8 Beds
  • 8 Baths
  • 4,922 Sq.Ft.
Sold
$1,350,000 Sold Price as of 04/05/2024 Refinance Your Mortgage
Map preview of 200 N Mariposa Ave, Los Angeles, CA 90004

Property Overview: 200 N Mariposa Ave Los Angeles, CA has 8 bedrooms, 8 bathrooms, 4,922 living square feet and 6,006 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: With a unit mix that includes both one- and two-bedroom units, the 4,922 square foot building sits on a corner lot. A new investor may be able to capitalize on the substantial rent upside, as current rents average only $1.86 per square foot while similar apartments in the area are renting for more than $3.00 per square foot. The current owner completed all required seismic retrofit repairs in 2022 (Buyer to verify), benefitting a new investor by allowing them to avoid an otherwise major capital expense. There is ample on-site parking, including four garage spaces, which helps to attract tenants in this dense residential neighborhood. Nestled between the thriving neighborhoods of Koreatown, Hancock Park, Silver Lake, and Hollywood, this location allows tenants access to several of Los Angeles' most popular dining and entertainment destinations. With a Walk Score of 86, the immediate neighborhood is "Very Walkable" while a Metro Red Line station is just blocks away on the corner of Beverly Boulevard and Vermont Avenue. Tenants are also drawn to the trendy Virgil Village and Larchmont Village, both of which are nearby as well.

Listed by Roderick 'Rick' Raymundo | BRE #01357019 | Marcus & Millichap
Last checked: 13 minutes ago | Last updated: April 10th, 2024 | Source CRMLS | DOM: 41

Home details

Lot Sq. Ft
6,006
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
24348979
City
Los Angeles
County
Los Angeles
Time on Site
119 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,872
  • Total Rent: $4,790
  • Pro Forma/Market Rent: $3,744
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,365
  • Total Rent: $7,980
  • Pro Forma/Market Rent: $5,460
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.71%
  • Gross Rent Multiplier: 12.65
  • Gross Scheduled Income: --
  • Net Operating Income: $67,633
  • Gross Operating Income: $110,135
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 200 N Mariposa Ave

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 6
  • Parcel Number: 5518011006
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: We are pleased to announce the opportunity to purchase 200 N Mariposa Avenue, a six-unit multifamily property located near the intersection of Beverly Boulevard and Normandie Avenue in Los Angeles, CA.
View more facts & features

Local Los Angeles Agent

Sale History for 200 N Mariposa Ave

Last sold for $1,350,000 on April 5th, 2024

  • April, 2024

  • Apr 5, 2024

    Date

    Sold

    CRMLS: 24348979

    $1,350,000

    Price

  • Jan 17, 2024

    Date

    Active

    CRMLS: 24348979

    $1,435,000

    Price

  • October, 2023

  • Oct 11, 2023

    Date

    Canceled

    CRMLS: AR23156369

    $1,510,000

    Price

  • Aug 21, 2023

    Date

    Active

    CRMLS: AR23156369

    $1,510,000

    Price

  • Listing provided courtesy of CRMLS

    200 N Mariposa, a 6-unit value-add investment offering centrally located in the heart of East Hollywood. It is centrally located just minutes away from Larchmont Village, Paramount Studios, Los Angeles City College & MacArthur Park. This HIGH Proforma CAP Rate and Value-Add investment offering provides investors an excellent opportunity to buy in a very strong rental submarket with strong demand. Built in 1961, the property is a garden style two-story bread and butter apartment. It consists of 6 units totaling 4,922 SF of living area on a sizeable 6,006 SF lot. The property is strategically situated on the northeast corner of Mariposa Ave and Council St, and a block south of Beverly Blvd. This high-density location provides strong and consistent demand for rental units. The lot is zoned LAR3, and the buyer may be able to convert the 4 car garages into ADUs (buyer to verify). Each unit is spacious with an estimated size of 820sf/unit (buyer to verify), and the community is fully occupied with mostly long-time tenants that are on month-to-month lease. Rent comparable shows current rental income is ±34% below market (buyer to verify). Several units have private patio/balcony. The property offers 10 parking spaces through 4 car garage + 2 open space in the back and 4 tandem spaces in front of the garages (buyer to verify). It is individually metered for electricity and gas and has a security fence/gate. It has a shared laundry room (seller own machines).

  • July, 2018

  • Jul 26, 2018

    Date

    Sold (Public Records)

    Public Records

    $850,000

    Price

  • October, 2000

  • Oct 6, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 200 N Mariposa Ave

Assessed Value (2020): $1,785,000
Year Land Value Improved Value Assessed Value
2020 $1,224,000 $561,000 $1,785,000

Home Value Compared to the Market

This property vs the competition

200 N Mariposa Ave sold on April 5, 2024 for 20.59% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $291.55 per/sqft which puts the price per square foot 61.38% lower than the current median sale per square foot for the city of Los Angeles.

About 200 N Mariposa Ave

Detailed summary of property

200 N Mariposa Ave is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 4,922 living square feet, and sits on an approximately 6,006 square foot lot. 200 N Mariposa Ave was first listed on ArdentRealEstateGroup.com on January 18, 2024. The homeowner sold the property for $1,350,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 20.59% higher than the current median priced home. Local homes that are currently for sale include 317 N Commonwealth Ave, 1027 N Edgemont St and 5324 Monroe St. While the average home in Los Angeles, CA is selling in 94 days, 200 N Mariposa Ave has a days on market of 41 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 200 N Mariposa Ave Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 200 N Mariposa Ave

Public county record property details
Beds
8
Baths
9
Year built
1961
Sq. Ft.
4,922
Lot Size
6,005
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
5518-011-006

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,500,000
Median List Price/Sq.Ft.
$795
Median Sold Price
$1,650,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
61
Median Sale to List Price %
97.35%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (13.33%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 200 N Mariposa Ave

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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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