Habitat Apartments is a 19-unit apartment building located at 514 S. Mariposa Ave in the highly desirable Koreatown neighborhood of Los Angeles. Built in 1960, the property offers renters a high demand unit mix of 2 studios and 17 one-bedroom units across +/- 12,294 square feet of improvements on +/- 11,250 square feet of land. The thoughtfully maintained property features 12 extensively renovated units featuring new hardwood floors, kitchen cabinets, countertops, stainless steel appliances, designer tiles, fixtures, and lighting. The bathrooms have been updated with modern vanities and tile, bathtubs, and hardware. In addition, the units have new vinyl windows and either wall or split system air-conditioning units. New ownership can continue to capture an additional +/- 26% upside in rents through comprehensive renovations of the remaining unit interiors. The charming Mid-Century design, location, and resort-style feel, are major draws for tenants at the Habitat Apartments. Additional drivers leading to the historically high rents being achieved at Habitat include the elevated level of renovations and designer touches. Tenants have proven they are willing to pay more for a premium product which exceeds the level of detail found at competing properties. The building has 19 tuck-under parking spaces and one laundry room. Utilities are separately metered for electricity and gas, and there is one central water heater. Located in the heart of the Koreatown neighborhood, just east of Normandie Ave, and north of Wilshire Blvd, Habitat Apartments offers tenants access to major employment centers and a broad range of entertainment and recreation opportunities, all within a short walk. The Wilshire/Normandie Purple Line is a few-minute walk from Habitat.
Property Details
Property Features
Property Information:
Year Built: 1960
Stories: 2
Living Area: 12,294 SqFt
Listing Office:
Office Name: Iconic Investments
Office Phone: (747) 444-3300
Listing Agent: Adam Zunder
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 17
Exterior Features
Parking Information:
Parking: Controlled Entrance, Community Structure
Lot Features
Lot Information:
Lot Size: 0.26 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
School Info
Assigned Schools Information:
Rfk Community Schools-Ucla Community K-12, Public District Grades KG-12
Rfk Community Schools-Los Angeles High School of T, Public District Grades 9-12
Rfk Community Schools-Ambassador-Global Leadership, Public District Grades 6-12
Young Oak Kim Academy, Public District Grades 6-8
Studio, Public District Grades 6-8
Rfk Community Schools - Ambassador School - Global, 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: Prime Koreatown location. Just east of Western. Between 3rd st and 6th st.
Price Information
Listing Price Info
Price Summary:
List Price: $4,650,000
Price Per SqFt: $378/SqFt
Tax Information:
Annual Amount: $51,219
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $3.6M more than the Median Sold Price and $250/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: #24370505
Listing Office:
Office Name: Iconic Investments
Office Phone: (747) 444-3300
Listing Agent: Adam Zunder
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, 3:25:18 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
DATE
EVENT
PRICE
Aug 31, 2017
Aug 31, 2017Home Sold
$4,000,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$51,219
$4,205,133
2020
$49,705
$4,161,600
2019
$49,450
$4,080,000
2018
$35,168
$4,000,000
2017
$35,168
$2,816,708
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$23.2K
Per Month
Principal & Interest
$23.2K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$14K
Powered By
Advertisement
NMLS#3030
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
Rfk Community Schools - Ambassador School - Global
3201 W 8th St
Distance between this listing and this school0.46 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school2.99 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school21.52 miles
Public Magnet Grades 1-5
Middle School
4
/10
Young Oak Kim Academy
615 Shatto Pl
Distance between this listing and this school0.51 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school4.50 miles
Public District Grades 6-8
High School
3
/10
Rfk Community Schools-Ucla Community K-12
700 S Mariposa Ave
Distance between this listing and this school0.34 miles
Public District Grades KG-12
4
/10
Rfk Community Schools-Los Angeles High School of T
701 S Catalina St
Distance between this listing and this school0.36 miles
Public District Grades 9-12
2
/10
Rfk Community Schools-Ambassador-Global Leadership
701 S Catalina St
Distance between this listing and this school0.36 miles
Public District Grades 6-12
Assigned Schools
4
/10
Rfk Community Schools - Ambassador School - Global
3201 W 8th St
Distance between this listing and this school0.46 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school2.99 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school21.52 miles
Public Magnet Grades 1-5
Assigned Schools
4
/10
Young Oak Kim Academy
615 Shatto Pl
Distance between this listing and this school0.51 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school4.50 miles
Public District Grades 6-8
Nearby Schools
5
/10
Camino Nuevo Academy #2
635 S Harvard Blvd
Distance between this listing and this school0.36 miles
Public Charter Grades KG-8
Assigned Schools
3
/10
Rfk Community Schools-Ucla Community K-12
700 S Mariposa Ave
Distance between this listing and this school0.34 miles
Public District Grades KG-12
4
/10
Rfk Community Schools-Los Angeles High School of T
701 S Catalina St
Distance between this listing and this school0.36 miles
Public District Grades 9-12
2
/10
Rfk Community Schools-Ambassador-Global Leadership
701 S Catalina St
Distance between this listing and this school0.36 miles
The neighbors living near this home have an average income of $36,781. The majority of Los Angeles, CA residents have income less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 514 S Mariposa Ave
What is the listing price of this property?
The listing price of 514 S Mariposa Ave property is $4,650,000.
What type of property is this?
The property 514 S Mariposa Ave is a house located in Los Angeles, California, 90020.
Is this property for sale now?
Active Listing: 514 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 514 S Mariposa Ave are: Rfk Community Schools - Ambassador School - Global: GreatSchools Rating 4/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Young Oak Kim Academy: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Rfk Community Schools-Ucla Community K-12: GreatSchools Rating 3/10Rfk Community Schools-Los Angeles High School of T: GreatSchools Rating 4/10Rfk Community Schools-Ambassador-Global Leadership: GreatSchools Rating 2/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $51,219 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on August 31, 2017 for $4,000,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 514 S Mariposa Ave has 17 bedrooms and 19 bathrooms.
What is the square footage of this property?
The property 514 S Mariposa Ave is 12,294 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 514 S Mariposa Ave is 1960.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 514 S Mariposa Ave in Los Angeles, CA and zip code 90020 in the Central LA neighborhood. This 12,294 square foot home, which was built in 1960, sits on a 0.26 acre lot. Features: 17 bedrooms, 19 bathrooms. It has been listed on Rocket Homes since March 19, 2024 and is currently priced at $4,650,000.
Los Angeles, CA housing market in March 2024 saw over 628 listings sold above listed price, more than 196 sold at listed price and over 579 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%. The median list price of listings available in March 2024 was $975,970, 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. 
Pro Boxing
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
H&M
Ross Dress For Less
Burlington
Boston Market
Popeyes
Jack In The Box
Honda
Nissan
Kia
Rhythmic Contemporary Hits
Urban Adult Contemporary