$4450000 Price Analysis   ♡   Los Angeles, CA 90020 17 bed 19 bath 12294 SqFt ($361/SqFt) 0.26 acre lot. Built 1960 Listed 2024-03-19, Taxes $51219 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Habitat Apartments is a 19-unit apartment building located at 514 S.
Mariposa Av in the highly desirable Koreatown neighborhood of Los Angeles. Built in 1960, the property offers renters a high demand unit mix of 2 studios and 17 one-bedroom units across +/- 12, 294 square feet of improvements on +/- 11, 250 square feet of land. The thoughtfully maintained property features 12 extensively renovated units featuring new hardwood floors, kitchen cabinets, countertops, stainless steel appliances, designer tiles, fixtures and lighting. The bathrooms have been updated with modern vanities and tile, bathtubs and hardware. In addition, the units have new vinyl windows and either wall or split system air-conditioning units. Contemporary ownership can continue to capture an additional +/- 26% upside in rents through comprehensive renovations of the remaining unit interiors.
The charming Mid-Century design, location and resort-style feel, are major draws for tenants at the Habitat Apartments. Additional drivers leading to the historically high rents being achieved at Habitat include the elevated level of renovations and designer touches. Tenants have proven they are willing to pay more for a premium product which exceeds the level of detail found at competing properties. The building has 19 tuck-under parking spaces and one laundry room. Utilities are separately metered for electricity and gas and there is one central water heater. Located in the heart of the Koreatown neighborhood, east of Normandie Ave and north of Wilshire Blvd, Habitat Apartments offers tenants access to major employment centers and a broad range of entertainment and recreation opportunities, all within a short walk. The Wilshire/Normandie Purple Line is a few-minute walk from Habitat.
Presented by Adam Zunder at
Iconic Investments.
Property MLS #24-370505 from TheMLSCLAW
Full Bathrooms: 19
Heating Features: Wall
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 11254
Parking Total: 19
Calculated Total Monthly Association Fees: 0
Number of Units: 19
Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 3700, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 38350
County: Los Angeles
Cap Rate: 5.3
Directions: Prime Koreatown location. Just east of Western. Between 3rd st and 6th st.
Source Property Type: Residential Income
Area: Mid-Wilshire
Source Neighborhood: Mid-Wilshire
Parcel Number: 5502-019-006
Postal Code Plus 4: 2867
Zoning: LAR4
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $1261414 + $2943299 $4204713 | $51219 |
| 2020 | $1248480 + $2913120 $4161600 | $51737 |
| 2019 | $1224000 + $2856000 $4080000 | $49705 |
| 2018 | $1200000 + $2800000 $4000000 | $49450 |
| 2017 | $1128754 + $1687954 $2816708 | $35168 |
| 2016 | $1106622 + $1654857 $2761479 | $34292 |
| 2015 | $1090000 + $1630000 $2720000 | $33802 |
| 2014 | $362745 + $170578 $533323 | $8020 |
| 2013 | $361106 + $169808 $530914 | $8014 |
| 2012 | $354026 + $166479 $520505 | $8117 |
| 2010 | $347085 + $163215 $510300 | $8026 |
| 2009 | $345310 + $162381 $507691 | $7751 |
| 2009 | $344491 + $161996 $506487 | $7751 |
| 2008 | $338540 + $159198 $497738 | $7479 |
| 2007 | $331902 + $156077 $487979 | $7206 |
$4450000
TheMLSCLAW
Listed 2024-03-19
$4650000
TheMLSCLAW
Listing removed 2023-03-17
$1850
CRISNET
Price Changed for rent 2023-03-10
$1850
CRISNET
Listing removed 2023-03-10
$2195
CRISNET
Listed for rent 2023-02-06
$2195
CRISNET
Listed for rent 2023-02-06
$1950
CRISNET
Listing removed 2021-07-16
$0
AppfolioUnits
Listed for rent 2021-06-26
$1995
AppfolioUnits
Listing removed 2021-05-30
$0
AppfolioUnits
Listed for rent 2021-05-24
$1750
AppfolioUnits
Listing removed 2020-06-03
$0
AppfolioUnits
Listed for rent 2020-05-29
$1750
AppfolioUnits
Listing removed 2020-05-22
$0
AppfolioUnits
Listed for rent 2020-05-15
$1850
AppfolioUnits
Listing removed 2020-04-15
$0
AppfolioUnits
Listed for rent 2020-03-05
$2095
AppfolioUnits
Listing removed 2020-03-04
$0
AppfolioUnits
Listed for rent 2020-02-24
$2095
AppfolioUnits
Listing removed 2020-02-24
$0
AppfolioUnits
Listed for rent 2020-02-23
$2095
AppfolioUnits
Listing removed 2020-02-22
$0
AppfolioUnits
Listed for rent 2020-02-15
$2095
AppfolioUnits
Listing removed 2019-04-12
$0
AppfolioUnits
Listing removed 2019-04-10
$3350
AppfolioUnits
Listed for rent 2019-03-12
$3350
AppfolioUnits
Sold 2017-08-31
$4000000
Public Record
Sold 2014-12-23
$2720000
Public Record
Sold 1975-09-05
$272000
Public Record
Year Built: 1960
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 64
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.