1602 N Mariposa Ave, Los Angeles, CA 90027
1602 N Mariposa Ave, Los Angeles, CA 90027
1602 N Mariposa Ave, Los Angeles, CA 90027
1602 N Mariposa Ave, Los Angeles, CA 90027
1602 N Mariposa Ave, Los Angeles, CA 90027
1602 N Mariposa Ave, Los Angeles, CA 90027
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Shantrece's Assistant

+1(904) 846-3855
$ 7,650,000
Est. payment | /mo

30 Beds

61 Baths

20,870 SqFt

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$ 7,650,000
Est. payment | /mo
Save

30 Beds

61 Baths

20,870 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 20,870 sqft

Price per Sqft $366

MLS Listing ID 26103830

Bedrooms 30

Year Built 1962

Lot Size 0.400 Acres

Acres 0.3997

Property Sub-Type Multi-Family

Property Description

1602 N Mariposa Avenue presents a rare opportunity to acquire a 40-unit multifamily property strategically positioned in Los Feliz / East Hollywood (90027), with convenient access to some of Los Angeles' most desirable employment, dining, entertainment, and residential destinations. Built in 1962, the property contains approximately 20,870 square feet of improvements on a 17,330-square-foot LARD1.5-zoned lot and features a diverse unit mix of bachelor apartments, singles, one-bedroom and two-bedroom residences. The property offers investors a compelling combination of scale, existing income, resident amenities, and long-term value-add potential. The unit mix includes 11 bachelor apartments, eight singles, twelve one-bedroom/one-bathroom units, and nine two-bedroom/one-bathroom units. Residents benefit from a strong amenity package, including a swimming pool, serene central courtyard, secure intercom entrance and lobby, dedicated laundry room, and substantial on-site parking. The property provides 38 parking spaces, including four tandem spaces, a particularly valuable amenity in this densely developed area of Los Angeles. The asset offers a new owner the opportunity to implement a strategic renovation and management program over time. Several units remain below underwriting market rents, and existing vacancies create an opportunity to immediately renovate and reposition select residences. The property's on-site laundry facility, equipped with three washers and three dryers, provides an additional source of ancillary income, while the pool and courtyard further enhance the property's appeal to current and prospective residents. Ownership has also completed several notable capital improvements, including the property's soft-story seismic retrofit and a new roof in 2025, providing a meaningful foundation for a future renovation and repositioning program. With its 40-unit scale, extensive parking, attractive resident amenities, diversified unit mix, value-add potential, and highly desirable 90027 location, 1602 N Mariposa Avenue represents a compelling opportunity to acquire a sizeable Los Angeles multifamily asset with multiple avenues for long-term income growth and value creation.

Location

State CA

County Los Angeles

Area Hollywood

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Covered Parking, Tandem

Garage Spaces 38.0

Building

Story 3

Level or Stories Three Or More

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 KW Commercial Studio City

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1602 N Mariposa Ave