CA > Los Angeles
Los Angeles, CA 90005,724 S Mariposa AVE
Los Angeles, CA 90005,724 S Mariposa AVE
Los Angeles, CA 90005,724 S Mariposa AVE
Los Angeles, CA 90005,724 S Mariposa AVE
Los Angeles, CA 90005,724 S Mariposa AVE
Los Angeles, CA 90005,724 S Mariposa AVE
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Tue
4
Feb
Wed
5
Feb
Thu
6
Feb
Alfredo Guzman

Alfredo Guzman

+1(562) 786-5418
$ 4,500,000
Est. payment | /mo

40 Beds

40 Baths

24,200 SqFt

Save
$ 4,500,000
Est. payment | /mo
Save

40 Beds

40 Baths

24,200 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 24,200 sqft

Price per Sqft $185

MLS Listing ID 24448161

Bedrooms 40

HOA Y/N No

Year Built 1930

Lot Size 8,089 Sqft

Property Description

We are pleased to present for sale, The Ambassador Apartments, located at 724 S. Mariposa Ave. This prime Koreatown location is just south of Wilshire BLVD and east of Normandie Ave, offering easy access to the Wilshire/Normandie Metro Station, restaurants, shopping, and entertainment. Ambassador Apartments features 40 units with eight Bachelors, twenty-four Studios, and eight 1 Bedroom/ 1 Bath units. The property has a subterranean parking garage with 20 individual parking spaces. Utilities are master metered for both gas and electric, with one central water heater. The roof was completely replaced, down to the plywood, in 2020. Ambassador Apartments was built in 1930 and is brick construction. This is a great opportunity to acquire Ambassador Apartments with an in-place Cap Rate of 7.11% and a 7.24 GRM, with upside to a 8.35% Cap Rate and a 7.09 GRM. The price per unit is $125,000 per unit and $206 per square foot.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR5

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Controlled Entrance, Community Structure

Garage Spaces 20.0

Garage Description 20.0

Total Parking Spaces 20

Building

Story 4

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5094006007

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Adam Zunder • Iconic Investments
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(562) 786-5418

alfredoguzmanre@gmail.com

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to (1) the Electronic Disclosure Consent; (2) receive recurring marketing communication from or on behalf of Alfredo Guzman, including auto-dialed calls, texts, and prerecorded messages (consent not required to make a purchase; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for help); and (3) the Terms of Service and Privacy Policy of this website. I understand that I can call +1(562) 786-5418 to obtain direct assistance.

Go tour this home

724 S Mariposa AVE