514 S Mariposa Ave new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90020
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,294 sqft
Price per Sqft $370
MLS Listing ID 25536561
Bedrooms 17
Year Built 1960
Tax Year 2025
Lot Size 0.258 Acres
Acres 0.2584
Property Sub-Type Multi-Family
Property Description
Originally built in 1960, Mariposa514 offers the curb appeal and efficient layouts of a classic mid-century asset paired with modern systems and interior finishes. The unit mix includes 17 large one-bedrooms and 2 studios, totaling approximately 12,294 square feet on an 11,250 square foot LAR4-zoned lot. Renovated interiors feature quartz countertops, stainless steel appliances, split-system A/C, custom tile, and updated baths with deep soaking tubs. All units are separately metered for gas and electricity. The property includes shared laundry, ample natural light, and solid in-place tenancy. With no seismic retrofit obligation and a thoughtful renovation already executed, Mariposa514 is turnkey where it counts and still offers room to grow. The building has already undergone a substantial renovation program, with 12 of the 19 units upgraded to a luxury spec and achieving market-making rents that rival new construction, but at a meaningfully lower basis.
Location
State CA
County Los Angeles
Area Mid-Wilshire
Zoning LAR4
Interior
Heating Wall
Laundry Community
Exterior
Garage Spaces 16.0
Roof Type Composition Shingle
Building
Story 2
Structure Type Stucco
Others
Special Listing Condition Standard