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730 N Mariposa Ave , #16

Los Angeles, CA 90029
  • $7,000,000
  • STATUS: Active
  • ON SITE: 25 days
  • MLS #: 21-733512
UPDATED: 36 min ago
$7,000,000
  • 35
    BEDS
  • 0.43
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 20,358
    SQFT
  • $344
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1963
County:
Area:

School Ratings & Info

Description

The Marc is a 28-unit apartment building located at 730 N. Mariposa Avenue in the highly desirable East Hollywood neighborhood of Los Angeles. Built in 1963, the property offers renters a high demand unit mix of 21 One Bedroom/One Bath and 7 Two Bedroom/One Bath units across +/-20,358 square feet of improvements on +/- 18,900 square feet of land. This thoughtfully maintained property features 7 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 tiles, bathtubs, and hardware. In addition, the units have been updated with new windows and wall air-conditioning units. The exterior of the property has been updated with new paint, a Zen courtyard with seating and planters, unique modern entryway gates, and an oasis style pool. New ownership has the opportunity to capture additional upside in rents through comprehensive renovation of the remaining unit interiors. All the heavy lifting of the exterior renovations has been completed allowing a buyer to focus solely on unit interiors as they turn. The Marc is subject to the earthquake retrofit ordinance requiring retrofitting of the soft-story parking. Plans have been approved and are RTI, buyer shall be responsible to complete work.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-13T18:42:31.613. 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. Properties may or may not be listed by the office/agent presenting the information.
www.haciendagroupinc.com/homes/117333977
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730 N Mariposa Ave , #16 Los Angeles, CA 90029

  • Price: $7,000,000
  • Status: Active
  • Updated: 36 min ago
  • MLS #: 21-733512
35
Beds
0
Baths
0
½ Baths
0.43
Acres
20,358
SQFT
$344
$/SQFT
1963
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
The Marc is a 28-unit apartment building located at 730 N. Mariposa Avenue in the highly desirable East Hollywood neighborhood of Los Angeles. Built in 1963, the property offers renters a high demand unit mix of 21 One Bedroom/One Bath and 7 Two Bedroom/One Bath units across +/-20,358 square feet of improvements on +/- 18,900 square feet of land. This thoughtfully maintained property features 7 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 tiles, bathtubs, and hardware. In addition, the units have been updated with new windows and wall air-conditioning units. The exterior of the property has been updated with new paint, a Zen courtyard with seating and planters, unique modern entryway gates, and an oasis style pool. New ownership has the opportunity to capture additional upside in rents through comprehensive renovation of the remaining unit interiors. All the heavy lifting of the exterior renovations has been completed allowing a buyer to focus solely on unit interiors as they turn. The Marc is subject to the earthquake retrofit ordinance requiring retrofitting of the soft-story parking. Plans have been approved and are RTI, buyer shall be responsible to complete work.
Exterior Features

Lot Size Area 18900 Other Structures None Parking Garage Community Garage Total Parking 30

Interior Features

Baths Total 29.00 Cooling Wall/Window Equipment DishwasherGarbage Disposal Heating Wall Laundry Community

Property Features

Assessed Total Value 5814000 Gross Income 484260 Gross Operating Income 484260 Like Units1 21 Like Units2 7 Net Operating Income 283000.00 Number Of Buildings 1 Number Of Units 28 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 187553 Type Of Units Apartments Year Built Source Assessor Zoning Lard1.5

Listing provided courtesy of Adam Zunder DRE#01821053 of Iconic Investments.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-13T18:42:31.613. 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. Properties may or may not be listed by the office/agent presenting the information.
 
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