228 S Mariposa Avenue, Los Angeles, CA 90004
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
228 S Mariposa Avenue,Los Angeles, CA 90004
$3,500,000
- 19 Beds
- 18 Baths
- 14,257 sq. ft.
- Multi-family
- Active
Listed by: derrick vartanian
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26986935
Source:CRMLS
Price summary
- Price:$3,500,000
- Price per sq. ft.:$245.49
About this home
We are pleased to present 228 S. Mariposa Avenue, an 18-unitmultifamily investment opportunity situated in the highly walkable Koreatown neighborhood of Los Angeles. Originally constructed in 1956, the property comprises approximately 14,257 square feet of building area on a substantial 15,000 square foot lot. The property offers an attractive and highly rentable unit mix consisting of three (3) (two-bedroom + one bathroom) units, thirteen (13) (one bedroom + one bathroom) units, and two (2) (studio) units. One of the studio units, Unit #18, is a permitted attached accessory dwelling unit completed in 2024. Many of the apartment interiors have been beautifully remodeled with a combination of contemporary finishes and spacious, functional floor plans. Select renovated units feature updated kitchens with modern cabinetry, upgraded countertops, tile backsplashes, stainless steel appliances, contemporary flooring, recessed lighting, ceiling fans, and refreshed bathrooms. Large windows provide abundant natural light, while separate dining areas, generous living spaces, and ample storage further enhance the units' appeal. Ownership has also completed a series of capital improvements throughout the property. Notable upgrades include extensive Type L copper plumbing upgrades completed over multiple years, window improvements, an upgraded electrical panel, a newer water heater, partial sewer line improvements, retrofit work, exterior painting, asphalt improvements, updated laundry equipment, roofing improvements, and a new gas valve. These improvements, together with the renovated interiors and permitted ADU, provide a strong physical foundation for continued ownership and future operations. The property offers approximately 14 parking spaces, including 12 covered spaces in the rear carport area and one tandem space along the north side of the property. The size and configuration of the rear portion of the lot may also provide an investor with the opportunity to explore the development of additional accessory dwelling units, potentially above the existing carports (Buyer to Verify)....
Contact an agent
Home facts
- Year built:1956
- Listing ID #:26986935
- Added:5 day(s) ago
- Updated:September 16, 2026 at 10:57 AM
Rooms and interior
- Bedrooms:19
- Total bathrooms:18
- Living area:14,257 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnance
Structure and exterior
- Year built:1956
- Building area:14,257 sq. ft.
- Lot area:0.34 Acres
- Levels:2 Story
Finances and disclosures
- Price:$3,500,000
- Price per sq. ft.:$245.49
Parking
- Total parking spaces:14
- Parking description:Carport, Uncovered
New listings near 228 S Mariposa Avenue
- Coming Soon
$995,000Coming Soon4 beds 3 baths1,993 sq. ft.12550 Cantara Street, Los Angeles, CA 91605
MLS# P1-28855Listed by: CHRISTIE'S RE SOCAL - Coming SoonOpen Sat, 2 to 5pm
$1,095,000Coming Soon4 beds 2 baths1,700 sq. ft.9443 Mclennan Avenue, Northridge, CA 91343
MLS# SR26202502Listed by: PINNACLE ESTATE PROPERTIES - Coming SoonOpen Sat, 12 to 4pm
$699,000Coming Soon3 beds 3 baths1,458 sq. ft.14118 W Pine, Van Nuys, CA 91405
MLS# DW26202597Listed by: POPULAR FUNDING & REAL ESTATE - Coming Soon
$1,085,000Coming Soon3 beds 2 baths1,527 sq. ft.7643 Encino Avenue, Northridge, CA 91325
MLS# P1-28853Listed by: DOUGLAS ELLIMAN OF CA INC - Coming Soon
$2,295,000Coming Soon4 beds 3 baths2,351 sq. ft.16706 Alginet Place, Los Angeles, CA 91436
MLS# 26987007Listed by: ESTATE PROPERTIES - Coming Soon
$1,700,000Coming Soon5 beds 5 baths3,026 sq. ft.1900 Taft, Los Angeles, CA 90068
MLS# PV26202418Listed by: MERIT REAL ESTATE - Coming Soon
$649,000Coming Soon3 beds 2 baths1,460 sq. ft.6939 Greeley Street #110, Tujunga, CA 91042
MLS# 26932019Listed by: CHRISTIE'S INTERNATIONAL REAL ESTATE SOCAL - Coming Soon
$1,299,000Coming Soon5 beds 4 baths2,733 sq. ft.20325 Hiawatha Street, Chatsworth, CA 91311
MLS# 226004407Listed by: REAL BROKERAGE TECHNOLOGIES - Coming SoonOpen Sat, 12 to 5pm
$1,048,000Coming Soon6 beds 5 baths2,488 sq. ft.1746 W 38th Place, Los Angeles, CA 90062
MLS# WS26201845Listed by: WETRUST REALTY - Coming Soon
$1,149,000Coming Soon3 beds 2 baths1,881 sq. ft.317 Lois Lane, San Pedro, CA 90732
MLS# SB26185387Listed by: COMPASS