228 S Mariposa Avenue, Los Angeles, CA 90004
Local realty services provided by:ERA Donahoe Realty
228 S Mariposa Avenue,Los Angeles, CA 90004
$3,500,000
- 19 Beds
- 18 Baths
- 14,257 sq. ft.
- Multi-family
- Active
Listed by: derrick vartanian
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26986935
Source:CRMLS
Price summary
- Price:$3,500,000
- Price per sq. ft.:$245.49
About this home
We are pleased to present 228 S. Mariposa Avenue, an 18-unitmultifamily investment opportunity situated in the highly walkable Koreatown neighborhood of Los Angeles. Originally constructed in 1956, the property comprises approximately 14,257 square feet of building area on a substantial 15,000 square foot lot. The property offers an attractive and highly rentable unit mix consisting of three (3) (two-bedroom + one bathroom) units, thirteen (13) (one bedroom + one bathroom) units, and two (2) (studio) units. One of the studio units, Unit #18, is a permitted attached accessory dwelling unit completed in 2024. Many of the apartment interiors have been beautifully remodeled with a combination of contemporary finishes and spacious, functional floor plans. Select renovated units feature updated kitchens with modern cabinetry, upgraded countertops, tile backsplashes, stainless steel appliances, contemporary flooring, recessed lighting, ceiling fans, and refreshed bathrooms. Large windows provide abundant natural light, while separate dining areas, generous living spaces, and ample storage further enhance the units' appeal. Ownership has also completed a series of capital improvements throughout the property. Notable upgrades include extensive Type L copper plumbing upgrades completed over multiple years, window improvements, an upgraded electrical panel, a newer water heater, partial sewer line improvements, retrofit work, exterior painting, asphalt improvements, updated laundry equipment, roofing improvements, and a new gas valve. These improvements, together with the renovated interiors and permitted ADU, provide a strong physical foundation for continued ownership and future operations. The property offers approximately 14 parking spaces, including 12 covered spaces in the rear carport area and one tandem space along the north side of the property. The size and configuration of the rear portion of the lot may also provide an investor with the opportunity to explore the development of additional accessory dwelling units, potentially above the existing carports (Buyer to Verify)....
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Home facts
- Year built:1956
- Listing ID #:26986935
- Added:15 day(s) ago
- Updated:September 26, 2026 at 10:50 AM
Rooms and interior
- Bedrooms:19
- Total bathrooms:18
- Living area:14,257 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnance
Structure and exterior
- Year built:1956
- Building area:14,257 sq. ft.
- Lot area:0.34 Acres
- Levels:2 Story
Finances and disclosures
- Price:$3,500,000
- Price per sq. ft.:$245.49
Parking
- Total parking spaces:14
- Parking description:Carport, Uncovered
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