1256 Mariposa Ave

Units:
7
4,711
sqft

We are pleased to present this 32 unitoffering in the Westlake submarket of Los Angeles in close proximity toDowntown. The property features a great unit mix consisting of (22) Studio, 1Bath, (8) 1 Bed, 1 Bath, and (2) 2 Bed/1 Bath units. The unit mix is spread outover 17,364 square feet and sits on a 7,495 square foot lot and is zoned LAC2.The building is separately metered for gas and electricity. A future investorwill benefit from the upside in rental potential of approximately 45%. There’sadditional billboard income as well diversifying the income stream for thisinvestment.

The property benefits greatly from it’slocation as sits just west of Downtown Los Angeles, which has a massive resurgence over the past decade. Hosting a large number of LA’s eateries, bars,nightlife, the draw to renters has surged making the submarket a premiererental pocket. Additionally, Downtown Los Angeles continues to be an economichub and employment center putting 811 S. Union in an ideal location for rentersto capitalize on future growth.

OFFERING MEMORANDUM

Status:

Sold

$

2,250,000

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