978 S Mariposa, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath
978 S Mariposa
Los Angeles, California 90006
Property Price
SUMMARY
Analysis of 978 S Mariposa, Los Angeles, California 90006 is currently available with a list price of $3,150,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2017, this property is only 7 years old, falling well within the 'Excellent' criteria for age. The description highlights 'high end interior design quality' and modern amenities like in-unit washer and dryer, indicating new or virtually new components meeting current quality standards. The exterior images confirm a contemporary design and well-maintained appearance, consistent with a recently constructed building.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Construction
Built in 2017, this property offers contemporary design, modern amenities, and reduced immediate maintenance needs compared to older buildings.
- Strategic Location
Situated near Koreatown, the complex benefits from high tenant demand due to its proximity to numerous shopping, dining, and entertainment venues.
- Exemption from Rent Control
A significant advantage in Los Angeles, the absence of rent control allows for greater flexibility in rent adjustments and potential for increased rental income.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5375, other record living area = 4763.
- Data Inconsistencies
The 'on_market_date' and 'modified_timestamp' are erroneously set in the future (2026), which requires immediate verification of the listing's active status and data accuracy.
- Significant Price Discrepancy
The current list price of $3.15M is substantially lower than the last recorded sale price of $3.68M in 2022, necessitating an investigation into the reasons for this decrease and current market valuation.
About 978 S Mariposa
Built in 2017, this 7 unit apartment complex is located near Koreatown and is surrounded by numerous shopping, dining, and entertainment venues. This complex has a good mix of studios, one bedroom, and two bedrooms units. Each unit features high ceilings, high end interior design quality, and their own washer and dryer. This apartment does not have rent control and there is room for increased rents. These units are consistently in demand so they are easy to rent out.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 2017
- Lot Size
- 5,907 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 5,375 | 4,469.5 | 50% |
| Lot Size | 5,907 | 5,906 | 50% |
| Price | $3.15M | $2.12M | 50% |
| Price per sq ft | $586 | $445 | 50% |
| Built year | 2017 | 1987 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 144 | 50% |
Pricing History
Listed for Sale
Feb 2, 2026
$3,150,000
Initial Listing
Sold
Jun 8, 2022
$3,680,000
Public Record
Sold
Apr 7, 2015
$670,000
Public Record
Sold
Oct 20, 2006
$525,000
Public Record