1250 N Mariposa Ave
Seven-unit multifamily building at 1250 N Mariposa Avenue, Los Angeles, offered at $2,400,000 at a 6.29% cap. The Class C property features a mix of one- and two-bedroom units in a distinctive Spanish-style structure built in 1930, situated on 0.15 acres in the R3 zone.
The 13,045 SF, two-story building commands strong tenant demand in one of Los Angeles's most active rental markets. Each unit includes updated amenities: air conditioning, central heating, natural light, full kitchen, and microwave. The location on Mariposa Avenue provides direct access to Metro/Subway, public transportation, bus lines, and commuter rail, positioning the asset for long-term appreciation and consistent rental income growth.
- Seven units, mix of one- and two-bedroom floor plans
- 6.29% cap rate; strong Los Angeles multifamily fundamentals
- Direct Metro/Subway and public transit access
- Updated unit amenities; Spanish-style architecture
- 0.15-acre R3-zoned parcel; two-story, 13,045 SF
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Features & amenities
Location
This seven-unit multifamily property at 1250 N. Mariposa Avenue presents an outstanding investment opportunity in the heart of Los Angeles. The property features a well-balanced mix of spacious one- and two-bedroom residences, each offering updated amenities and comfortable living spaces that complement the building's distinctive Spanish-style architecture. Located in a highly desirable rental market, the asset benefits from strong tenant demand and excellent long-term fundamentals. With the potential for continued rental income growth and property appreciation, this investment is well suited for both experienced investors and those looking to expand or establish a multifamily portfolio in one of Southern California's most sought-after markets.