134 N Mariposa Ave, Los Angeles, CA 90004

$11,000,000
60
BD
60
BA
35,216
SqFt
Sold Price
$11,000,000
List Price
$13,750,000
Closing Date
Jul 30, 2024
MLS#
24-356211
Year Built
1986
Bedrooms
60
Bathrooms
60
Living Sq. Ft
35,216
Lot Size
18,030
Days on Market
66
Property Type
Multifamily

Property Description

This is a turnkey investment opportunity with the Monarch Apartments, located at 134 N Mariposa Ave in Koreatown, Los Angeles. This44-unit complex, constructed in 1986 and not subject to the LosAngeles Rent Stabilization Ordinance, presents a prime mix of 28one-bedroom (including 10 with lofts on the third floor) and 16 twobedroomunits, accompanied by 44 parking spaces. The propertyhas undergone significant renovations in 22 units, featuring luxuryupdates such as vinyl plank flooring, modern cabinets, quartzcountertops, and new stainless-steel appliances, with 20 units nowboasting in-unit washers and dryers completed with permits.Further enhancements include substantial exterior upgradeslike new paint, wood accents, an updated intercom and

Additional Information

Other Buildings
None
Heat
Wall
Cooling
Wall Unit(s)
Number of Cars in Garage
Community Garage

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of Marcus & Millichap, Neema Ahadian - CA DRE#01346750 Selling Office: .

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