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$ 2,200,000
Est. payment /mo
New
1049 N Mariposa AVE Los Angeles, CA 90029
12 Beds
12 Baths
6,832 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,832 sqft
Price per Sqft $322
MLS Listing ID 26107547
Bedrooms 12
HOA Y/N No
Year Built 1957
Lot Size 6,878 Sqft
Property Description
Positioned just south of Santa Monica Boulevard between Normandie and Vermont Avenues, the property offers residents convenient access to everyday retail destinations, restaurants, services, and public transportation. The location is highly walkable, with multiple shopping centers within approximately 0.2 miles and the Vermont/Santa Monica Metro Station approximately a 10-minute walk from the building. Because all seismic retrofit repairs have already been completed by the current owner, a new investor is saved from an otherwise expensive maintenance item. The exterior was painted in 2026 and the main electrical panel was also recently upgraded. The building also features partial copper plumbing and a pitched roof. The property also offers several attractive investment characteristics, including commercial zoning with potential for future redevelopment, subject to verification of permitted uses and applicable city approvals. Three vacant units provide an incoming investor with immediate flexibility to renovate and reposition units or lease them at market rents, while the recently painted building, on-site laundry, parking, and storage enhance the property's physical appeal and resident amenities. With convenient access to the 101 Freeway and surrounding employment and entertainment hubs including Hollywood, Los Feliz, Silver Lake, Koreatown, and Downtown Los Angeles, 1049 N Mariposa Avenue offers a combination of immediate operational opportunity and long-term flexibility.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAC2
Interior
Fireplace No
Exterior
Parking Features Assigned
Building
Story 3
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5538001024
Special Listing Condition Standard
Listed by Roderick 'Rick' Raymundo Marcus & Millichap #01357019
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