NOT LISTED FOR SALE

1211 S Mariposa Ave Unit 3 Los Angeles, CA 90006

Pico-Union Neighborhood
10 Beds
5 Baths
4,142 Sq Ft
5,906 Sq Ft Lot

Last Sold June 21, 2023

Last sale price $1,420,000 $343 Per Sq Ft

86 Days on Market

Highlights

  • Private Yard
  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • No HOA
  • Laundry Room

About This Home

As of June 2023

It is our pleasure to present 5-unit multi-family property in PICO-UNION. This 5-unit investment property is located in a highly desirable neighborhood where there is tremendous rental potential. The upside of the property is that 3 of 5 units are leased while 2 are currently owner occupied but the 2 units will be delivered vacant upon close of escrow. Opportunity to maximize returns with 5 units at market rents. The owner recently completed with the City of Los Angeles and the Soft Story Retrofit. Tenants enjoy the comfort of being conveniently located to transportations and access to freeways. The property is well maintained with many updates and upgrades in recent years, including double pane windows, exterior paint. Laundry room on-site. Private parking for all units. Don't miss out on this excellent opportunity for investment! It won't last long!

Last Agent to Sell the Property

MICHAEL CHOI

GEORGE MICHAEL REALTY License #01341518 Listed on: 02/27/2023

Last Buyer's Agent

Kathy Lee

Dream Realty & Investments Inc License #01998973

Dream Realty & Investments Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 5,906 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard

Home Design

  • 4,142 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 9 Parking Spaces
  • 4 Carport Spaces
  • Parking Available

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Natural Gas Connected

Additional Features

  • Gas Oven
  • Laundry Room

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 3 / 45
  • Tax Tract Number 213310
  • Assessor Parcel Number 5078035003

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $100
  • Fuel Expense $100
  • Gardener Expense $30
  • Insurance Expense $281
  • Trash Expense $381
  • Water Sewer Expense $600
  • Operating Expense $1,492
  • Gross Income $5,100
  • Net Operating Income $3,608

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Assessments: No
  • Price Per Unit: 300000
  • Property Attached: Yes
  • Water Sewer Expenses: 600.00
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 30.00
  • Parcel Number: 5078035003
  • Year Built: 1968
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 342.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven
  • Heating Type: Forced Air
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 381.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 5906.00
  • Lot Size Acres: 0.1356

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 100.00
  • Fuel Expense: 100.00
  • Gross Income: 5100.00
  • Gross Scheduled Income: 5100.00
  • Insurance Expense: 281.00
  • Lot Size Area: 5906.0000 Square Feet
  • Net Operating Income: 3608.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 1492.00
  • Rent Control: Yes
  • Total Expenses: 1492.00

Tax Info

  • Tax Block: 45
  • Tax Census Tract: 2133.10
  • Tax Lot: 3
  • Tax Tract Number: 213310

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2023 06/21/23 Sold $1,420,000 -5.3% $343 / Sq Ft
05/24/2023 05/24/23 Pending -- -- --
04/29/2023 04/29/23 Price Changed $1,499,999 -4.8% $362 / Sq Ft
02/27/2023 02/27/23 For Sale $1,575,000 -- $380 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    MICHAEL CHOI

    GEORGE MICHAEL REALTY

    (323) 728-2111

    1 in this area

    14 Total Sales

    Section Image
  • Kathy Lee

    Buyer's Agent in 2023

    Kathy Lee

    Dream Realty & Investments Inc

    (213) 254-7718

    3 in this area

    50 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB23032684

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90006 Pico-Union

1211 S Mariposa Ave Unit 3, Los Angeles, CA

This home is located at 1211 S Mariposa Ave Unit 3, Los Angeles, CA 90006 since 27 February 2023. This property was built in 1968. 1211 S Mariposa Ave Unit 3 is a home located in Los Angeles County with nearby schools including Los Angeles Elementary School, Berendo Middle, and West Adams Preparatory High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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