We are pleased to present a sixteen (16) unit apartment building located at 932 S Mariposa Avenue in Los Angeles, California. The subject property is located in an ideal Koreatown location, south of Wilshire Boulevard and west of Vermont Avenue. This well-maintained 16-unit multifamily property offers an excellent unit mix consisting of twelve (12) studios, three (3) one-bedroom units, and one (1) spacious two-bedroom unit - ideal for attracting a wide range of tenants. One (1) unit will be delivered vacant, presenting immediate leasing. With solid remaining rental upside, investors can benefit from long-term value growth. The gated property features attractive curb appeal, easily maintained landscaping, a security system, and an on-site laundry room for added tenant convenience. There is a communal balcony on the second floor, and ample street parking is available. Ideally located in the heart of Koreatown, the property provides dominant access to major commercial corridors such as Vermont Ave, Normandie Ave, Western Ave, and Wilshire Blvd. With a strong in-place cash flow reflected by a 7.18% cap rate and a prime centralized location in the heart of Koreatown, this property presents a compelling investment opportunity for buyers seeking both stability and long-term growth potential in one of Los Angeles' most active markets.
Days on market: 8
Listing updated: July 29, 2025 - 12:17:07
Listed by: Jason Tuvia DRE #01772495 818-212-2700, Marcus & Millichap -
Source: , MLS#: CLW-X75151 Originating MLS: CRMLS
Make an offer
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2025-08-22 19:35:05 PST 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. Properties may or may not be listed by the office/agent presenting the information.
