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$ 4,250,000
Est. payment | /mo
0.26 Acres Lot
$ 4,250,000
Est. payment | /mo
0.26 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25536561
HOA Y/N No
Year Built 1960
Tax Year 2025
Lot Size 0.258 Acres
Property Description
Originally built in 1960, Mariposa514 offers the curb appeal and efficient layouts of a classic mid-century asset paired with modern systems and interior finishes. The unit mix includes 17 large one-bedrooms and 2 studios, totaling approximately 12,294 square feet on an 11,250 square foot LAR4-zoned lot. Renovated interiors feature quartz countertops, stainless steel appliances, split-system A/C, custom tile, and updated baths with deep soaking tubs. All units are separately metered for gas and electricity. The property includes shared laundry, ample natural light, and solid in-place tenancy. With no seismic retrofit obligation and a thoughtful renovation already executed, Mariposa514 is turnkey where it counts and still offers room to grow. The building has already undergone a substantial renovation program, with 12 of the 19 units upgraded to a luxury spec and achieving market-making rents that rival new construction, but at a meaningfully lower basis.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR4
Interior
Heating Wall Furnace
Fireplace No
Laundry Common Area
Exterior
Total Parking Spaces 16
Building
Story 2
Others
Tax ID 5502019006
Security Features Security Gate
Special Listing Condition Standard
Listed by Mark Ventre Lyon Stahl Investment Real Estate, Inc.
22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA
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