8 months on rocket

1138 S Mariposa Ave, Los Angeles, CA, 90006

$1,499,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
7 Baths
4,064 SqFt
$369/SqFt
House
Schools Nearby

Location

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1138 S Mariposa Ave, Los Angeles$1,499,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingAttached Carport, Concrete, Side By Side, Uncovered
Attached GarageYes
Year Built1960
HeatingWall Furnace
MLS #23299041
Lot Size0.14 Acres
StatusActive

About 1138 S Mariposa Ave

We are proud to present this well maintained 7-unit investment opportunity in the highly sought-after and fast growing area of Pico Union / Koreatown. Situated on a 5,904 square foot parcel, the property is comprised of one single unit, four one-bedroom units, and two two-bedroom units amounting to 4,064 square feet of living space. Originally built in 1960 (2 units have recently been remodeled), the subject property features functional and versatile layouts to accommodate various tenant preferences and each unit is equipped with separately metered gas and electricity, minimizing operational costs and complexities. Additionally the property offers on-site laundry, ample parking with space to accommodate up to eight vehicles, and has had the soft story retrofit work completed. The property has significant rental upside through unit renovations and can present an opportunity for development-minded investors thanks to the LAR3 zoning. Ideally located within a short distance to the hubs of Koreatown, Pico Union, DTLA, and easy access to freeways, public transportation, schools, shops, dining, and entertainment. The continued gentrification of the surrounding area along with the value-add potential for a new owner makes 1138 S Mariposa an excellent acquisition for the most discerning investor. **Cap Rate of 8+% & GRM of 8.98% is based on projected income, not actual.**

Property Details

Property Features

Property Information:

  • Year Built: 1960
  • Stories: 2
  • Living Area: 4,064 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (323) 593-6999
  • Listing Agent: David Lukan

Interior Features

Interior Information:

  • Appliances: Disposal, Refrigerator

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Attached Garage: Yes
  • Parking: Attached Carport, Concrete, Side By Side, Uncovered

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

School Info

Assigned Schools Information:

  • West Adams Preparatory High School, Public District Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Berendo Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Los Angeles Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: On S Mariposa Ave between 11th St & 12th St. Use Google Maps for directions

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,499,000
  • Price Per SqFt: $369/SqFt

Tax Information:

  • Annual Amount: $19,007
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

1138 S Mariposa Ave vs Los Angeles

261 DAYS ON ROCKET

+227 Days

$1,499,000

+$523K More

$369/SqFt

-$259 Less

KEY TAKEAWAY

This property is $523K more than the Median Sold Price and $259/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #23299041

Listing Office:

  • Office Name: Compass
  • Office Phone: (323) 593-6999
  • Listing Agent: David Lukan

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 2:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 04, 2018Home Sold
$1,460,000
Sep 23, 2005Home Sold
$790,000
Jun 30, 1998Home Sold
$195,000

Tax History

YEARPROP. TAXASSESSMENT
2021$19,007$1,535,019
2020$18,454$1,518,984
2019$12,610$1,489,200
2018$12,305$983,452
2017$12,305$964,170

History based on county public records data.

Payment Calculator

$7,549

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,561

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1845978
4
/10

  • Los Angeles Elementary School

  • 1211 S Hobart Blvd

  • 0.40 miles

  • Public District Grades KG-5

school-card-donut-1845979
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 3.58 miles

  • Public Magnet Grades KG-6

school-card-donut-1845980
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 21.94 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-1845981
3
/10

  • Berendo Middle School

  • 1157 S Berendo St

  • 0.19 miles

  • Public District Grades 6-8

school-card-donut-1845982
4
/10

  • Studio

  • 2211 W Avenue 30

  • 5.20 miles

  • Public District Grades 6-8

High School

school-card-donut-1845983
2
/10

  • West Adams Preparatory High School

  • 1500 W Washington Blvd

  • 0.87 miles

  • Public District Grades 9-12

school-card-donut-1845984
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 5.04 miles

  • Public Magnet Grades 9-12

school-card-donut-1845985
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 15.19 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,505. Most Los Angeles, CA residents have annual incomes less than $35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1138 S Mariposa Ave

What is the listing price of this property?

The listing price of 1138 S Mariposa Ave property is $1,499,000.

What type of property is this?

The property 1138 S Mariposa Ave is a house located in Los Angeles, California, 90006.

Is this property for sale now?

Active Listing: 1138 S Mariposa Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1138 S Mariposa Ave are:
Los Angeles Elementary School: GreatSchools Rating 4/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Berendo Middle School: GreatSchools Rating 3/10
Studio: GreatSchools Rating 4/10
West Adams Preparatory High School: GreatSchools Rating 2/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $19,007 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 4, 2018 for $1,460,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1138 S Mariposa Ave has 8 bedrooms and 7 bathrooms.

What is the square footage of this property?

The property 1138 S Mariposa Ave is 4,064 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1138 S Mariposa Ave is 1960.

Rocket Homes›California›Los Angeles County›Los Angeles›90006›1138 S Mariposa Ave

This home is located at 1138 S Mariposa Ave in Los Angeles, CA and zip code 90006 in the Central LA neighborhood. This 4,064 square foot home, which was built in 1960, sits on a 0.14 acre lot. Features: 8 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since August 10, 2023 and is currently priced at $1,499,000.

In March 2024 more than 628 listings in Los Angeles, CA were sold above the asking price. During the same period more than 196 listings were sold at asking price, while more than 579 were sold below. Between February 2024 and March 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 10.8%. In March 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $975,970.

From Rocket Homes Real Estate and based on county public records data.

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