228 S Mariposa Ave, Los Angeles, CA 90004
228 S Mariposa Ave, Los Angeles, CA 90004
228 S Mariposa Ave, Los Angeles, CA 90004
228 S Mariposa Ave, Los Angeles, CA 90004
228 S Mariposa Ave, Los Angeles, CA 90004
228 S Mariposa Ave, Los Angeles, CA 90004
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Shantrece's Assistant

Shantrece's Assistant

+1(904) 846-3855
$ 3,500,000
Est. payment | /mo

19 Beds

18 Baths

14,257 SqFt

Save
$ 3,500,000
Est. payment | /mo
Save

19 Beds

18 Baths

14,257 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,257 sqft

Price per Sqft $245

MLS Listing ID 26986935

Bedrooms 19

Year Built 1956

Lot Size 0.344 Acres

Acres 0.3445

Property Sub-Type Multi-Family

Property Description

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).

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment Other

Exterior

Parking Features Carport, Uncovered

Garage Spaces 14.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

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228 S Mariposa Ave