1150 S Mariposa Avenue
Los Angeles, CA 90006
MLS #DW17112727

Income
  • 4units
  • 2,754sq ft
$900,000
Est. P&I payment: $3437.39/mo
1150 S Mariposa Avenue, Los Angeles, CA 90006
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Description for 1150 S Mariposa Avenue, Los Angeles, CA 90006
MAJOR PRICE REDUCTION *** $50,000 PRICE REDUCTION SELLER WANTS IT SOLD... A well maintained and clean, beautiful curb appeal. Great Residential Income within the area of Mid-City, Mid-Wilshire, and Koreatown area very, vibrant neighborhood in Los Angeles. More people move into in this area every month attracted to its central location and exciting culture. within minutes of Downtown, LA Live, Major FWY and a Block away Iconic Places St Thomas Catholic Church / St Thomas Catholic School and Loyal High School just turned 150, Staples center, and USC campus. Tenants pay gas and electricity. With the metro coming in the rental market is expected to become even more in demand. Property has been Light remodeled with Newer Windows recently painted, This property has a potential for upside in rents due to long time tenants. Tenants are on month to month. The building offers a gated front yard. Units have second entry doors into the kitchens Main House has 4BD/2BR, a Single and two units are 1BD/BR don’t miss this great opportunity. Submit all offers soon. This 4 units property will not last!
MLS #DW17112727
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My Notes for MLS #DW17112727

General Features

  • Number Of Buildings: 2
  • Number Of Units Total: 4
  • Year Built: 1953
  • Year Built Source: Assessor
  • Zoning: LAR3
  • Elevation Units: Feet

Exterior Features

  • Stories Total: 2
  • Lot Features: Lot Shape-Rectangular
  • Lot Size SqFt: 5,904
  • Lot Size Units: Square Feet
  • Pool Features: None
  • Common Walls: 2+ Common Walls
  • Property Attached YN: 1

Interior Features

  • Levels: Two
  • Average 1Bed Area Units: Square Feet
  • Average 2Bed Area Units: Square Feet
  • Average 3Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet

Utility Features

  • Water Source: Public
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Financial Features

  • CapRate: 5.23
  • Gross Scheduled Income: 4,202
  • Insurance Expense: 1,575
  • Net Operating Income: 3,390
  • Operating Expense: 280
  • Price Per SqFt: 326.8
  • Total Expenses: 1,249
  • Vacancy Allowance Rate: 5
  • Water Sewer Expense: 2,160
  • Tax Lot: 15
  • Gross Income: 50,424
  • Gross Multiplier: 17.85
  • New Taxes Expense: 11,250
  • Rent Control YN: 1

Community Features

  • Community Features: Sidewalks,​Street Lighting

Miscellaneous Features

  • Building Area Total: 2,754
  • Building Area Units: Square Feet
  • Days On Market: 188
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 188
  • Tax Census Tract: 2,133.1
  • Tax Tract Number: 33

Location

 
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Directions to 1150 S Mariposa Avenue, Los Angeles, CA 90006
10Fwy exit Normandie, Head North to 12th St on 12th St make a Right, on Mariposa Make Left
Listing information for 1150 S Mariposa Avenue, Los Angeles, CA 90006 was graciously provided by our friends at the listing brokerage, VIP Real Estate Firm and by listing agent Mejia Guillermo DRE# 01719753

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P&I Payment $3437.39
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 01/17/2018 at 7:33pm
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