Twelve of the nineteen units have been fully renovated to a high-end specification, quartz countertops, stainless appliances, split-system A/C, hardwood-style flooring, and updated baths. The remaining units present a clear, repeatable renovation path with approximately 20% rental upside. At full market rents the cap rate expands from 6.02% to 8.96%, one of the most compelling current-to-market spreads available in mid-market Koreatown.
Listing agent:
Mark Ventre
License #01811490
Lyon Stahl Investment Real Estate, Inc.
514 Mariposa is a Residential Income property located in Los Angeles, California, featuring a 0.258 acre lot, 12,294 sqft, 17 bedrooms, MLS #26844845.