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228 S Mariposa Avenue

Los Angeles, CA 90004
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Bed 19

Bed

Bath 18

Bath

SqFt14,257

Sqft

SqFt15,005

Sqft(Lot)

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).

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,500,000

AD Id : 91149298

MLS Id : 26986935

Beds : 19

Lot Size : 15,005 Sqft

Living Area Size : 14,257

Year Built : 1956

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 19

    Bathroom Information

    Total Baths: 18
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: WallWindowUnits

  • Building Information

    Year Built: 1956
    Building Area Total: 14257
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 15005 Lot Size Acres: 0.3445 Lot Size Source: Assessor Lot Size Square Feet: 15,005

  • Listing Price Information

    Listing Price: $3500000

  • Tax Information

    Parcel Number: 5518008018

  • Location Information

    Direction: From the 101 Freeway, exit Normandie Avenue and head south. Turn right on 3rd Street, then right on Mariposa Avenue. Property is on the right, just south of 2nd Street.
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Nearby Home Value

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426 N Virgil Avenue, Los Angeles, CA, 90004 $1,349,000 8 7 -- 7,015 Sqft
3812 Middlebury, Los Angeles, CA, 90004 $799,800 3 3 1,240 2,300 Sqft
225 S Hoover Street, Los Angeles, CA, 90004 $1,699,000 6 4 2,896 7,987 Sqft
3875 Middlebury Street, Los Angeles, CA, 90004 $698,000 2 1 667 2,002 Sqft
238 S Westmoreland, Los Angeles, CA, 90004 $2,699,999 8 5 4,416 9,754 Sqft
4053 Oakwood Avenue, Los Angeles, CA, 90004 $2,200,000 15 17 10,371 9,904 Sqft
124 N Berendo Street, Los Angeles, CA, 90004 $1,200,000 7 4 3,939 7,502 Sqft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/11/2026 @ 15:18

MLS: 26986935 LISTED BY: Derrick Vartanian, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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