134 N Mariposa Avenue

Los Angeles , CA 90004

MLS#: 24356211

$13,750,000

Status: Closed
Listing number: 24356211
Listing provided by: Marcus & Millichap
Listing agent phone: None
Last update: 11 months ago
On site: 1 year, 9 months ago
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Property

Beds

60

Full Baths

None

1/2 Baths

None

Year Built

1986

Sq.Footage

35,216

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

Features & Amenities

Interior

  • Total Bedrooms

    60

  • Bathrooms

    N/A

  • Heating YN

    YES

  • Heating

    Wall Furnace

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Community Structure

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.4139

  • Property Type

    Residential Income

Price

  • Sales Price

    $13,750,000

  • Sq. Footage

    35, 216

  • Price/SqFt

    $390

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Senior Community YN

    NO

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Location

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Los Angeles

Elementary School

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Listing Courtesy of Neema Ahadian , Marcus & Millichap

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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

134 N Mariposa Avenue

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