833 S Mariposa Ave
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833 S Mariposa Ave
6 Unit Apartment Building $2,499,000 ($416,500/Unit) Los Angeles, CA 90005
Investment Highlights
- Spacious 2 bed 1 bath units with 1350 square feet.
- Gated parking lot.
- Light and bright.
- Art Deco Style with original architectural features.
- Walkability score of 94.
- Easy access to highways 101, 110, and 10.
Executive Summary
Price Improvement:" Exceptional Art Deco Apartment Building in Prime Los Angeles Location!
Discover this distinctive 6-unit apartment building and immerse yourself in its Art Deco design with preserved original details that offer a glimpse into classic Los Angeles style. Each of the 6 two bed, one bath units spans a generous 1,350 square feet, providing ample living space with large closets and lots of natural light. The building features both front and back entrances for easy access and additional convenience. Residents benefit from a secure dedicated parking lot situated behind the building. With a walkability of 94, residents will enjoy the vibrant local scene with a short walk to an array of coffee houses, trendy restaurants, and shops, offering a dynamic urban lifestyle.
Seize this opportunity to own a truly unique property in the heart of Los Angeles.
Discover this distinctive 6-unit apartment building and immerse yourself in its Art Deco design with preserved original details that offer a glimpse into classic Los Angeles style. Each of the 6 two bed, one bath units spans a generous 1,350 square feet, providing ample living space with large closets and lots of natural light. The building features both front and back entrances for easy access and additional convenience. Residents benefit from a secure dedicated parking lot situated behind the building. With a walkability of 94, residents will enjoy the vibrant local scene with a short walk to an array of coffee houses, trendy restaurants, and shops, offering a dynamic urban lifestyle.
Seize this opportunity to own a truly unique property in the heart of Los Angeles.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$201,600
|
$24.69
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$33,600
|
$4.12
|
| Effective Gross Income |
$168,000
|
$20.58
|
| Taxes |
$18,380
|
$2.25
|
| Operating Expenses |
$24,400
|
$2.99
|
| Total Expenses |
$42,780
|
$5.24
|
| Net Operating Income |
$125,220
|
$15.34
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $201,600 |
| Annual Per SF | $24.69 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $33,600 |
| Annual Per SF | $4.12 |
| Effective Gross Income | |
|---|---|
| Annual | $168,000 |
| Annual Per SF | $20.58 |
| Taxes | |
|---|---|
| Annual | $18,380 |
| Annual Per SF | $2.25 |
| Operating Expenses | |
|---|---|
| Annual | $24,400 |
| Annual Per SF | $2.99 |
| Total Expenses | |
|---|---|
| Annual | $42,780 |
| Annual Per SF | $5.24 |
| Net Operating Income | |
|---|---|
| Annual | $125,220 |
| Annual Per SF | $15.34 |
Property Facts
| Price | $2,499,000 | Building Class | C |
| Price Per Unit | $416,500 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 8,165 SF |
| Sale Conditions | Redevelopment Project | Average Occupancy | 98% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1925/2008 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low Rise |
| Price | $2,499,000 |
| Price Per Unit | $416,500 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 8,165 SF |
| Average Occupancy | 98% |
| No. Stories | 3 |
| Year Built/Renovated | 1925/2008 |
| Parking Ratio | 1/1,000 SF |
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $2,800 | 1,350 |
Walk Score ®
Walker's Paradise (95)
Transit Score ®
Excellent Transit (78)
PROPERTY TAXES
| Parcel Number | 5094-018-015 | Total Assessment | $1,451,424 |
| Land Assessment | $919,456 | Annual Taxes | $18,380 ($2.25/SF) |
| Improvements Assessment | $531,968 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5094-018-015
Land Assessment
$919,456
Improvements Assessment
$531,968
Total Assessment
$1,451,424
Annual Taxes
$18,380 ($2.25/SF)
Tax Year
2024
zoning
| Zoning Code | R4 (Multiple Dwelling Zone) |
| R4 (Multiple Dwelling Zone) |
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833 S Mariposa Ave
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