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

$2,162,500 Sold Price as of 11/23/2022
  • 9 Beds
  • 8 Baths
  • 4,049 Sq.Ft.
Sold
$2,162,500 Sold Price as of 11/23/2022 Refinance Your Mortgage
Map preview of 515 N Mariposa Ave, Los Angeles, CA 90004

Property Overview: 515 N Mariposa Ave Los Angeles, CA has 9 bedrooms, 8 bathrooms, 4,049 living square feet and 7,499 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Growth Investment Group is proud to present 515 N Mariposa, a value-add investment offering centrally located at the heart of Oakwood, East Hollywood. 515 N Mariposa can be purchased alongside 210 N Kenmore for a total of 19-Units & 5.13% CAP.

Listed by Abel Benitez | BRE #02173463 | GIG Real Estate Inc.
Co-listed by Marc Schwartz | BRE #01515007 | GIG Real Estate Inc.
Last checked: 6 minutes ago | Last updated: November 25th, 2022 | Source CRMLS | DOM: 57

Home details

Lot Sq. Ft
7,499
HOA Dues
$0/mo
Year built
1937
Garage
7 Car
Property Type:
Multi Family
Status
Sold
MLS#
AR22128270
City
Los Angeles
County
Los Angeles
Time on Site
689 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,875
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $9,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.1%
  • Gross Rent Multiplier: 14.29
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 515 N Mariposa Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 7
  • # of Parking Spaces: 7
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 5520011008
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Off Rosewood Ave, turn onto N Mariposa and destination will be on your left.
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 515 N Mariposa Ave

Last sold for $2,162,500 on November 23rd, 2022

  • November, 2022

  • Nov 23, 2022

    Date

    Sold

    CRMLS: AR22128270

    $2,162,500

    Price

  • Jun 14, 2022

    Date

    Active

    CRMLS: AR22128270

    $2,350,000

    Price

  • March, 2020

  • Mar 27, 2020

    Date

    Canceled

    CRMLS: 20560390

    $2,000,000

    Price

  • Mar 4, 2020

    Date

    Active

    CRMLS: 20560390

    $2,000,000

    Price

  • Listing provided courtesy of CRMLS

    Unit mix is four (4) two bedroom/one bath units and two (2) studio units and one (1) permitted bachelor addition built in 1937. BACHELOR UNIT #7 IS NOT ON CERTIFICATE OF OCCUPANCY BUT WAS PERMITTED THROUGH LADBS (PERMIT NO 35762) AS A BACHELOR ADDITION ON NOV 1ST 1937. Cap rate and GRM assumes forward-looking 4% annual rent increases per the scheduled dates listed on page 23 of our OM through 7/1/2020. Strong in-place cash flow with upside in rents.All units feature original hardwood floors, large kitchens and bathrooms and a significant amount of closet space with some units also featuring walk-in closets, additional sitting space next to the bathroom, wall heating and wall AC units, balconies/porches and dual access from the front and rear of the unit. The landlord pays for water. The property is separately metered for gas and electricity and tenants also pay for their own trash. Seven parking spaces on-site. 515 N Mariposa Ave. can be purchased together with 210 N Kenmore Ave.

  • August, 2003

  • Aug 15, 2003

    Date

    Sold (Public Records)

    Public Records

    $475,000

    Price

Show More

Tax History for 515 N Mariposa Ave

Assessed Value (2020): $617,507
Year Land Value Improved Value Assessed Value
2020 $410,808 $206,699 $617,507

Home Value Compared to the Market

This property vs the competition

515 N Mariposa Ave sold on November 23, 2022 for 97.48% 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 $580.39 per/sqft which puts the price per square foot 23.13% lower than the current median sale per square foot for the city of Los Angeles.

About 515 N Mariposa Ave

Detailed summary of property

515 N Mariposa Ave is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 9 bedrooms, 8 bathrooms, roughly 4,049 living square feet, and sits on an approximately 7,499 square foot lot. 515 N Mariposa Ave was first listed on ArdentRealEstateGroup.com on June 14, 2022. The homeowner sold the property for $2,162,500. 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 97.48% higher than the current median priced home. Local homes that are currently for sale include 4351 Normal Ave, 155 S Westmoreland Ave and 4520 Willow Brook Ave. While the average home in Los Angeles, CA is selling in 96 days, 515 N Mariposa Ave has a days on market of 57 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 515 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 515 N Mariposa Ave

Public county record property details
Beds
4
Baths
7
Year built
1937
Sq. Ft.
4,049
Lot Size
7,499
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
57
APN
5520-011-008

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
$1,388,000
Median List Price/Sq.Ft.
$810
Median Sold Price
$1,650,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
64
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%)

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Recently Sold Homes Near 515 N Mariposa Ave

516 N Mariposa Ave, Los Angeles, CA 90004
$1,280,000 Last Sold Price
5 Beds
4 Baths
2348 Sq.Ft.
516 N Mariposa Ave
Los Angeles, CA 90004
546 N Normandie Ave, Los Angeles, CA 90004
$1,100,000 Last Sold Price
8 Beds
5 Baths
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546 N Normandie Ave
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525 N Normandie Ave, Los Angeles, CA 90004
$5,100,000 Last Sold Price
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525 N Normandie Ave
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427 N Kenmore Ave, Los Angeles, CA 90004
$900,000 Last Sold Price
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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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