Nestled in the vibrant neighborhood in the Heart of Koreatown Los Angeles, this beautiful income investment property comprising 4 well designed units is a prime residential income building that seamlessly combines comfort, convenience, and potential lucrative returns for investors. Step inside the front unit and be greeted by a warm and inviting atmosphere. The automatic gated entrance offers a sense of security and privacy. All stainless appliances including refrigerator, washer and dryer, microwave, dishwasher and oven range are included in each unit. This property offers endless possibilities as residents can enjoy easy access to a myriad of shops and restaurants nearby, making it a prime location for renters. Front unit will be delivered vacant, offering flexibility for the owner to live in one unit and collect passive income to cover your mortgage. Don't miss your chance to own and live in a strong revenue generating property in the heart of Koreatown, Los Angeles. Projected Cap Rate 5.1%.
This property is $1.6M more than the Median Sold Price and $8/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: #24375201
Listing Office:
Office Name: Coldwell Banker Exclusive
Listing Agent: Rira Joo
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: 5/3/2024, 9:20:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jul 21, 2016
Jul 21, 2016Home Sold
$1,625,000
Mar 03, 2015
Mar 03, 2015Home Sold
$465,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$21,063
$1,742,328
2020
$20,435
$1,724,463
2019
$20,274
$1,690,650
2018
$19,766
$1,657,500
2017
$19,766
$1,625,000
History based on county public records data.
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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
4
/10
Los Angeles Elementary School
1211 S Hobart Blvd
Distance between this listing and this school0.40 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school3.59 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school21.95 miles
Public Magnet Grades 1-5
Middle School
3
/10
Berendo Middle School
1157 S Berendo St
Distance between this listing and this school0.19 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school5.20 miles
Public District Grades 6-8
High School
2
/10
West Adams Preparatory High School
1500 W Washington Blvd
Distance between this listing and this school0.86 miles
Public District Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school5.04 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school15.20 miles
Public Magnet Grades 9-12
Assigned Schools
4
/10
Los Angeles Elementary School
1211 S Hobart Blvd
Distance between this listing and this school0.40 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school3.59 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school21.95 miles
Public Magnet Grades 1-5
Assigned Schools
3
/10
Berendo Middle School
1157 S Berendo St
Distance between this listing and this school0.19 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school5.20 miles
Public District Grades 6-8
Nearby Schools
1
/10
Monsenor Oscar Romero Charter Middle School
1157 S Berendo St
Distance between this listing and this school0.19 miles
Public Charter Grades 6-8
Assigned Schools
2
/10
West Adams Preparatory High School
1500 W Washington Blvd
Distance between this listing and this school0.86 miles
Public District Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school5.04 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school15.20 miles
The neighbors living near this home have an average income of $31,505. Typical income of Los Angeles, CA residents is less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1142 S Mariposa Ave
What is the listing price of this property?
The listing price of 1142 S Mariposa Ave property is $2,600,000.
What type of property is this?
The property 1142 S Mariposa Ave is a house located in Los Angeles, California, 90006.
Is this property for sale now?
Active Listing: 1142 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 1142 S Mariposa Ave are: Los Angeles Elementary School: GreatSchools Rating 4/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Berendo Middle School: GreatSchools Rating 3/10Studio: GreatSchools Rating 4/10West Adams Preparatory High School: GreatSchools Rating 2/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel 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 $21,063 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on July 21, 2016 for $1,625,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1142 S Mariposa Ave has 10 bedrooms and 10 bathrooms.
What is the square footage of this property?
The property 1142 S Mariposa Ave is 4,168 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1142 S Mariposa Ave is 2016.
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This home is located at 1142 S Mariposa Ave in Los Angeles, CA and zip code 90006 in the Central LA neighborhood. This 4,168 square foot home, which was built in 2016, sits on a 0.14 acre lot. Features: 10 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since April 02, 2024 and is currently priced at $2,600,000.
In April 2024 more than 701 listings in Los Angeles, CA were sold above the asking price. During the same period more than 204 listings were sold at asking price, while more than 629 were sold below. The inventory of homes for sale in Los Angeles, CA between March 2024 and April 2024 increased by 14.9%. The median list price of listings available in April 2024 was $986,427, while the average time on the real estate market was 34 days.
From Rocket Homes Real Estate and based on county public records data.
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. 
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