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$4,995,000   Price Analysis
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1002 N Mariposa Ave
Los Angeles, CA 90029
28 bed 28 bath 22,368 SqFt ($223/SqFt)
0.44 acre lot. Built 1924
Listed 2024-04-18, Taxes $79,586
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

1002 N Mariposa Ave is a attractive 28-unit courtyard property located in the heart of Hollywood.

* Has Contingent Offer *

Consisting of all large units, 25 of the 28 units are two bedrooms. Asking 11.55 GRM and 5.23% cap with LOW LOW rents, this offers a new investor approximately 60% upsde potential.

Please do not disturb the tenants as the building is fully occupied.


Presented by Chase Simonton at
RE/MAX One.


Property MLS #24-381493 from TheMLSCLAW

Bedrooms: 28

Total Bathrooms: 28
Full Bathrooms: 28

Lot Size Acres: 0.4437328
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 19329

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1
Number of Units: 28
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2100, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 1900

Source Listing Status: Active Under Contract
County: Los Angeles
Cap Rate: 5.23
Directions: South of Santa Monica Blvd and East of Normandie Ave.
Source Property Type: Residential Income
Area: Hollywood
Source Neighborhood: Hollywood
Parcel Number: 5538-002-031
Zoning: LAR3
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$2,299,080 + $4,269,720
$6,568,800
$79,586
2021$656,754 + $1,707,572
$2,364,326
$30,643
2020$650,020 + $1,690,063
$2,340,083
$30,919
2019$637,275 + $1,656,925
$2,294,200
$29,776
2018$624,780 + $1,624,437
$2,249,217
$29,376
2017$612,530 + $1,592,586
$2,205,116
$28,725
2016$600,520 + $1,561,359
$2,161,879
$27,848
2015$591,500 + $1,537,906
$2,129,406
$27,465
2014$579,914 + $1,507,781
$2,087,695
$27,731
2013$577,294 + $1,500,967
$2,078,261
$27,733
2012$565,975 + $1,471,537
$2,037,512
$28,104
2010$554,878 + $1,442,684
$1,997,562
$27,616
2009$552,040 + $1,435,304
$1,987,344
$26,630
2009$550,731 + $1,431,902
$1,982,633
$26,630
2008$541,216 + $1,407,161
$1,948,377
$25,560
2007$530,604 + $1,379,570
$1,910,174
$24,662

Price Changed 2024-06-17
$4,995,000
TheMLSCLAW
Listed 2024-04-18
$5,095,000
TheMLSCLAW
Sold 2021-03-11
$1,297,500
Public Record
Sold 2004-01-20
$1,800,010
Public Record
Sold 1988-11-02
$1,335,000
Public Record

Net Operating Income: 261150

Total Square Feet Living: 22368
Year Built: 1924
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 100
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced

Ramona Elementary School is a public elementary school located approximately 0.2 miles away.
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Helen Bernstein High School is a public high school located approximately 1 miles away.
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Joseph Le Conte Middle School is a public middle school located approximately 1.2 miles away.
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Immaculate Heart Of Mary Elementary School is a private elementary and middle school located approximately 0.1 miles away.
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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.