200 N Mariposa Avenue
Los Angeles, CA 90004

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.