Adam Zunder
This listing was posted on RealtyWW.
$4,650,000
Home For Sale In Los Angeles, California
Price:
$4,650,000
BR/BA:
10+ BR, 10+ BA
Location:
514 S Mariposa Ave, Los Angeles, CA
Description:
Habitat Apartments is a 19-unit apartment building located at 514 S. Mariposa Ave in the highly desirable Koreatown neighborhood of Los Angeles. Built in 1960, the property offers renters a high demand unit mix of 2 studios and 17 one-bedroom units across +/- 12, 294 square feet of improvements on +/- 11, 250 square feet of land. The thoughtfully maintained property features 12 extensively renovated units featuring new hardwood floors, kitchen cabinets, countertops, stainless steel appliances, designer tiles, fixtures, and lighting. The bathrooms have been updated with modern vanities and tile, bathtubs, and hardware. In addition, the units have new vinyl windows and either wall or split system air-conditioning units. New ownership can continue to capture an additional +/- 26% upside in rents through comprehensive renovations of the remaining unit interiors. The charming Mid-Century design, location, and resort-style feel, are major draws for tenants at the Habitat Apartments. Additional drivers leading to the historically high rents being achieved at Habitat include the elevated level of renovations and designer touches. Tenants have proven they are willing to pay more for a premium product which exceeds the level of detail found at competing properties. The building has 19 tuck-under parking spaces and one laundry room. Utilities are separately metered for electricity and gas, and there is one central water heater. Located in the heart of the Koreatown neighborhood, just east of Normandie Ave, and north of Wilshire Blvd, Habitat Apartments offers tenants access to major employment centers and a broad range of entertainment and recreation opportunities, all within a short walk. The Wilshire/Normandie Purple Line is a few-minute walk from Habitat.For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i69757463
Property Type:
Single-Family Houses
Sq feet:
250 sq. ft.
Amenities:
Parking, Wood Floors
Posted:
March 22 on RealtyWW
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More About this Listing: Home For Sale In Los Angeles, California
Home For Sale In Los Angeles, California is a 10+ BR 10 Bathroom, 10+ BA, 19 Bathroom Single-Family Homes for Sale at 514 S Mariposa Ave in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 514 S Mariposa Ave by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 19 Bathroom Single-Family Homes for Sale in Los Angeles CA.
Home For Sale In Los Angeles, California is a 10+ BR 10 Bathroom, 10+ BA, 19 Bathroom Single-Family Homes for Sale at 514 S Mariposa Ave in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 514 S Mariposa Ave by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 19 Bathroom Single-Family Homes for Sale in Los Angeles CA.