400 S Mariposa Ave, Los Angeles, CA 90020

Mariposa 400 Apartments is a 25-unit apartment building located at 400 S Mariposa Avenue in the highly desirable Koreatown neighborhood of Los Angeles. Built in 1956, the property offers renters a high demand mix of 9 Studio and 16 One-Bedroom units across 16,738 square feet of improvements on 15,070 square feet (0.35 acres) of land.The thoughtfully maintained property features 13 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 tiles, bathtubs, and hardware. In addition, the building has been updated with new window and split system air conditioning. New ownership has the opportunity to capture 26% upside in rents through comprehensive renovations of the remaining unit interiors. The charming Mid-Century design, resort-style feel, and location are major draws for the Mariposa 400 Apartments.