923 N Mariposa AVE, Los Angeles, CA 90029
923 N Mariposa AVE, Los Angeles, CA 90029
923 N Mariposa AVE, Los Angeles, CA 90029
28
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$5,795,000
Est. payment /mo
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21 Beds
27 Baths
9,350 SqFt
Active

923 N Mariposa AVE Los Angeles, CA 90029

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Herb Rim

Herb Rim

+1(818) 699-9179

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 9,350 sqft

Price per Sqft $619

MLS Listing ID 26869087

Bedrooms 21

HOA Y/N No

Year Built 2023

Lot Size 9,003 Sqft

Property Description

A rare opportunity to acquire a newly constructed nine unit multifamily property in the heart of Hollywood. The property is comprised of six expansive 3 bed / 4 bath tri-level townhomes and three ADUs, offering projected annual rental income of approximately $403,200 and an over 5% projected cap rate. The property combines strong income potential with the benefits of newer construction and long term rental appeal. Designed with a level of detail rarely found in traditional multifamily construction, the residences offer generous floor plans and elevated finishes throughout. Interiors feature Tundra marble countertops, custom cabinetry, premium kitchen appliances, in unit washers and dryers and individually designed bathrooms with hand selected tile, glass shower enclosures and Calacatta marble vanities. Oversized windows bring in abundant natural light while private balconies and expansive living spaces give the townhomes a more residential feel. The exterior is equally considered with smooth stucco, wood inspired cladding, expansive glazing, architectural lighting and landscaped grounds. Separate utility metering and newer building systems provide additional ease of ownership and help position the property as a compelling long term investment. Ideally located near some of Hollywood's best dining, shopping and entertainment, the property offers a rare combination of scale, design, income and turnkey appeal in one of Los Angeles' most active rental markets.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Driveway, Gated

Total Parking Spaces 8

Building

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5538004011

Special Listing Condition Standard

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Listed by Kane Kaijun Lim The Oppenheim Group, Inc. #02051343

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923 N Mariposa AVE

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Herb Rim

Herb Rim

Realtor License ID: 01870707

+1(818) 699-9179

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