It is our pleasure to present 5-unit multi-family property in PICO-UNION.  This 5-unit investment property is located in a highly desirable neighborhood where there is tremendous rental potential. The upside of the property is that 3 of 5 units are leased while 2 are currently owner occupied but the 2 units will be delivered vacant upon close of escrow. Opportunity to maximize returns with 5 units at market rents. The owner recently completed with the City of Los Angeles and the Soft Story Retrofit. Tenants enjoy the comfort of being conveniently located to transportations and access to freeways. The property is well maintained with many updates and upgrades in recent years, including double pane windows, exterior paint.  Laundry room on-site. Private parking for all units. Don't miss out on this excellent opportunity for investment! It won't last long!
Sold for $1,420,000 on 06/21/23
Listing Provided by: 
MICHAEL CHOI DRE #01341518 323-728-2111,
GEORGE MICHAEL REALTY
Bought with: Dream Realty & Investments Inc
$1,420,000
1211 S Mariposa Ave APT 3, Los Angeles, CA 90006
10beds
5baths
4,142sqft
Multi Family
Built in 1968
-- sqft lot
$1,443,600 Zestimate®
$343/sqft
$3,082 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: June 21, 2023 at 03:01pm
Listing Provided by:
MICHAEL CHOI DRE #01341518 323-728-2111,
GEORGE MICHAEL REALTY
Bought with:
Kathy Lee, DRE #01998973
Dream Realty & Investments Inc
Source: CRMLS,MLS#: MB23032684
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
 - Bathrooms: 5
 
Heating
- Forced Air
 
Cooling
- Wall/Window Unit(s)
 
Appliances
- Included: Gas Oven
 - Laundry: Common Area
 
Features
- Has fireplace: No
 - Fireplace features: None
 - Common walls with other units/homes: 2+ Common Walls
 
Interior area
- Total structure area: 4,142
 - Total interior livable area: 4,142 sqft
 
Property
Parking
- Total spaces: 9
 - Parking features: Carport
 - Carport spaces: 4
 - Uncovered spaces: 5
 
Features
- Levels: Two
 - Stories: 2
 - Pool features: None
 
Lot
- Size: 5,906 sqft
 - Features: Yard
 
Details
- Parcel number: 5078035003
 - Zoning: LAR3
 - Special conditions: Standard
 
Construction
Type & style
- Home type: MultiFamily
 - Property subtype: Multi Family
 - Attached to another structure: Yes
 
Condition
- New construction: No
 - Year built: 1968
 
Utilities & green energy
- Sewer: Public Sewer
 - Water: Public
 - Utilities for property: Electricity Connected, Natural Gas Connected, Phone Connected
 
Community & neighborhood
Community
- Community features: Sidewalks
 
Location
- Region: Los Angeles
 
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional
 
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Estimated market value
$1,443,600