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228 S Mariposa Ave
Los Angeles, CA 90004 Koreatown

$3,500,000 USD

Apartments For Sale • 14,257 SF

Property Details

Property Type Apartments
Total Building Size 14,257 SF
Lot Size 0.34 AC
Building Class C
Year Built 1956
Cap Rate 6.01 %
Zoning R4-2, Los Angeles

80 Transit Score

80 Walk Score

                
                    Highlights
                
                                Well-Located 18-Unit Multifamily Investment in Koreatown
                            
                                Strong In-Place Returns -- 6.01% CAP Rate and 10.12 GRM
                            
                                Attractive Unit Mix: 3 (2 Bedroom + 1 Bathroom), 13 (1 Bedroom + 1 Bathroom) & 2 (Studio) Units -- Includes a Permitted Attached ADU
                            
                                Numerous Units Thoughtfully Renovated with Contemporary Interior Finishes | Extensive Type L Copper Plumbing Upgrades
                            
                                Substantial Capital Improvements Completed Under Current Ownership | Situated on an Expansive 15,000 Square-Foot Lot
                            
                                92 Walk Score -- Walker's Paradise | Centrally Located Near Hancock Park, Downtown Los Angeles, and Major Employment Centers

Financial Summary (Actual)

Net Operating Income: $210,235 USD (2025)

Cap Rate:	6.01 %
Total Expenses:	$125,333 USD

Amenities

Disposal
Laundry Facilities
Gated
Kitchen
Range

Public Transportation

Commuter Rail	Drive	Walk	Distance
	10 min	-	4.7 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	10 min	-	5.0 mi
Transit/Subway	Drive	Walk	Distance
Wilshire/Normandie Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	13 min	0.7 mi
Vermont/Beverly Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	16 min	0.8 mi
Wilshire/Vermont Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	4 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Bob Hope	22 min	-	11.6 mi
Los Angeles International	26 min	-	14.0 mi
Long Beach (Daugherty Field)	37 min	-	25.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	2
Type:	SurfaceTandem
Included in Rent:	Yes

Derrick Vartanian 310-739-3148 Lyon Stahl Investment Real Estate, Inc.

228 S Mariposa Ave Los Angeles, CA 90004 Koreatown