Mohr Real Estate Group

Mohr Real Estate Group

724 S Mariposa Avenue Los Angeles CA 90005 MLS #24448161

724 S Mariposa Avenue
Los Angeles, CA, 90005
$4,500,000
Beds
0 Baths
SqFt
0.19 Acres
Add
Add
$4,500,000
724 S Mariposa Avenue
Los Angeles, CA, 90005
MLS #24448161 img 0MLS #24448161 img 1MLS #24448161 img 2MLS #24448161 img 3MLS #24448161 img 4MLS #24448161 img 5MLS #24448161 img 6MLS #24448161 img 7MLS #24448161 img 8MLS #24448161 img 9MLS #24448161 img 10MLS #24448161 img 11MLS #24448161 img 12MLS #24448161 img 13MLS #24448161 img 14

Property Description


We are pleased to present for sale, The Ambassador Apartments, located at 724 S. Mariposa Ave. This prime Koreatown location is just south of Wilshire BLVD and east of Normandie Ave, offering easy access to the Wilshire/Normandie Metro Station, restaurants, shopping, and entertainment. Ambassador Apartments features 40 units with eight Bachelors, twenty-four Studios, and eight 1 Bedroom/ 1 Bath units. The property has a subterranean parking garage with 20 individual parking spaces. Utilities are master metered for both gas and electric, with one central water heater. The roof was completely replaced, down to the plywood, in 2020. Ambassador Apartments was built in 1930 and is brick construction. This is a great opportunity to acquire Ambassador Apartments with an in-place Cap Rate of 7.11% and a 7.24 GRM, with upside to a 8.35% Cap Rate and a 7.09 GRM. The price per unit is $125,000 per unit and $206 per square foot.

Property Details

Price:
$4,500,000
MLS #:
24448161
Status:
Active
Baths:
0
Address:
724 S Mariposa Avenue
Type:
Residential Income
Neighborhood:
c17midwilshire
City:
Los Angeles
Listed Date:
Oct 2, 2024
State:
CA
ZIP:
90005
Lot Size:
8,087 sqft / 0.19 acres (approx)
Year Built:
1930

Schools

Interior

Cooling
None
Heating
Wall Furnace

Exterior

Garage Spaces
20.00
Parking Features
Controlled Entrance, Community Structure
Parking Spots
20.00
Stories Total
4

Financial

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724 S Mariposa Avenue
Los Angeles, CA
The Mohr Real Estate Group

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