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
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Oscar Briseno

Oscar Briseno

+1(909) 702-3445
$ 7,650,000
Est. payment | /mo

30 Beds

61 Baths

20,870 SqFt

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

30 Beds

61 Baths

20,870 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 20,870 sqft

Price per Sqft $366

MLS Listing ID 26103830

Bedrooms 30

HOA Y/N No

Year Built 1962

Lot Size 0.400 Acres

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 C20 - Hollywood

Zoning LARD1.5

Interior

Fireplace No

Exterior

Parking Features Covered, Garage, Tandem

Total Parking Spaces 38

Building

Story 3

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5543004036

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Nick Astrupgaard KW Commercial Studio City #01893466

Speak to a Lender

Schedule an appointment with us to find out your options and get your questions answered!

Book Here

Apply Online

We make it easy, apply online, submit your documentation in our easy and secure platform! Once you've completed the application and uploaded your documents we will give you a call to go over your options!

Apply Here

Why The Brandon Drew Group?

THIS IS OUR PURPOSE .
 
Named for our son. Built for your family. The Brandon Drew Group is a family-run mortgage firm in Rancho Cucamonga, California, named in memory of Robert and Colleen Olivas's son Brandon Drew. What started as a way to honor him became a calling — to make sure every family who walks through our door is treated with the same patience, honesty, and care we wish for our own. The story behind the name →

Learn More

NEARBY SCHOOLS & PROPERTIES

Go tour this home

1602 N Mariposa AVE