List Search

514 S Mariposa Ave
Los Angeles, CA 90020 Koreatown

$3,700,000 USD

Apartments For Sale  •  13,725 SF

Property Details

  • Property Type Apartments
  • Total Building Size 13,725 SF
  • Lot Size 0.26 AC
  • Building Class C
  • Year Built 1960
  • Cap Rate 6.00 %
  • Zoning LAR4
90 Transit Score
80 Walk Score

Highlights

12 of 19 units renovated with high-end finishes
Repositioned units achieving market making rents
Quartz countertops, stainless appliances, custom tile, and split-systems
Over 20% upside in rental income
Blocks from 6th St and Wilshire Blvd amenities
"Walkers Paradise" score of 94 on Walkscore.com

Property Flyers

Financial Summary (Actual)

Net Operating Income: $222,154 USD (2025)
Cap Rate: 6.00 %
Total Expenses: $170,132 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Tenant Controlled HVAC
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Walk-Up

Public Transportation

Commuter RailDriveWalkDistance
10 min - 5.1 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)) 11 min - 5.4 mi
Transit/SubwayDriveWalkDistance
Wilshire/Normandie Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 6 min 0.3 mi
Wilshire/Vermont Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 13 min 0.7 mi
Wilshire/Western Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 15 min 0.8 mi
AirportDriveWalkDistance
Bob Hope 23 min - 12.0 mi
Los Angeles International 25 min - 13.6 mi
Long Beach (Daugherty Field) 36 min - 24.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 17
Type: Covered
Included in Rent: Yes
Mark Ventre 323-202-9741 Lyon Stahl Investment Real Estate
Mark Ventre 323-202-9741 Lyon Stahl Investment Real Estate