1049 N Mariposa Ave, Los Angeles, CA 90029

This rare offering provides investors with an opportunity to acquire an asset that can potentially be delivered with five of the units vacant at close of escrow. The building features secured front entry and parking for ten cars. Parking is tuck-under and may need seismic retrofitting (buyer to independently investigate). The property is subject to Los Angeles rent control. Due to rent control many of the units are rented well below market rents and provide strong upside potential.