730 N. Mariposa Ave., Los Angeles, CA 90029

FOR SALE
  • $5,400,000
  • 20 Days on site
  • Beds: 35
  • Baths: 29
  • Commercial Building
  • 20,358 sq ft
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Description

The subject property is a 28 unit apartment building located in the dense rental market of East Hollywood. There is an attractive unit mix of twenty one One Bedroom/One Bath Units, Six Two Bedroom/One Bath Units and One Two Bedroom/One and Three Quarter Bath Units. The property was built in 1963 and is subject to rent control. Currently managed by the owner, the property has been in the family for over 39 years. With a Walk Score of 83, the residents of the property enjoy close proximity to LA City College, Metro Rail Station and 101 freeway access. Coupled with the surrounding popular neighborhoods of Silverlake, Los Feliz, Koretown and Hollywood, this pocket of East Hollywood is positioned well for growth. The rents at the subject property are significantly below the market. With the implementation of an exterior renovation program and remodeling of units as they turn, a new owner should be able to achieve an attractive increase in income at the property.

  • MLS ID# 17-189114
  • Year Built: 1863
  • 20 Days on site
  • Commercial Building
  • Beds: 35
  • Baths: 29

Listing Details

Parking
Parking Space (31)
Cooling
Window Wall Unit
Heating
Wall Furnace Heat

Local Info

Population
46,298
Median Household Income
$28,433
Median Years In Residence
7
Median Homeowner Age
31
Households with Children
57.35%
Percent of Homes Rented
86.84%

Nearby Elementary Schools

1055 N Alexandria Ave
4211 Oakwood Ave
4120 Marathon St

Nearby Middle Schools

1055 N Alexandria Ave
1308 L Ron Hubbard Way
152 N Vermont Ave

Nearby High Schools

1308 L Ron Hubbard Way
221 N Westmoreland Ave
3500 W Temple St

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Property Contact Info

Listing Provided By: Marcus & Millichap
(818) 212-2700
Listing Agent: Brett Sanson

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