1205 S Mariposa Ave Los Angeles, CA 90006
Pico-Union NeighborhoodEstimated payment $8,839/month
Total Views
1,820
4
Beds
10
Baths
4,380
Sq Ft
$342
Price per Sq Ft
About This Home
We are pleased to present a ten (10) unit apartment building located at 1205 S Mariposa Avenue in Los Angeles, California. The subject property is located in a solid Pico Union location, north of Pico Blvd and east of Normandie Ave. Built in 1926, this property consists of a good unit mix of six (6) studios and four (4) one-bedroom units. It offers a very strong initial caprate of 6.49%, presenting an attractive investment opportunity with solid returns. The character Spanish-style bungalows are gated and secure, with a center courtyard and easily maintained landscaping. There is also ample street parking available for both tenants and visitors. Positioned adjacent to Koreatown, the property provides convenient access to major commercial corridors like Vermont Avenue, Western Avenue, and Wilshire Boulevard, as well as the 10, 110, and 101 freeways. With such close proximity to the Koreatown commercial corridor, tenants can enjoy nearby amenities such as The Wiltern, CGV Cinemas, Koreatown Galleria, and Park's BBQ. Additionally, outdoor recreation options like Seoul International Park and Normandie Recreation Center are located nearby, making this a desirable investment opportunity. Situated in a solid Pico Union location, this property offers a strong initial cap rate of 6.49% as well as easy access to key amenities and transit options nearby.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,661
Year Built
- Built in 1926
Lot Details
- 5,908 Sq Ft Lot
Interior Spaces
- 4,380 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 10 Bathrooms
Community Details
- 3 Buildings
- 10 Units
Listing and Financial Details
- Assessor Parcel Number 5078-035-002
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,661 | $478,299 | $341,656 | $136,643 |
| 2024 | $6,661 | $468,921 | $334,957 | $133,964 |
| 2023 | $6,553 | $459,728 | $328,390 | $131,338 |
| 2022 | $6,289 | $450,714 | $321,951 | $128,763 |
| 2021 | $6,193 | $441,878 | $315,639 | $126,239 |
| 2019 | $6,031 | $429,174 | $306,278 | $122,896 |
| 2018 | $5,925 | $420,768 | $300,273 | $120,495 |
| 2016 | $5,603 | $404,047 | $288,614 | $115,433 |
| 2015 | $5,532 | $397,979 | $284,279 | $113,700 |
| 2014 | $5,617 | $390,184 | $278,711 | $111,473 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/23/2025 06/23/25 | Pending | -- | -- | -- |
| 04/03/2025 04/03/25 | For Sale | $1,500,000 | -- | $342 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Similar Homes in the area
Source: The MLS
MLS Number: 25520575
APN: 5078-035-002
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