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514 S Mariposa Ave, Los Angeles, CA 90020
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514 S Mariposa Ave Los Angeles, CA 90020

$4,650,000
  • 17 Beds
  • 19 Baths
  • 12,294 Sq.Ft.
For Sale
$4,650,000 Get Pre-Qualified
Map preview of 514 S Mariposa Ave, Los Angeles, CA 90020

Property Overview: 514 S Mariposa Ave Los Angeles, CA has 17 bedrooms, 19 bathrooms, 12,294 living square feet and 11,254 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: Habitat Apartments is a 19-unit apartment building located at 514 S. Mariposa Ave in the highly desirable Koreatown neighborhood of Los Angeles. Built in 1960, the property offers renters a high demand unit mix of 2 studios and 17 one-bedroom units across +/- 12,294 square feet of improvements on +/- 11,250 square feet of land. The thoughtfully maintained property features 12 extensively renovated units featuring new hardwood floors, kitchen cabinets, countertops, stainless steel appliances, designer tiles, fixtures, and lighting. The bathrooms have been updated with modern vanities and tile, bathtubs, and hardware. In addition, the units have new vinyl windows and either wall or split system air-conditioning units. New ownership can continue to capture an additional +/- 26% upside in rents through comprehensive renovations of the remaining unit interiors. The charming Mid-Century design, location, and resort-style feel, are major draws for tenants at the Habitat Apartments. Additional drivers leading to the historically high rents being achieved at Habitat include the elevated level of renovations and designer touches. Tenants have proven they are willing to pay more for a premium product which exceeds the level of detail found at competing properties. The building has 19 tuck-under parking spaces and one laundry room. Utilities are separately metered for electricity and gas, and there is one central water heater. Located in the heart of the Koreatown neighborhood, just east of Normandie Ave, and north of Wilshire Blvd, Habitat Apartments offers tenants access to major employment centers and a broad range of entertainment and recreation opportunities, all within a short walk. The Wilshire/Normandie Purple Line is a few-minute walk from Habitat.

Listed by Adam Zunder | BRE #01821053 | Iconic Investments
Last checked: 11 minutes ago | Last updated: March 27th, 2024 | Source CRMLS | DOM: 37
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Home details

Lot Sq. Ft
11,254
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24370505
City
Los Angeles
County
Los Angeles
Time on Site
45 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 19
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 17
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,704
  • Total Rent: $28,971
  • Pro Forma/Market Rent: $38,350
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $2,502
  • Pro Forma/Market Rent: $3,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.03%
  • Gross Rent Multiplier: 12.69
  • Gross Scheduled Income: --
  • Net Operating Income: $233,745
  • Gross Operating Income: $377,680
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 514 S Mariposa Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 19
  • Has Parking
  • Parking Features: Community Structure, Controlled Entrance
Property Information
  • Total # of Units: 19
  • Parcel Number: 5502019006
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Prime Koreatown location. Just east of Western. Between 3rd st and 6th st.
View more facts & features

Local Los Angeles Agent

Sale History for 514 S Mariposa Ave

Last leased for $185 on March 16th, 2023

  • March, 2024

  • Mar 19, 2024

    Date

    Active

    CRMLS: 24370505

    $4,650,000

    Price

  • March, 2023

  • Mar 16, 2023

    Date

    Leased

    CRMLS: SR23020524

    $185

    Price

  • Feb 6, 2023

    Date

    Active

    CRMLS: SR23020524

    $1,950

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 514 S Mariposa! Newly renovated unit boast ultra modern finishes to compliment a updated 60's retro exterior. 1 bd/ 1ba unit include beautiful grey tones wood flooring throughout, tons of organized closet spaces, designer kitchen include brand new appliances, stunning quartz counters, elegant tile backsplash and ample cabinets and storage. STREET PARKING ONLY. Hotel style bathroom, with deep soaking tub and beautifully tiled shower walls. Make this your pad today! Nearby schools include Everest Value, Ucla Community School and Rfk Community Schools-Los Angeles High School of the Arts. Walk to Wilshire Blvd, Close to the Normandie Hotel and famous Cassell's Restaurant, Line A Hotel and famed Alfreds Coffee - Multiple hot spots for shopping eating and entertainment right in the heart of K Town. Video tours available! We have other too.

  • March, 2023

  • Mar 10, 2023

    Date

    Leased

    CRMLS: SR23020551

    $2,095

    Price

  • Feb 6, 2023

    Date

    Active

    CRMLS: SR23020551

    $2,195

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 514 S Mariposa! Newly renovated unit boast ultra modern finishes to compliment a updated 60's retro exterior. 1 bd/ 1ba unit include beautiful grey tones wood flooring throughout, tons of organized closet spaces, designer kitchen include brand new appliances, stunning quartz counters, elegant tile backsplash and ample cabinets and storage. SECURED Parking Included Hotel style bathroom, with deep soaking tub and beautifully tiled shower walls. Make this your pad today! Nearby schools include Everest Value, Ucla Community School and Rfk Community Schools-Los Angeles High School of the Arts. Walk to Wilshire Blvd, Close to the Normandie Hotel and famous Cassell's Restaurant, Line A Hotel and famed Alfreds Coffee - Multiple hot spots for shopping eating and entertainment right in the heart of K Town. Video tours available! We have other too.

  • August, 2017

  • Aug 31, 2017

    Date

    Sold (Public Records)

    Public Records

    $4,000,000

    Price

  • December, 2014

  • Dec 23, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 514 S Mariposa Ave

Assessed Value (2020): $4,162,020
Year Land Value Improved Value Assessed Value
2020 $2,913,120 $1,248,900 $4,162,020

Home Value Compared to the Market

This property vs the competition

514 S Mariposa Ave is listed 279.59% 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 $378.23 per/sqft which puts the price per square foot 51.13% lower than the median price per square foot for the city of Los Angeles.

About 514 S Mariposa Ave

Detailed summary of property

514 S Mariposa Ave is a multi family located in Los Angeles, CA 90020 and is currently for sale. This multi family property offers 17 bedrooms, 19 bathrooms, roughly 12,294 living square feet, and sits on an approximately 11,254 square foot lot. 514 S Mariposa Ave was first listed on ArdentRealEstateGroup.com on March 19, 2024. The homeowner is currently asking $4,650,000. 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 279.59% higher than the median priced home. Local competing homes currently for sale include 821 S Wilton Pl, 4942 Maplewood Ave and 4835 Elmwood Ave. While the average home in Los Angeles, CA is selling in 96 days, 514 S Mariposa Ave has a days on market of 37 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 514 S Mariposa Ave Los Angeles, CA 90020 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 514 S Mariposa Ave

Public county record property details
Beds
17
Baths
19
Year built
1960
Sq. Ft.
12,294
Lot Size
11,250
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8,9
APN
5502-019-006

The source for these homes facts are from public records.

90020 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$800,000
Median List Price/Sq.Ft.
$658
Median Sold Price
$520,000
Median Sold Price/Sq.Ft.
$702
Total Inventory
48
Median Sale to List Price %
104%
Avg Days on Market
43
Loan Type
Conventional (36.36%), FHA (0%), VA (0%), Cash (9.09%), Other (18.18%)

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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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