new - 1 day on rocket

1214 S Mariposa Ave, Los Angeles, CA, 90006

$1,800,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

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1214 S Mariposa Ave, Los Angeles$1,800,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1917
MLS #PW24251716
Lot Size0.14 Acres
StatusActive

About 1214 S Mariposa Ave

1214 South Mariposa Avenue is a charming seven-unit property offering 3,360 rentable square feet on a 5,904-square-foot LAR3-zoned lot. The property features seven one-bedroom, one-bathroom units, with four units fully remodeled and currently vacant. Each unit is detached, averaging approximately 480 square feet, and individually metered for gas and electricity, with separate water heaters for added convenience. Three of the seven units are scheduled to be vacant, presenting a unique opportunity for a new owner to customize occupancy. Located in the rapidly growing Koreatown neighborhood, this property benefits from proximity to Pico Boulevard and Normandie Avenue on a street experiencing significant improvements. Residents enjoy easy access to Koreatown's vibrant dining, shopping, entertainment, and employment opportunities, as well as nearby hotspots in Hollywood and Downtown Los Angeles. Boasting a "Walker's Paradise" Walk Score of 92, the location allows most daily errands to be completed on foot. Nearby attractions include Monty's Good Burger, Park's BBQ, California Marketplace, and an array of local eateries and bars. With ongoing development and revitalization in the area, 1214 South Mariposa Avenue offers significant value-add potential. A new owner can reposition the vacant units, select tenants, and further enhance the property’s appeal. This property, located within the City of Los Angeles, is subject to rent control regulations, making it a compelling acquisition for investors seeking a combination of stable income and growth potential.

Property Details

Property Features

Property Information:

  • Year Built: 1917
  • Stories: 1

Listing Office:

  • Office Name: Lifetime Realty Inc
  • Office Phone: (714) 728-6564
  • Listing Agent: Tommy Kim

Interior Features

Interior Information:

  • Appliances: Dryer

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Other

Directions Information:

  • Directions: North of Pico Boulevard and east of Normandie Avenue.., between Olympic Blvd. & Pico Blvd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,800,000

Tax Information:

  • Annual Amount: $9,560
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

1214 S Mariposa Ave vs Los Angeles

1 DAY ON ROCKET

-37 Days

$1,800,000

+$778.4K More

KEY TAKEAWAY

This property is $778.4K more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24251716

Listing Office:

  • Office Name: Lifetime Realty Inc
  • Office Phone: (714) 728-6564
  • Listing Agent: Tommy Kim

IDX Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 10:21:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 12, 2021Home Sold
$1,200,000
Apr 20, 2015Home Sold
$700,000
Mar 17, 1994Home Sold
$150,000
Nov 30, 1988Home Sold
$285,000
May 18, 1988Home Sold
$250,000

Tax History

YEARPROP. TAXASSESSMENT
2021$9,560$735,824
2020$9,304$728,280
2019$9,647$714,000
2018$9,406$739,384
2017$9,406$724,887

History based on county public records data.

Payment Calculator

$9,051

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,463

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-689875
4
/10

  • Los Angeles Elementary

  • 1211 S Hobart Blvd

  • 0.40 miles

  • Public District Grades KG-5

school-card-donut-689876
4
/10

  • Hobart Boulevard Elementary School

  • 980 S Hobart Blvd

  • 0.49 miles

  • Public District Grades KG-5

school-card-donut-689877
3
/10

  • RFK Community Schools - Ambassador School of Global Education

  • 3201 W 8th St

  • 0.68 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,505. Most Los Angeles, CA residents have annual incomes less than $35k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1214 S Mariposa Ave

What is the listing price of this property?

The listing price of 1214 S Mariposa Ave property is $1,800,000.

What type of property is this?

The property 1214 S Mariposa Ave is a condo located in Los Angeles, California, 90006.

Is this property for sale now?

Active Listing: 1214 S Mariposa Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $9,560 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 12, 2021 for $1,200,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 1214 S Mariposa Ave is 1917.

Rocket Homes›California›Los Angeles County›Los Angeles›90006›1214 S Mariposa Ave

This home is located at 1214 S Mariposa Ave in Los Angeles, CA and zip code 90006 in the Central LA neighborhood. This home, which was built in 1917, sits on a 0.14 acre lot. It has been listed on Rocket Homes since December 19, 2024 and is currently priced at $1,800,000.

In November 2024, from all listings sold in Los Angeles, CA there were more than 512 sold above asking price, over 657 sold below and more than 177 were sold right at the asked price. The inventory of homes for sale in Los Angeles, CA between October 2024 and November 2024 decreased by 0.6%. Listings spent 38 days on the market in November 2024, and had a median list price of $1,021,532 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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