
Los Angeles, California 90029
This multifamily property represents a Strong Value Opportunity, listed at $2,400,000—positioned above the $2,258,873 Fair Market Value. While the price reflects a premium, the asset maintains a Good Condition Rating with professional management and updated amenities. The Spanish-style architecture and prime Los Angeles location ensure consistent rental demand, supported by proximity to major employment hubs and transit. With seven well-maintained units and outdoor common areas, this is a stable, income-generating asset ideal for Buy-and-Hold Investors or Portfolio Managers seeking long-term appreciation in a high-demand urban market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1250 N Mariposa Avenue Subject | $2,400,000* List Price | 0 | 0 | 6,157 | $367 | - |
A 1186 N New Hampshire Avenue Active | $1,750,000 List Price | 0 | 0 | 5,584 | $313 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1930, the property is described as well-maintained with updated amenities and professional management. The exterior shows a clean Spanish-style facade and the units are move-in ready, suggesting renovations within the 5-15 year range consistent with a 'Good' rating.
Situated in the heart of Los Angeles with high walkability and proximity to major freeways and transit, ensuring consistently high rental demand and low vacancy rates.
The 1930s Spanish-style architecture provides unique character and aesthetic appeal that distinguishes the property in a competitive rental market and attracts quality tenants.
The property is professionally managed and features well-maintained units with updated amenities, offering immediate income generation and long-term appreciation for investors.
Originally constructed in 1930, the property may require higher ongoing maintenance costs and potential capital expenditures for aging systems or seismic retrofitting.
Several immediate local schools carry lower performance ratings, which could potentially limit the appeal for long-term tenants with school-aged children.
This multifamily property is an attractive asset with a total of seven residential units. The property features a mix of well-designed and spacious one- and two-bedroom units, each equipped with updated amenities that contribute to the overall charm of the Spanish style architecture and offer comfortable living spaces for tenants. Features include: well-maintained units, outdoor common areas and the building has been run by a professional management company. Situated in the heart of Los Angeles, the property benefits from its prime location. The neighborhood offers convenient access to a wide array of amenities, including restaurants, shopping centers, entertainment venues, and public transportation options. Its proximity to major freeways and employment hubs makes it an appealing choice for tenants seeking easy commutes and access to urban conveniences. Investors will find numerous opportunities for income generation and long-term growth with this multifamily property. The strong rental market in Los Angeles, combined with the property's desirable location, ensures a high demand for quality housing. The potential for rental income growth and appreciation make this an attractive investment for both seasoned and new investors looking to expand their portfolios.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-5 • 0.3 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1930 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 22, 2026
$2,400,000
Initial Listing