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978 S Mariposa Ave
Los Angeles, CA 90006 Koreatown

$3,150,000 USD

Apartments For Sale  •  4,763 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,763 SF
  • Lot Size 0.14 AC
  • Building Class B
  • Year Built 2017
  • Cap Rate 4.28 %
  • Zoning R4-1
90 Transit Score
80 Walk Score

Highlights

Located near Koreatown surrounded by numerous shopping, dining, and entertainment venues
Complex consists of good mix of studios, one, and two bedroom units each featuring high ceilings, high end interior design and own washer/dryer
No rent control, room for increased rents, units consistently in demand so easy to rent out

Property Flyers

Financial Summary (Actual)

Net Operating Income: $134,904 USD (2025)
Cap Rate: 4.28 %
Total Expenses: $58,236 USD

Amenities

  • Fenced Lot
  • Tenant Controlled HVAC
  • Washer/Dryer
  • Gated
  • Gas Range
  • Kitchen
  • Range

Public Transportation

Commuter RailDriveWalkDistance
10 min - 4.4 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)) 13 min - 4.7 mi
Transit/SubwayDriveWalkDistance
Wilshire/Normandie Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 14 min 0.7 mi
AirportDriveWalkDistance
Los Angeles International 23 min - 12.8 mi
Bob Hope 23 min - 12.9 mi
Long Beach (Daugherty Field) 33 min - 23.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 7
Type: Covered
Included in Rent: Yes
Thomas Lo 626-940-6865 Thomas Iping Lo, Broker
Thomas Lo 626-940-6865 Thomas Iping Lo, Broker