335 N Mariposa Avenue, Los Angeles, California 90004, Los Angeles, 90004 - bed, bath
ACTIVE$1,799,900
335 N Mariposa Avenue, Los Angeles, California 90004
0Bed
0Bath
7,196Sqft
7,196Lot
Year Built
1923
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$250
HOA
-
Days on market
-
Sold On
-
MLS number
TR25071257
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.80M(67th), sqft - 7196(67th), beds - undefined(50th), baths - undefined(50th).
Conveniently locaed in Mid-Wilshire, near Koreatown. Seize this rare opportunity to own a 4-unit property in the heart of Los Angeles! Perfectly positioned in a convenient location, these units are just minutes from local hotspots, dining, and public transportation, offering tenants both comfort and accessibility. With some units rented and some available to rent out, this is an ideal turnkey investment for any savvy buyer. Secure a steady rental income property in one of LA's most sought-after areas.
Price History
Date
Event
Price
04/01/25
Listing
$1,799,900
04/30/10
Sold
$939,000
Condition Rating
Fair
The property was built in 1923, making it over 100 years old. While the exterior appears to have received some maintenance, such as updated windows and a fresh coat of paint, and the common entrance area looks clean, there are no interior images of the units, specifically the kitchens and bathrooms. Given the age of the building and the absence of information regarding recent extensive renovations, it is highly probable that the interior components, including kitchens and bathrooms, are functional but outdated in style and features. The cracked concrete in the parking area also suggests general wear and tear. The property is aged but appears maintained enough for rental, aligning with the 'Fair' condition criteria where major components are functional but show signs of being outdated and require minor updates or repairs.
Pros & Cons
Pros
Prime Location: Strategically located in Mid-Wilshire, near Koreatown, offering excellent access to dining, entertainment, and public transportation, highly attractive to tenants.
Multi-Unit Income Property: A rare 4-unit residential income property (quadruplex) providing diversified rental income streams and significant investment potential.
Turnkey Investment Opportunity: Described as an 'ideal turnkey investment' with some units already rented, allowing for immediate income generation for a savvy buyer.
High Demand Rental Market: Situated in one of Los Angeles's most sought-after areas, ensuring strong tenant demand and potential for consistent occupancy.
Tenant Accessibility & Convenience: Proximity to local hotspots and public transportation enhances tenant comfort and convenience, making it a desirable living location.
Cons
Property Age: Built in 1923, the property is over a century old, potentially indicating a need for significant capital expenditures for system upgrades (plumbing, electrical, HVAC) and general maintenance.
Lack of Detailed Financials/Unit Condition: The description lacks specific information on current rental income, lease terms, or the condition/renovation status of individual units, which are crucial for investment analysis.
Potential for Deferred Maintenance: Older multi-unit properties often come with deferred maintenance issues that could lead to unexpected repair costs and management challenges.