$4,995,000

400 S Mariposa Avenue, Los Angeles, CA 90020

  • 16,736 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1956
  • Property Lot Size Icon0.35acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $298/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

THE OPPORTUNITY: 400 S Mariposa Ave offers a chance to acquire a 25-unit multifamily asset on a corner lot in the heart of Koreatown, one of Los Angeles' most resilient and renter-driven submarkets, where demand continues to outpace even robust new supply. The 13 renovated units are achieving market-making rents, while the remaining 12 units presents approx. 30% upside through a proven renovation and turnover strategy. The asset is located on the corner of Mariposa Ave and 4th Street, near Koreatown's densest commercial corridor and benefits from approx. 19 parking spaces and separately metered gas and electric utilities. Building system upgrades and strong current collections add to the asset's operational appeal. THE ASSET: Originally built in 1956, 400 S Mariposa is a well-maintained, 25-unit mid-century apartment building situated on a quiet residential corner lot. The property spans 16,736 square feet across a 15,070 SF double lot, zoned LAR4. Thirteen units have been upgraded with modern interiors, featuring new flooring, renovated kitchens and bathrooms, and contemporary finishes. The remaining units are in clean, classic condition and offer immediate value-add potential through cosmetic renovations. Current operations are stable, with strong collections and ample room for

Listing Status:
Active
Date Added:
November 13, 2025
Data Last Updated:
April 2, 2026 at 6:06AM
Listing Office:
Lyon Stahl Investment Real Estate, Inc. : 310-425-9838
Listing Agent:
Mark Ventre : 323-202-9741
MLS ID:
CL26654809
  • Heating: Wall Furnace
  • Parking: Electric Gate
  • General: StuccoWood Siding
  • Originating MLS: CRMLS
  • County: Los Angeles
  • Zoning: LAR45502014008
  • Source: CRMLS

This listing courtesy of Mark Ventre , Lyon Stahl Investment Real Estate, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Cahuenga Elementary School

220 S Hobart Blvd, Los Angeles, CA, 90004

Grades KG-5

0.44 miles away

R

RFK Community Schools - UCLA Community School

700 S Mariposa Ave, Los Angeles, CA, 90005

Grades KG-12

0.50 miles away

R

RFK Community Schools - UCLA Community School

700 S Mariposa Ave, Los Angeles, CA, 90005

Grades KG-12

0.50 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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$5,350,000

  • 16,800 sqft |
  • 0.25 acre lot
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#CRWS26033839 - IRN REALTY