724 S Mariposa Avenue
Los Angeles, CA 90005
- – beds
- – baths
- – sqft
- 8,087 sqft lot
- 1930 build
- – on site
We are pleased to present for sale, The Ambassador Apartments, located at 724 S. Mariposa Ave. This prime Koreatown location is just south of Wilshire BLVD and east of Normandie Ave, offering easy access to the Wilshire/Normandie Metro Station, restaurants, shopping, and entertainment. Ambassador Apartments features 40 units with eight Bachelors, twenty-four Studios, and eight 1 Bedroom/ 1 Bath units. The property has a subterranean parking garage with 20 individual parking spaces. Utilities are master metered for both gas and electric, with one central water heater. The roof was completely replaced, down to the plywood, in 2020. Ambassador Apartments was built in 1930 and is brick construction. This is a great opportunity to acquire Ambassador Apartments with an in-place Cap Rate of 6.40% and a 8.05 GRM, with upside to a 8.35% Cap Rate and a 7.09 GRM. The price per unit is $125,000 per unit and $206 per square foot.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Oct 10, 2024
•
MLS# 24448161 —
The Building
-
Year Built:1930
-
New Construction:No
-
Building Area Total:24200.00
-
# of Buildings:1
-
Total Number Of Units:40
-
Stories Total:4
Interior
-
Levels:Multi/Split
Location
-
Directions:Prime Koreatown Location. Walking distance to Wilshire and major transportation. Just east of Western Ave.
-
Latitude:34.05891100
-
Longitude:-118.29839200
The Property
-
Property Type:Residential Income
-
Zoning:LAR5
-
Lot Size Area:8087.0000
-
Lot Size Acres:0.1857
-
Lot Size SqFt:8087.00
-
Lot Size Source:Assessor
Listing Agent
- Contact info:
- No listing contact info available
The Listing
-
Special Listing Conditions:Standard
-
Parcel Number:5094006007
Heating & Cooling
-
Heating:1
-
Heating:Wall Furnace
-
Cooling:No
-
Cooling:None
Appliances
-
Included:Yes
The Community
-
Senior Community:No
-
Association:No
-
Assessments:No
Parking
-
Parking:Yes
-
Parking:Controlled Entrance, Community Structure
-
Parking Spaces:20.00
-
Garage Spaces:20.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/2/24
Oct 2, 2024
|
Listed / Active | CRMLS_CA | $5,000,000 |
